R2010-135 AUTHORIZING AGREEMENT NEAR WESTSIDE RESTORATION AND PRESERVATION SOCIETY

Home Browse Search

-� HOME PROGRAM FY 2010 COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) OPERATING AGREEMENT THIS AGREEMENT, entered into on the 21st day of June, 2010 by and between the City of Decatur, Illinois, hereinafter called the"City", and the Near West Side Restoration & Preservation Societv, organized under the laws of the State of Illinois, hereinafter called "NWRAPS". WHEREAS, the City has entered into an agreement with the U.S. Department of Housing and Urban Development, hereinafter called "HUD", for the purpose of conducting a HOME Program; and whereas the City has received a special allocation from HUD for housing to be developed or owned by a Community Housing Development Organization, hereinafter called "CHDO", for the purpose of providing single-family homeownership opportunities for low to moderate income households; and whereas NWRAPS has been identified as a CHDO, subject to the terms and conditions stated below; and whereas NWRAPS submitted a revised proposal May 2010 to conduct activities eligible under the HOME program guidelines and requested a grant of HOME funds to carry out the activities under the stated proposal. NOW, THEREFORE, the parties in consideration thereto mutually agree and covenant as follows: I. SCOPE OF SERVICE A. NWRAPS may receive up to 7 800 in CHDO Operating funds from the City under the HOME Program to implement the proposed activity. Funding will be dispersed based upon actual project expenditures, for a total not � to exceed 7 800 or 50 percent of the CHDO's total annual operating expenses. B. NWRAPS shall use the funds as outlined in the attached revised proposal submitted in Mav 2010. Eligible uses are reasonable and necessary costs for the operation of the CHDO, including: • Salaries, wages, benefits and other employee compensation; • Employee education, training and travel; • Rent and utilities; • Communication costs; • Taxes and insurance; and , • Equipment, material and supplies All additional sources of funds for the CHDO Operating Budget are confirmed (see attached funding proposal) or will be ' confirmed prior to the start of the project. C. NWRAPS shall not obligate or expend any funds under the terms of this agreement until a written Notice to Proceed is issued by the Department of Neighborhood Services-Neighborhood Outreach Division. The Notice to Proceed shall be issued following completion of all conditions of this Agreement which include (1)completion of environmental review requirements and/or(2) confirmation of additional funding sources and expenses as stated in I.B. above. D. Duration of Agreement. This agreement shall be in effect until such time the CHDO has completed all CHDO activities. All funds received under this Agreement must be expended within eighteen months from the date of this agreement unless an extension is granted by the City Council. A request for any extension shall be made in writing and include an explanation for why it is required. The City shall inform NWRAPS within four weeks of the receipt of the request for extension as to whether it has been granted. II. REPORTING AND REIMBURSEMENT PROCEDURE A. Monthly Reporting NWRAPS shall provide the City with monthly progress reports and financial reports. Monthly reports shall be submitted to the City by the tenth (10th)working day of the succeeding calendar month. Monthly reports shall include the status of all projects currently underway, financial expenditures to date, any anticipated revisions to the project budget, and any other pertinent information.