R2003-30 AUTHORIZING AGREEMENTS - Laserfiche WebLink

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behind the established schedule, without NWRAPS having provided an acceptable written explanation to the City, is considered delinquent. The city will then issue a letter requesting an immediate explanation and/or requesting a meeting to review the project with NWRAPS. If NWRAPS fails to either respond to the letter or to remedy the situation as agreed to in the review meeting within 30 days, the City may suspend all further payouts of HOME funding requests for that proj ect. D. Project Closeout/Final Payment The City reserves the right to withhold up to the final ten percent (10%) of total reimbursement on a project until all closeout documentation is received. Closeout documentation shall consist of: completed Property Resale Information Sheet, lien/deed restrictions, final payout requests, final properiy inspection sheets, and certificate of occupancy. E. Termination of Project Funding The City reserves the right to suspend or terminate payment of reimbursement requests for a project in whole or in part for cause. Cause shall include the following: (1) Improper use of funds; (2)Failure to comply with the terms and conditions of this Agreement, including those specified in item C. above; (3)Failure to comply with HUD program guidelines. The City shall notify NWRAPS before any such termination takes place and allow opportunity for review and correction of problems. If termination of the project is then determined to be necessary, repayment of the total amount of HOME funds expended on the project shall be made to the City prior to the end of that current fiscal year. F. Property Standards NWRAPS shall ensure that all housing it constructs or rehabilitates with HOME funds meets all applicable local codes,rehabilitation standards, HUD Housing Quality Standards (HQS), ordinances, and zoning ordinances at the time of project completion. NWRAPS shall comply with the standards set forth by the City of Decatur for either new construction or existing housing, depending on the type of proj ect it is undertaking. Payout requests for work requiring mechanical, electrical, or plumbing inspections shall not be processed without documentation that the applicable permits have been received and required inspections conducted. G. Affordability Requirements Any project undertaken under the terms of this agreement must comply with the periods of affordability as stated in the federal regulations for use of HOME funds, 24 CFR 92.254(a). Specifically, HOME-assisted housing units must be acquired by a homebuyer whose family qualifies as a low- or moderate-income and the housing must be the principal residence of the family throughout the affordability period. The unit must 4