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CONTRACT DESIGNATING THE CITY OF PLEASANTON <br /> AS A SUBRECIPIENT OF HOME FUNDS <br /> This AGREEMENT is made and entered into this day of 2010, by and <br /> between the CITY OF PLEASANTON, hereinafter called "City," and he COUNTY OF <br /> ALAMEDA,hereafter called 'County." <br /> WITNESSETH: <br /> WHEREAS the City and County have entered into a Cooperative Agreement to form the <br /> Alameda County HOME Consortium to qualify for HOME Investment Partnership Act funds, <br /> funded by the U.S. Department of Housing and Urban Development; and <br /> WHEREAS the County is the lead agency in the Consortium, designated by HUD as the HOME <br /> Participating Jurisdiction; and <br /> WHEREAS the City and the County have determined that it is mutually beneficial to have <br /> County disburse HOME funds for HOME-eligible activities in City; and <br /> WHEREAS the City must be designated a HOME Sub-recipient in order to directly execute (J'j <br /> contracts for HOME-funded activities; Ui <br /> NOW, THEREFORE, IT IS MUTUALLY AGREED AS FOLLOWS: ^� <br /> I. Upon execution of this Agreement, City shall be designated as a HOME Sub-recipient for <br /> 2010 fiscal year funds fur the purpose of administering HOME-eligible activities in the <br /> City, the funds for which shall be disbursed by the County. The maximum amount of <br /> fiscal year 2010 [-TOME funds covered by this agreement shall be $184,378. In the event <br /> that the HOME allocation to the Consortium is reduced by HUD, the City's allocation will <br /> be reduced proportionately. <br /> 2. As a sub-recipient, City may contract with other entities to perform HOME-eligible <br /> activities. HOME eligible activities City desires to engage in must be approved by County <br /> in advance of any contract being executed. County approval will be evidenced by a project <br /> approval letter to the City. <br /> 3. City agrees that any HOME-eligible activities funded through this Agreement shall be <br /> confirmed with a written contract that contains the provisions specified in 24 CFR Part <br /> 92.504. In addition, any contract made between City and another entity for the use of <br /> HOME funds pursuant to this Agreement shall comply with all applicable HOME <br /> regulations and shall be enforced by deed restriction. The form of the contract shall be <br /> approved by County in advance of its execution. A copy of all contracts for HOME- <br /> funded activities shall be sent to the County. <br /> 4. City agrees to abide by uniform administrative requirements stated in 24 CFR Part 92.505. <br /> O-ViCD1HOME\SUBRECIPIENT12010 subrecip agreemcnt.doe <br />