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CONTRACT DESIGNATING THE CITY OF PLEASANTOiX <br /> AS A SUB.RECIPIENT OF HOME FUNDS <br /> <br />This AGREEMENT is made and entered into this ~r~ day of ~ ~__2005, by and <br />between the CITY OF PLEASANTON, hereinafter called "City," and he'COUNTY OF <br />ALAMEDA, hereafter called "County." <br /> <br /> WITNESSETH: <br /> <br />WHEREAS the City and County have entered into a Cooperative Agr~ :ment to form the <br />Alameda County HOME Consortium to qualify for HOME Investment Par :nership 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 i~UD as the HOME <br />Participating Jurisdiction; and <br /> <br /> WHEREAS the City and the County have determined that it is mutualb 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 or& to directly execute <br /> contracts for HOME-funded activities; <br /> <br /> NOW, THEREFORE, IT IS MUTUALLY AGREED AS FOLLOWS: <br /> <br /> 1. Upon execution of this Agreement, City shall be designated as a HOb IE Sub-recipient for <br /> 2005 fiscal year funds for the purpose of administering HOME-elig ble activities in the <br /> City, the funds for which shall be disbursed by the County. The n taximum amount of <br /> fiscal year 2005 HOME funds covered by this agreement shall be $11 ;8,566. In the event <br /> that the HOME allocation to the Consortium is reduced by HUD, the 2ity's allocation will <br /> be reduced proportionately. <br /> <br /> 2. As a sub-recipient, City may contract with other entities to perf)nn 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 e' ,idenced by a project <br /> approval letter to the City. <br /> <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 spec! fled 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 al applicable HOME <br /> regulations and shall be enforced by deed restriction. The form of :he contract shall be <br /> approved by County in advance of its execution. A copy of all ntracts for HOME- <br /> funded activities shall be sent to the County. <br /> <br /> 4. City agrees to abide by uniform administrative requirements stated in 24 CFR Part 92.505. <br /> G:XHCDXZiOME\SUBRECIPIEN1R2005 subrecip agreement, doc <br /> <br /> <br />