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CONTRACT DESIGNATING THE CITY OF PLEASANTON <br />AS A SUB-RECIPIENT OF HOME FUNDS <br /> <br />This AGREEMENT is made and entered into this 10th day of 5.agge, mh~1996, by and <br />between the CITY OF PLEASANTON, hereinafter called "City,H and the COUNTY OF <br />ALAMEDA, hereafter called "County.~ <br /> <br />WI4g. g3EAS 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 <br />the U.S. Department of Housing and Urban Development; and <br /> <br />WI-I~REAS the County is the lead agency in the Consortium, designated by HUD as the HOME <br />Participating Jurisdiction; and <br /> <br />WHFREAS 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 /> <br />WHEREAS the City must be designated a HOME Sub-recipient in order to directly execute <br />contracts for HOME-funded activities; <br /> <br />NOW, THEREFORE, IT IS MUTUALLY AGREED AS FOLLOWS: <br /> <br />Upon execution of this Agreement, City shall be designated as a HOME Sub-recipient for <br />1996 fiscal year funds for the purpose of administering HOME-eligible activities in the City, <br />the funds for which shall be disbursed by the County. The maximum amount of fiscal year <br />1996 HOME funds covered by this agreement shall be $151,600. In the event that the <br />HOME allocation to the Consortium is reduced by HUD, the city's allocation will be <br />reduced proportionately. <br /> <br />o <br /> <br />As a sub-recipient, City may contract with other entities to perform HOME-eligible <br />activities. HOME-eligible activities City desires to engage in must be approved by County <br />in advance of any contract be'rog executed. County approval will be evidenced by a project <br />approval letter to the City. <br /> <br />o <br /> <br />City agrees that any HOME-eligible activities funded through this Agreement shall be <br />confirmed with a written contract that contains the provisions specified 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 all applicable HOME <br />regulations and shall be enforced by deed restriction. The form of the contract shall be <br />approved by County in advance of its execution. A copy of all contracts for HOME-funded <br />activities shall be sent to the County. <br /> <br /> <br />