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r • • <br /> Rq _ <br /> CONTRACTUAL AGREEMENT FOR PROFESSIONAL SERVICES <br /> BETWEEN <br /> THE CITY OF DECATUR <br /> AND <br /> THE COMMUNITY INVESTMENT CORPORATION <br /> OF DECATUR,INC. <br /> THIS AGREEMENT, entered this 7th day of January, 1997 by and between the City of Decatur, <br /> Illinois(herein called the "City")and Community Investment Corporation of Decatur, Inc. (herein <br /> called the"CICD"). <br /> WHEREAS, the primary focus of the CICD is to retain and expand the economic and tax base of <br /> Decatur, so as to provide increased employment opportunities, affordable housing opportunities <br /> and neighborhood improvements through the provision of financial, technical, advisory and other <br /> assistance to individuals and entities focusing on inner city redevelopment, and; <br /> WHEREAS, the City wishes to engage the CICD to assist the City in neighborhood and business <br /> development projects which will benefit Decatur, <br /> NOW, THEREFORE, it is agreed between the parties hereto that; <br /> 1. SCOPE OF SERVICE <br /> A. Activity <br /> The CICD will be responsible for administering current and future HOME funds for the <br /> purpose of selection of the participating Community Housing Development Organization(CHDO) <br /> and for providing technical assistance to the CHDO's. <br /> I. Actions by the CICD <br /> A. The CICD will ensure that all operations of the CHDO Program are in such <br /> a manner as to be in compliance with all applicable federal, state and local <br /> laws and regulations. <br /> B. The CICD will assume all responsibilities for the selection of the CHDO <br /> and monitoring for compliance, program guidelines, and all other <br /> administrative activities related to the operations of a CHDO. <br /> C. The CICD Housing and Neighborhood Committee will provide appropriate <br /> community oversight related to operations, management, guidelines and <br /> financial aspects of the CHDO. <br /> 1 <br />