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R97-119 AUTHORIZING AGREEMENTS
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R97-119 AUTHORIZING AGREEMENTS
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Last modified
4/18/2016 8:45:25 AM
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4/18/2016 8:45:25 AM
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Resolution/Ordinance
Res Ord Num
R97-119
Res Ord Title
AUTHORIZING AGREEMENTS - HOME PROGRAM 1996 - COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO)
Approved Date
8/18/1997
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�� 1 � � <br /> a. A separate account shall be established specifically <br /> for the HOME Program funds . <br /> b. Program income shall be identified separately and <br /> used prior to additional reimbursements by the City. <br /> c. Proper accounting shall be verified by an Annual <br /> Audit conducted by an independent, qualified auditor. <br /> Results of the Annual Audit shall be submitted to the <br /> City within 30 days after completion of the audit. <br /> 5 . NWRAPS shall adhere to all the requirements established by <br /> the federal government, State of Illinois, and the City as <br /> mandated in the applicable regulations, laws, codes and <br /> ordinances. <br /> 6 . NWRAPS shall have the discretion to select appropriate <br /> projects as determined by its Board of Directors and set <br /> policies associated with the development that are not in <br /> conflict with those identified in (5 . ) above. <br /> a. NWR.APS shall submit its annual projects in the RFP to <br /> the City for approval which would include proposed <br /> construction schedule, cost estimate and project <br /> location. NWR.APS shall submit documentation to the City <br /> for approval of: <br /> 1. A change in the project location; and <br /> 2 . Project drawdown, which would include a current <br /> real estate tax bill, sales agreement and/or <br /> appraisal, and title policy. <br /> 7. The City shall provide technical assistance to NWRAPS upon <br /> request to guide the organization in the proper administration <br /> of the HOME funds. <br /> 8 . The City may suspend or terminate payment of the project in <br /> whole or in part for cause. Cause shall include the following: <br /> a. Improper use of funds; <br /> b. Failure to comply with the terms and conditions of this <br /> Agreement; <br /> c. Failure to comply with HUD program guidelines . <br /> 2 <br />
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