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90. MARICOPA COUNTY ASSIGNMENT OF PROMISSORY NOTE AND DEED OF TRUST FOR ORCHARD ESTATES APARTMENTS Approve a Resolution authorizing the Chairman of the Board of Supervisors to accept payment and execute any documents necessary to demonstrate payment in full of the debt and release of any security interest regarding a loan agreement recorded in the records of the Maricopa County Recorder No. Recorder Number 2004- 1001162 and which was modified effective February 1, 2004, as evidenced by Recorder Number 2004- 1001162. Maricopa County, through the Human Services Department, loaned Orchard Estates Apartments Limited Partnership, an Arizona Limited Partnership, $300,000 in U.S. Department of Housing and Urban Development HOME funds, on or about January 7, 2004 for the development of a low-income housing tax credit property. The 96-unit apartment community, known as Orchard Estates, is owned by Orchard Estates Apartments Limited Partnership, and located at 15380 W. Young Street, Surprise, AZ 85374. The note carries interest only payments with the full principle amount due and payable not later than May 1, 2024. The County has received $218,750.00 in interest payments to date. Orchard Estates Apartments Limited Partnership has offered to pre-pay the full principal amount due under the Subordinate Promissory Note of $300,000. Repayment of the loan will result in Program Income in the amount of $300,000 that will be utilized by Maricopa County Human Services Department Housing and Community Development Division to fund other HUD supported project activities. These funds are not revenue funds. Supervisory District: 4 (C-22-20-054-M-00)

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