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Director Baird further explained that we are proposing to expand the 10 -year financing to include impact fees for existing homes that have been built along County -built utility projects. For example, in cases where someone has petitioned the County and we take lines down a street of existing homes, we will offer the 10 -year financing to the owners of existing homes on that street. Administrator Chandler clarified that any vacant property along that street would be included in the assessment. Chairman Eggert reported that she is hearing from both the Affordable Housing Committee and the Economic Development Council that if we want to improve commerce or if we want to get low cost housing, we are going to have to do something about spreading out impact fee costs since it has been a policy of the County not to forgive them. On that basis, she asked Administrator Chandler and Director Baird to keep in mind how we are going to do that under this recommendation. It seemed to her that we are cutting but the private developers who would come in and try to build low cost housing unless we could deal with that some other way through the Housing Trust Fund. However, we still would have a policy of doing things a certain way here, and while we could meet those one at a time as they come, she would like to have things discussed up front. Her concern is that we are kind of stuck in this 5 -year financing for everything else, and she would hate to see that as a firm policy when we know we have other problems out there that we must face in the coming years. Commissioner Scurlock noted that after considerable debate on this policy with Administrator Chandler and Director Baird, they came up with this 3 -tier approach to try to offer some flexibility in trying to make it a little easier. He realized the 3 -tier approach does have a down side with the risks perceived by Administrator Chandler and Director Baird, but he felt it comes down to a policy decision for the Board. Being very much attuned to providing some help and impetus for proper economic development in our community, he was leaning toward assuming some risk to do that. Chairman Eggert just wanted there to be some flexibility and didn't want to see a stone wall built in front of them. Administrator Chandler felt there is some flexibility with the way the program is structured. He emphasized that it is not chiseled in stone; we can come back and modify it if there are special conditions or special projects. He believed that the particular needs of low cost housing can be addressed in this program. 31 MAR 0 3 1992 BOOK S:" [,A. 1-L W