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11 Mr. Caravati suggested that the language be changed to sold within 90 days or as soon thereafter as practicable. Mr. Lynch asked whether providing a qualified buyer will be necessary to close. He said he does not see this as a problem. Mr. Caravati said that recapturing the equity is more of an issue, but suggested that Council discuss this issue at its housing work session and not attach it to this ordinance at this time. Mr. Steve Blaine, attorney for Southern Development, said that Mr. Caravati's point is well taken, but he said PHA has 30 families in the pipeline and he feels 90 days should be adequate. He said plowing funds back to the City is acceptable, and a mechanism for this can be developed in a three-party agreement. Dr. Brown, referring to the 90 day period, said that if an applicant fails to qualify there be enough time for another applicant to step in. Mr. Schilling said he has questions about the partnership agreement and whether this particular agreement is the most beneficial for our affordable housing goals. He said he has concerns about PHA. He said he does not oppose closing the street, but does not agree with the manner in which it is being done. He said he would prefer to see Habitat for Humanities as the cooperating partner. The ordinance entitled ", "AN ORDINANCE CLOSING, VACATING AND DISCONTINUING A PORTION OF OLD FIFTH STREET EXTENDED OFF HARRIS ROAD," which was offered at the August 16th meeting, was approved by the following vote. Ayes: Dr. Brown, Mr. Caravati, Ms. Hamilton, Mr. Lynch. Noes: None. Abstaining: Mr. Schilling. APPROPRIATION: $200,000 - REPROGRAMMING HOME PROGRAM INCOME Mr. Lynch expressed concern that Habitat for Humanities was the only proposal for the funding, and that there was not much of a window for advertising. Ms. Missy Creasy, Planner in Neighborhood Development Services, said that six proposal were received. She said that the application process only involved sending in a letter. She said that the funds had to be committed by November 1st. On motion by Mr. Lynch, seconded by Mr. Schilling, the Appropriation of $200,000 in Reprogramming HOME Program Income was offered and carried over to the next meeting for consideration. PUBLIC There were no matters by the public OTHER BUSINESS Mr. O'Connell reviewed upcoming work sessions: Housing Policy Task Force Report, VDOT priorities and Jefferson School. Mr. O'Connell announced that the October 4th meeting has been cancelled due to the Virginia Municipal League Conference. Mr. O'Connell asked for feedback on what time to start closed sessions since the regular meetings will now begin at 7:00 p.m., and it was agreed that they will start at 6:00 p.m. Mr. O'Connell said that information will be provided to Council with an option for dealing with ticketing of vehicles that do not display a decal.