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� , . ,� . , <br /> HOME PROGRAM- 1999-2000 <br /> COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) AGREEMENT <br /> This Agreement entered into by and between the City of Decatur, Illinois,hereinafter called the <br /> "City", and Near Westside Restoration and Preservation Society, organized under the laws of the <br /> State of Illinois, hereinafter called "NWRAPS". <br /> WHEREAS,the City has entered into an agreement with the U.S. Department of Housing and <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 4/3/00 to rehabilitate units of housing and requested a grant of HOME funds not <br /> to exceed $34,807 to fund the activity under the stated proposal. <br /> NOW, THEREFORE,the parties in consideration thereto mutually agree and convenant as <br /> follows: <br /> 1. NWRAPS may receive up to $34,800 from the City under the HOME Program to <br /> implement the proposed rehabilitation. The proposed funding will be dispersed <br /> based upon actual project expenditures, for a total not to exceed the grant amount <br /> of$34,800. In addition to this,NWRAPS may receive up to $11,900 for operating <br /> expenses. <br /> 2. NWRAPS shall use the funds as outlined in the proposal dated 4/3/00 for <br /> eligible costs of predevelopment, acquisition,rehabilitation, soft costs and other <br /> eligible items associated with the projects. All additional sources of funds for the <br /> project must be confirtned prior to the start of the project. <br /> 3. NWRAPS shall provide the City with monthly progress reports and monthly financial <br /> reports. <br /> a. Monthly reports shall be submitted to the City by the fifth(Sth)working day <br /> of the succeeding calendar month. <br /> b. Reimbursements to NWRAPS will be made upon receipt by the City of the <br /> monthly progress and financial reports and all supporting documentation. <br /> Supporting documentation shall include, but not be limited to: <br /> 1) Lien wavers, canceled checks and receipts for payment. <br /> -1- <br />