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AGREEMENT FOR TIlE EXECUTION OF A <br />HOME INVESTMENT PARTNERSHIPS PROGRAM <br /> <br /> This Agreement, made and entered into this 1st day of July 2003, by and between the City <br />of Concord, a municipal corporation organized and existing under the laws of the State of North <br />Carolina, and serving as the lead entity of the Cabarms/Iredell/Rowan HOME Consortium <br />(hereinafter "City"), and the C_ abarrus County, a body politic and incorporated under the laws of <br />the State of North Carolina (hereinafter "Agency") has been designated to receive $157,332.00 in <br />project funds and $14,682.00 for administrative costs; and <br /> <br />WITNESSETH: <br /> <br /> WHEREAS, the City has entered into an Agreement to receive funds f~)r a Home Investment <br />Partnerships Program (hereinafter" Funding Agreement") with the U. S. Department of Housing and <br />Urban Development (hereinafter "HUD"); and <br /> <br /> .WHEREAS, it is the purpose of this agreement to effect a specified portion of the program <br />approved by the Funding Agreement in accordance with the policies expressed by and declared in <br />Title ti of the National Affordable Housing Act of t 990, as amended (herginafter "Act"); and <br /> <br /> WHERAS, pursuant to said purpose the Agency is undertaking certain activities and desires <br />to engage the City to render certain assistance in such undertakings. <br /> <br /> NOW, THEREFORE, for valuable consideration and mutual promises exchanged between <br />the parties hereto, it is agreed as follows: <br /> <br />A. SCOPE OF SERVICES: <br /> <br />The services to be performed pursuant to this Agreement <br />(hereinafter "Project"), shall be those specifi6d in the Scope <br />of Services and under the Project Title(s): <br /> <br />County Wide Rehabilitation <br /> <br />in the Action Plan submitted by the City and approved by HUD <br />as that Action Plan now reads or as it may later be modified in <br />accordance with regulations promulgated by HUD. <br /> <br />The City may, t~om time to time, request changes in the scope of <br />sery. ice of the Agency to be performed hereunder. Such changes, <br />including any increase or decrease in the amount of the Agency's <br />compensation which is mu/zually agreed upon by and between the <br />City and the Agency, shall be incorporated in written amendments to <br />this Agreement. <br /> <br /> <br />