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< < . <br /> b. Program income shall be identified separately and used prior to additional <br /> reimbursements by the City. <br /> c. Proper accounting shall be verified by an Annual Audit conducted by an <br /> independent, qualified auditor. Results of the Annual Audit shall be <br /> submitted to the City within 30 days after completion of the audit. <br /> 5. NHDC shall adhere to all the requirements established by the federal government, State <br /> of Illinois, and City of Decatur as mandated in the federal, state and local reguladons, <br /> laws, codes and ordinances. <br /> 6. NHDC shall have the discretion to select appropriate projects as determined by its board <br /> of directors and set policies associatetl with the development that are not in conflict with <br /> any City, State of Illinois, federal, or HOME reguladons, laws, codes and ordinances. <br /> a. NHDC shall submit its annual projects in the RFP to the City for approval <br /> which would include proposed construction schedule, cost estimate and <br /> project location. NHDC shall submit documentation to the City for <br /> approval of: <br /> 1. A change in project location. <br /> 2. Project drawdown, which would include a current real estate tax <br /> bill, sales agreement and/or appraisal, and title policy. <br /> 7. The City shall provide technical assistance to NHDC to guide the organization in the <br /> proper administration of the HOME funds. <br /> 8. The City shall provide funds to NHDC in a prompt and efficient HUD approved manner. <br /> 9. The City may suspend or terminate payment of the project in whole or in part for cause. <br /> Cause shall include the following: <br /> A. Improper use of Project funds. <br /> B. Failure to comply with the terms and conditions of this Agreement. <br /> C. Failure to comply with HUD program guidelines. <br />