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<br />AGREEMENT FOR THE ADMINISTRATION OF A <br />HOME INVESTMENT PARTNERSHIPS PROGRAM <br /> <br />This Agreement, made and entered into this day, by July 1, 2006 and between the City of <br />Concord, a municipal corporation organized and existing under the laws ofthe State of North <br />Carolina, and serving as the lead entity of the CabarruslIredelllRowan HOME Consortium <br />(hereinafter "City"), and Cabarrus County, a body politic and incorporated under the laws of the <br />State of North Carolina (hereinafter "Agency") has been designated to receive $124,893.00 in <br />project funds and $10,824.00 for administrative costs; and <br /> <br />WITNESSETH: <br /> <br />WHEREAS, the City has entered into an Agreement to receive funds for a Home <br />Investment Partnerships Program (hereinafter "Funding Agreement") with the u.S. Department <br />of Housing and Urban Development (hereinafter "HUD"); and <br /> <br />WHEREAS, it is the purpose of this agreement to effect a specified portion of the <br />program approved by the Funding Agreement in accordance with the policies expressed by and <br />declared in Title II of the Cranston-Gonzalez National Affordable Housing Act, as amended <br />(hereinafter "Act"); and <br /> <br />WHEREAS, pursuant to said purpose the Agency is undertaking certain activities and <br />desires to engage the City to render certain assistance in such undertakings. <br /> <br />NOW, THEREFORE, for valuable consideration and mutual promises exchanged <br />between the parties hereto, it is agreed as follows: <br /> <br />A. SCOPE OF SERVICES: <br /> <br />l. The services to be performed pursuant to this Agreement (hereinafter "Project"), <br />shall be those specified in the Scope of Services and under the Project TitJe(s): <br /> <br />Owner Occupied Rehabilitation <br /> <br />in the Action Plan submitted by the City and approved by HUD as that Action <br />Plan now reads or as it may later be modified in accordance with regulations <br />promulgated byHUD. <br /> <br />2. The City may, from time to time, request changes in the scope of service of the <br />Agency to be performed hereunder. Such changes, including any increase or <br />decrease in the amount of the Agency's compensation which is mutually agreed <br />upon by and between the City and the Agency, shall be incorporated in written <br />amendments to the Agreement. <br /> <br />3. The City shall certify the Agency's projects as compliant with all environmental <br />requirements of24 CFR 58, et seq, provided that the Agency a) Fully comply <br />with the requirements of 24 CFR 58, et seq., and b) Allow the City at least 30 <br />days to review all environmental assessments, environmental impact statements, <br />studies and requests for payment; and c) Agree to indemnify the City for the <br /> <br />r. 34- <br />