R93-87 AUTHORIZING AGREEMENT - HOME SUBRECIPIENT AGREEMENT

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, meetings. Said Housing Committee will review program guidelines; however, all loans shall be approved by the Community Development staff. Any exceptions to the guidelines will be approved by the CICD. E. The CICD will cooperate with the City of Decatur in preparing and making any reports to other parties as appropriate and necessary for activities conducted under this agreement. II. Actions by the City A. The City shall conduct and complete Environmental Review Reports and Historical Review required for federal compliance under Title II. B. The City via the Community Development staff shall accept applications, conduct construction inspections, verify information, approve loans, conduct loan closings, service loans, and initiate collection proceedings. C. The City via the Community Development staff shall provide the monthly progress report on activities associated with the HOME Program, repayment status, and loans in process. D. The City shall maintain all project files and legally binding documents. They shall make available to the CICD President upon request. 2 . TIME OF PERFORMANCE Services of the Subrecipient shall begin when authorized by all parties below. Program income shall be accounted for an- nually, and shall be used only for the identified HOME program purposes. Either party of this agreement may terminate the same by providing written notice served personally or by certified mail on the other party and setting out a termination date of not less than sixty (60) days from the date of receipt of said notice. In the event that no notice of termination be served by either party to this agreement, this agreement will automatically renew itself for consecutive period of one (1) year each. 3 . PAYMENT It is expressly agreed and understood that the total amount to be paid by the City under this contract shall not exceed 2