COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Community Foundation Refund Request

 

 

SUBJECT/PROPOSAL/REQUEST:

Refund of Affordable Housing Grant

 

 

STAFF CONTACT(S):

Tucker, Davis, Wiggans, Breeden

 

 

 

 

LEGAL REVIEW:   Yes

 

 

 

AGENDA DATE:

January 10, 2007

 

ACTION:               INFORMATION: 

 

CONSENT AGENDA:

  ACTION:   X          INFORMATION: 

 

 

ATTACHMENTS:   Yes

 

 

REVIEWED BY: 

 


 

BACKGROUND: 

The owners of the North Pointe Development proffered that they would cause $300,000 to be contributed to the County for the Albemarle Housing Initiative Fund within sixty days after the date of the approval of the rezoning to be used to promote affordable housing.  At the request of Mr. Rotgin, in October of 2006 the Charlottesville Area Community Foundation (hereafter “CACF”) provided a $300,000 grant to the County for this purpose. (See Attachment A)  The intent of the grant to be the means to satisfy the proffer was verified by the County and the grant was accepted to satisfy the North Pointe proffer. (See Attachment B)  On December 22, 2006 Mr. Rotgin forwarded another check to the County in the amount of $300,000 with a request that the North Pointe affordable housing proffer be funded by this new check and requested that the $300,000 grant previously accepted to satisfy the proffer be returned to the CACF.  (See Attachment C)    On January 4, 2007, a request was made by CACF that the grant be returned to it based on the understanding that North Pointe had made a similar contribution to be used for affordable housing in lieu of the CACF grant. (See Attachment D)

 

 

DISCUSSION:

The CACF has requested that its $300,000 grant to the County be returned to it because the North Pointe owners have provided alternative funds to satisfy the North Pointe proffer for affordable housing.  The County auditors have advised that the proper procedure to return the funds to CACF is for the Board of Supervisors to authorize the refund and appropriate the funds for that purpose.  The North Pointe affordable housing proffer has now been satisfied independent of the CACF grant by receipt of the $300,000 from the owners of the North Pointe Development.

 

 

BUDGET IMPACT:

The refund of the CACF grant will have no budget impact because the funds have been replaced by the owners of the North Pointe Development to satisfy the North Pointe proffer.

 

 

RECOMMENDATIONS:

Staff recommends that the Board appropriate and authorize the return of $300,000 to CACF previously received by the County from CACF as a grant for the purpose of providing affordable housing in satisfaction of the North Pointe proffer.

 

 

ATTACHMENTS:

A – October 13, 2006 Letter from John Redick/CACF

B – November 22, 2006 Letter from Valerie LongWilliams Mullen

C – December 22, 2006 Letter from Charles Rotgin/Great Eastern Management Company

D – December 26, 2006 Letter from John Redick/CACF

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