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JUA-0-0 1WVK 1 .03 fX t,111 B1F41411=t /LEURL PRA XV. LllizL° IJL r' � <br /> kn' c�1 <br /> CONTRACTUAL AGREEMENT R PROFESSIONAL SERVICES <br /> BE EN <br /> THE "f'OR DECATUR. <br /> TSE <br /> COMMUNITY VNESTMENT CORPORA71ON <br /> OF DECATUX INC. <br /> TMS AGRIE'.Elvtl~:NT,enWW this 7th day of Jmwy, 1997 by and betw=the City ofDocatur, <br /> Illinois Owm called the "City" Community Investment Corporation of Decattu, Inc, (heroin <br /> called the"CICD"). <br /> WHEREAS,the primary foto of the CICD is to retain and expand the emnomic and tax base of <br /> Dec2tur, so as to provide increased ernploym ont opportunities, affordable houms'opportunities <br /> and neighborhood improvements through the provision-of financial, technical, advisory and other <br /> assistance to individuals and Mies focusing on inner city redevelopment, and; <br /> wiMMAS,the <br /> City vAshes to aWSo the CICD to assist the City in neighborhood and business <br /> development projects which will benefit Decatur, <br /> NOW,TlEaREFORE,it is agreed between the parties herew a at; <br /> ___.1 SCOPE OF SMVId <br /> A. <br /> The CICD will, be responsible for"administering current and future HONE funds for the <br /> purpose of selection of the participating Community Housing Development Organ unWon(CHDO) <br /> and for providing technical assistance to the O's. <br /> I. Actions by the CICD <br /> A. The CIC? %rl'cmTo that all op=tions of*.he C IDC ProWam ase in such <br /> a manner as to be in compliance with all applicable federal,.state and local <br /> lawns and regulations. <br /> B. The CICD will assuttte all responsibilities for the selection of the C1 DO <br /> and monitoring for compliance; program guidelines, and all otber <br /> administrative activities related to the operations of a CADO. <br /> C. The CICD Housing and Neighborhood Committee will provide appropriate <br /> community overd&M related to operations, management, guidelines and <br /> financial aspects of the CBDO. <br /> 1 <br />