R2005-49 AUTHORIZING DEVELOPMENT AGREEMENT Near North

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Upon timely request which shall provide Developer with a minimum of ten(10)business days to respond,Developer, at no additional out-of-pocket cost to Developer, shall also provide DHA and the City with any or other reports required by HLJD. 2.1.7 Section 3 Plan. Developer shall comply with the requirements of Section 3 of the Housing and Urban Development Act of 1968 as unplemented at 24 C.F.R.part 135,the DHA's Section 3 Plan, and the Section 3 Utilization Plan developed by the Developer pursuant to this Agreement. DHA considers meeting the Section 3 goals an essential element of the Revitalization effort and Developer understands that as to each Component of the Revitalization,no funding shall be permitted under this Agreement unless the DHA has approved the Developer's Section 3 Plan developed for that Component,which shall cover only Section 3 responsibilities of the Developer. Developer and DHA understand that certain Section 3 requirements,including,but not limited to,the Community and Supportive Services Plan("CSSP")as such is described in Section 2.1.8 hereof,aze not within Developer's Section 3 responsibilities. Developer shall draft a Section 3 Plan in consultation with DHA and the HOPE VI Advisory Boazd which is subject to DHA approval that sets forth the manner in which the Developer shall implement and fulfill Section 3 requirements. DHA will be available to assist Developer in its efforts to provide resident contracting and employment opportunities and will, among other things, provide a list of residents interested in employment and/or enrolled in DHA programs designed to assist residents in obtaining employment. DHA will also provide Developer with a list of resident businesses and inform Developer of existing DHA programs that can assist Developer in meeting its goals. Developer agrees to provide monthly compliance reports to DHA and the City,or such other reports as may be required,comparing actual Section 3 employment and contracting results with the goals set forth in the Section 3 Plan and providing explanations for any failure to meet the Section 3 Plan goals. 2.1.8 Resident Programs. In addition to the Section 3 Plan,the Revitaliza.tion Plan contemplates the implementation of a comprehensive CSSP. DHA sha.11 be solely responsible for the funding and implementation of the CSSP. Developer shall not be responsible for funding and implementation of the CSSP, but Developer shall support and coordinate with the CSSP when reasonable and necessary and shall not engage in practices or activities that act in opposition to the goals and guidelines of the CSSP. In addition,DHA and the Developer agree that it is important to the success of the Phase II Homeownership Component and Phase III Homeownership Component to incorporate community involvement and leadership into the development effort. Accordingly, if Developer undertakes development of homeownership units, the Developer may partner with a suitable organization to facilitate the development and oversight of the Phase II Homeownership Component and Phase III Homeownership Component. If Developer undertalces Development of homeownership units, Developer shall identify and secure funding for homeownership programs which complement the CSSP in preparing potential home buyers for homeownership(the "Home Buyer Training Program"). Developer's obligation to implement the Home Buyer Training Program is contingent on its receiving full funding for such program. 2.1.9 Stakeholders. Developer shall,either through the Working Group or through a separate mechanism,work with the relevant Stakeholders in the planning and development process for appropriate Components of the Revitalization in meetings to be held no less than quarterly 11 INDY 1566592v.2