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; jI <br /> CONTRACT DESIGNATING THE CITY OF PLEASANTON <br /> AS A SUBRECIPIENT OF HOME FUNDS <br /> This SUBRECIPIENT AGREEMENT is made and entered into this 1st day of July 2014, by and <br /> between the CITY OF PLEASANTON, hereinafter called "City," and the COUNTY OF <br /> ALAMEDA, hereafter called "County." <br /> WITNESSETH: <br /> WHEREAS the City and County have entered into a Cooperative Agreement to form the Alameda <br /> County HOME Consortium to qualify for HOME Investment Partnership Act funds, funded by the <br /> 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 County <br /> 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 <br /> contracts for and implement HOME-funded activities within its jurisdiction; and <br /> WHEREAS, the City and County desire to enter into this Subrecipient Agreement (the I J <br /> "Agreement")for the purpose of designating the City a HOME subrecipient; <br /> NOW, THEREFORE, IT IS MUTUALLY AGREED AS FOLLOWS: <br /> A. STATEMENT OF WORK 4J <br /> I. The Term of this Agreement shall be from July 1, 2014 until June 30, 2018, or until all Cfa <br /> fiscal year 2014 HOME funds allocated to City for a project are disbursed to City, or for <br /> the duration of any regulatory agreement executed in conjunction with a project financed <br /> with fiscal year 2014 HOME funds,whichever is longer. <br /> B. COMMENCEMENT AND COMPLETION REQUIREMENTS <br /> 1. Upon execution of this Agreement, City shall be designated as a HOME Sub-recipient <br /> for 2014 fiscal year funds for the purpose of administering HOME-eligible activities in <br /> the City, the funds for which shall be disbursed by the County. <br /> 2. The maximum amount of HOME funds covered by this Agreement shall be <br /> $131,931.08, as set forth in the attached Exhibit A. In the event that HUD reduces the <br /> HOME allocation to the Consortium, or the City does not meet any deadline for <br /> commitment or expenditure of funds as established by the County, the City's allocation <br /> will be reduced accordingly. <br /> 3. As a sub-recipient, City is responsible for identifying, selecting and implementing <br /> HOME-eligible activities within its jurisdiction. This includes contracting for the <br /> performance of these activities with other entities for HOME-eligible activities. In its <br /> role as sub-recipient, City is responsible for fulfilling all of the requirements of the <br /> HOME program and for ensuring that HOME requirements are fulfilled by its <br />