HOME CONSORTIUM HOME FUNDS 2014 - Laserfiche WebLink

contractors, as applicable. 4. Any HOME eligible activities that the City desires to engage in must be approved by County in advance of any commitment of funds from the City to another entity. The City is responsible for submission of an Application to the County. County approval will be evidenced by a project approval letter to the City. County will notify City of any disapproved Applications or modifications needed for approval. 5. Once an application is submitted, City shall be responsible for conducting the environmental review of any project or program assisted throu• this contract in compliance with the National Environmental Protection Act an. 4 CFR 58 and the California Environmental Quality Act (CEQA) (the "Environ •ental Review"). Such reviews shall be sent to the County for County's review, appro .1 and formal acceptance, prior to City entering into a commitment of HOME funds lb, the subject activity. 6. After project or program approval and County approv. of the Environmental Review, City may enter into a formal written agreement for e commitment of HOME funds. City agrees that any HOME-eligible activities funded through this Agreement shall be confirmed with a written contract that contains t• - provisions specified in 24 CFR Part 92.504. In addition, any contract made betwe• City and another entity for the use of HOME funds pursuant to this Agreement all comply with all applicable HOME regulations and shall be enforced by deed restriction, where applicable. The form of the contract and deed restriction shall be app .ved by County in advance of execution. A copy of all contracts for HOME-funded . tivities shall be sent to the County. 7. Once the City enters into a formal - ritten agreement for the commitment of HOME funds, the County shall make fun. available to the City by setting up the project in HUD's IDIS financial disburs-. ent system and in the County's ALCO LINK accounting system. As the Co ty must adhere to HUD's first-in, first-out requirement for the expenditure of HOM r funds, the County reserves the right to allocate costs between grant years as requi d to effectively administer the HOME program. 8. Funds allocated to the city for Administration, as defined by HUD and within the amounts allocated by t County to City each year, are available to the City without the requirement of an ap, ication and formal commitment. All other funding expended under this Agreeme must follow the procedures outlined in this Agreement. 9. City must commi funds under this Agreement to HOME eligible projects or programs within fifteen (1 months from the notice of allocation award by HUD (Notice: May 30, 2014; Commit ,ent Date: August 29, 2015). Any funds remaining uncommitted at that time shall be 'laced in the HOME Construction Fund and distributed by County to finance HO -eligible affordable housing projects. 10. City agre to abide by uniform administrative requirements stated in 24 CFR Part 92.505. 11. To comply with the HOME regulation that funds be spent within 15 days of disbursement, City shall request reimbursement of incidental expenditures. In the case of a known large expense, City may request, in writing, from the County an