R2010-134 AUTHORIZING AGREEMENT NEAR WESTSIDE RESTORATION AND PRESERVATION SOCIETY

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. - ' HOME PROGRAM FY 2010 COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) AGREEMENT THIS AGREEMENT, entered into on the 21 st day of June, 2010 by and between the City of Decatur, Illinois, hereinafter called the "City", and the Near Westside Restoration & Preservation Society, 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 $63,900 in CHDO set-aside 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 the grant amount of$63,900. B.NWRAPS shall use the funds as outlined in the attached revised proposal submitted in Ma 2v 010, specifically, for eligible costs of acquisition, construction/rehabilitation, soft costs and other eli ible items associated with the urchase and renovation of a 3 bedroom g p vacant structure located at 680 S. Haworth Street for the housing rehabilitation initiative. The structure will be rehabilitated to building housing code standards and incorporate energy improvements for eligible low to moderate-income homeowners at or below 80% AMI (area median income). All additional sources of funds for the project are confirmed (see attached funding proposal) or will be confirmed prior to the start of the project, or adjustments to the budget must be submitted to the City to confirm that the project is able to be completed without the use of the additional funding source(s). 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, (2) documentation of required project manager/employee certifications, (3) documentation of required "HOME" restrictions on the deed, and/or (4) confirmation of additional funding sources as stated in I.B, above. D. Duration of Agreement. This agreement shall be in effect until such time as the housing unit specified is completed and sold to an income-eligible household, and appropriate 1