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, � , <br /> � . - <br /> HOME PROGRAM FY2005 <br /> COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) AGREEMENT <br /> THIS AGREEMENT, entered into on the I `'" ` day o ��2A6'S by and between <br /> the City of Decatur, Illinois, hereinafter called the "City", and the N ighborhood Housing <br /> Development Corporation, organized under the laws of the State of Illinois, hereinafter called <br /> "NHDC". <br /> WHEREAS, the City has entered into an agreement with the U.S. Department of Housing and <br /> Urban Development, hereinafter called "HLTD", for the purpose of conducting a HOME <br /> Program; and whereas the City has received a special allocation from HUD for housing to be <br /> developed or owned by a Community Housing Development Organization,hereinafter called <br /> "C�IDO", for the purpose of providing permanent housing for chronically homeless individuals; <br /> and whereas NHDC has been identified as a CHDO, subject to the terms and conditions stated <br /> below�and whereas NHDC submitted a proposal dated September 15, 2005 to conduct activities <br /> eligible under the HOME program guidelines and requested a grant of HOME funds to carry out <br /> the activities under the stated proposal. <br /> NOW, THEREFORE, the parties in consideration thereto mutually agree and covenant as <br /> follows: <br /> I. SCOPE OF SERVICE <br /> A. NHDC may receive up to $176,200.00 from the City under the HOME Program to <br /> implement the proposed activities. Funding will be dispersed based upon actual project <br /> expenditures, for a total not to exceed the grant amount of 176 200. <br /> B. NHDC shall use the funds as outlined in the proposal dated September 15, <br /> specifically, for eligible costs of acquisition,pre-development, construction, soft costs <br /> and other eligible items associated with the purchase and renovation of an eight-unit <br /> multifamily structure at 456 West Wood, known as the Lindwood Apartments. This <br /> building will be used as permanent supportive housing for eight chronically homeless <br /> individuals. All additional sources of funds for the project must be confirmed prior to the <br /> start of the project,or adjustments to the budget must be submitted to the City to confirm <br /> that the project is able to be completed without the use of the additional funding <br /> source(s). <br /> C. NHDC shall not obligate or expend any funds under the terms of this agreement <br /> until a written Notice to Proceed is issued by the Economic and Urban Development <br /> Department of the City. The Notice to Proceed shall be issued following completion of <br /> all conditions of this Agreement which include (1) completion of environmental review <br /> requirements, (2) confirmation of additional funding sources as stated in I.B. above, and <br /> (3) submission of a signed extension to the Real Estate Purchase Contract for the property <br /> at 456 W. Wood Street until at least December 15, 2005. <br /> D. Duration of Agreement. All funds received under this Agreement must be expended <br /> within one �az from the date of this agreement unless an extension is granted by the <br /> 1 <br />