AG 2002 05 20 (Regular) - Laserfiche WebLink

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CABARRUS/IREDELL/ROWAN CONSORTIUM JOINT COOPERATION AGREEMENT FOR HOME INVESTMENT PARTNERSHIP ACT HOME INVESTMENT IN AFFORDABLE HOUSING THIS AGREEMENT, entered into this day o 02, bY and between the unincorporated area of the County of Cabarrus, the unincorporated area of the County of Iredell, the unincorporated area of the County of Rowan, (herein called the Counties), the Towns of Mooresville and Davidson, the Cities of Statesville, Salisbury, Kannapolis and the City of Concord, (herein called the "Lead Entity") and herein known as Cooperating Units, said parties to the agreement each being a general local governmental unit of the State of North Carolina, and is made pursuant to North Carolina statutes, Article 20 of Chapter 160A. WITNESSETH THAT: WHEREAS, The Cranston-Gonzalez National Affordable Housing Act of 1990 (herein called the "Act") makes provisions whereby urban counties may enter into cooperation agreements with certain units of local government to undertake or assist in undertaking affordable housing pursuant to the HOME Investment Partnership Act; and WHEREAS, it is the desire of the parties that beginning in Fiscal Year 2002, the Lead Entity act in a representative capacity for all cooperating members of local government and desires that the Lead Entity assume overall responsibility for ensuring that the activities of the Consortia for the HOME Program are carried out in compliance with the requirements of this Act. NOW, THEREFORE, the parties hereto do mutually agree as follows: 1. The parties agree to cooperate to undertake or to assist in undertaking housing assistance activities for the HOME Program. The Counties and Cooperating Units hereby authorize the Lead Entity to submit for and receive HOME funding from the United States Department of Housing and Urban Development. The Lead Entity is authorized to act in a representative capacity for all Counties and Cooperating Units for purposes of the HOME Program. 2. The Counties and Cooperating Units hereby authorize the Lead Entity to establish a local HOME Investment Trust fund for receipt of HOME funds and repayments. 3. The Lead Entity, Counties and Cooperating Units shall cooperate in the implementation of the HOME Program and shall cooperate in the preparation .of the Consolidated Plan by providing to the Lead Entity all pertinent and necessary information. The Counties and Cooperating Units shall execute and submit the required certifications, and shall prepare and submit its plan for monitoring compliance with the Consolidated .Plan. The Lead Entity assumes overall responsibility for ensuring that the Consortium's HOME Program is carried out in compliance with the requirements of the HOME Program, including requirements concerning a Consolidated Plan in accordance with HUD regulations in 24 CFR Parts 92 and 91, respectively, and the requirements of 24 CFR 92.350 (a) (5).