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� , . , <br /> HOME PROGRAM FY2000/Ol I <br /> COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO)AGREEMENT ; <br /> THIS AGREEMENT, entered into on the �.5f�t day of��YUU r� , 2002 by and between I�I <br /> the City of Decatur, Illinois, hereinafter called the "City", and Near Westside Restoration and I <br /> Preservation Society, organized under the laws of the State of Illinois, hereinafter called , <br /> ��NWRAPS". 'I <br /> WHEREAS, the City has entered into an agreement with the U.S. Department of Housing and I�I <br /> Urban Development,hereinafter called HUD , for the purpose of conducting a HOME Program, <br /> and whereas the City, as a condition of receiving HOME funds must reserve fifteen percent <br /> (15%) of the funds for housing to be developed or owned by a Community Housing <br /> Development Organization, hereinafter called "CHDO", and; whereas the City may commit ' <br /> additional HOME funds for CHDO projects; and whereas NWRAPS has been identified as a <br /> CHDO, subject to the terms and conditions stated below; and whereas NWRAPS submitted a <br /> proposal dated December 7. 2001 to conduct activities eligible under the HOME program <br /> guidelines and requested a grant of HOME funds to carry out the activities under the stated <br /> proposal. <br /> NOW, THEREFORE, the parties in consideration thereto mutually agree and convenant as <br /> follows: <br /> I. SCOPE OF SERVICE <br /> A. NWRAPS may receive up to $49,875.00 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$49,875.00. In addition to this, <br /> NWRAPS may receive up to $16,625.00 for operating expenses. <br /> B. NWRAPS shall use the funds as outlined in the proposal dated December 7, 2001 for <br /> eligible costs of pre-development, acquisition,rehabilitation, construction, soft costs and <br />' other eligible items associated with the projects. All additional sources of funds for the <br /> ro'ect must be confirmed rior to the start of the ro'ect. <br /> P J P P J <br /> C. NWRAPS shall not obligate or expend any funds under the terms of this agreement <br /> until a written Notice to Proceed is issued by the Neighborhood Services Department - <br /> Neighborhood Renewal Division of the City. <br /> II. REPORTING AND REIMBURSEMENT PROCEDURE <br /> A. Monthly Reporting. <br /> NWRAPS shall provide the City with monthly progress reports and financial <br /> reports. Monthly reports shall be submitted to the City by the tenth (l Oth)working day <br /> 1 <br />� - <br />