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10. <br /> <br />11. <br /> <br />12. <br /> <br />13. <br /> <br />14. <br /> <br />15. <br /> <br />The County will act as lead agency overseeing Allied Housing's acquisition and <br />development of the Property and will administer on behalf of the PPJs HOME funds. <br /> <br />The County of Alameda will contribute a total of $1,749,999 from a variety of sources <br />for the acquisition and development of the Property. <br /> <br />The City of Fremont will contribute a total of $250,000 of HOME funds for the <br />development of the Property. <br /> <br />The City of Pleasanton will contribute a total of $80,000 of HOME funds for the <br />development of the Property. <br /> <br />All funds covered by this Agreement will be disbursed at the close of the construction <br />loan. <br /> <br />It is the responsibility of the County to notify other PPJs of any changes to the budget for <br />the acquisition and development of the Property. All participants in the PPJ must agree <br />to any increases in the budget. <br /> <br />The County, in its role as lead agency, will comply with appropriate Federal, State, and <br />Local regulations, prepare all documentation and undertake monitoring responsibilities <br />required for completion of the project, including regulations regarding Environmental <br />Review, Relocation, and Federal Labor standards. <br /> <br />The County will retain and make available documents relating to the development of the <br />Property readily accessible to the other PPJs for at least ten years from the date of Notice <br />of Completion. <br /> <br />The County will record one Deed of Trust and one Regulatory Agreement restricting the <br />Property on behalf of the Participating Public Jurisdictions. <br /> <br />The Regulatory Agreement will cover, but not be limited to, conditions related to <br />Occupancy Standards, Rent Restrictions, Reporting Requirements, Change of Use, and <br />Property Disposition. The Regulatory Agreement shall be between the County and <br />Allied. The PPJs authorize the County to act in accordance with the Regulatory <br />Agreement on thek behalf. <br /> <br />The County shall monitor the performance of Allied under the Regulatory Agreement and <br />shall be responsible for its enforcement. The County will notify the other Participating <br />Public Jurisdictions of any failure by Allied Housing to act in accordance with the <br />Regulatory Agreement. Amendments and alterations in the Regulatory Agreement may <br />be made only by written consent of a designee from each PPJ. <br /> <br />The City of Fremont agrees to hold harmless and indenmify the City of Pleasanton and <br /> <br />Page 2 of 7 <br /> <br /> <br />