HOME CONSORTIUM HOME FUNDS 2014 - Laserfiche WebLink

to iss+ 1-/z4//ft 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 through this contract in compliance with the National Environmental Protection Act and 24 CFR 58 and the California Environmental Quality Act (CEQA) (the "Environmental Review"). Such reviews shall be sent to the County for County's review, approval and formal acceptance, prior to City entering into a commitment of HOME funds fur the subject activity. .6. After project or program approval and County approval of the Environmental Review, City may enter into a formal written agreement for the commitment of HOME funds. City agrees that any HOME-eligible activities funded through this Agreement shall be confirmed with a written contract that contains the provisions specified in 24 CFR Part 92.504. In addition, any contract made between City and another entity for the use of HOME funds pursuant to this Agreement shall 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 approved by County in advance of execution. A copy of all contracts for HOME-funded activities shall be sent to the County. 7. Once the City enters into a formal written agreement for the commitment of HOME funds, the County shall make funds available to the City by setting up the project in HUD's IDIS financial disbursement system and in the County's ALCO LINK accounting system. As the County must adhere to HUD's first-in, first-out requirement for the expenditure of HOME funds, the County reserves the right to allocate costs between grant years as required to effectively administer the HOME program. 8. Funds allocated to the City for Administration, as defined by HUD and within the amounts allocated by the County to City each year, are available to the City without the requirement of an application and formal commitment. All other funding expended under this Agreement must follow the procedures outlined in this Agreement. 9. City must commit funds under this Agreement to HOME eligible projects or programs within fifteen (15) months from the notice of allocation award by HUD (Notice: May 1, 2014; Commitment Date: August 31, 2015). Any funds remaining uncommitted at that time shall be placed in the HOME Construction Fund and distributed by County to finance HOME-eligible affordable housing projects. 10. City agrees 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