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.4 GREEMENT FOR THE EXECUTION OF A <br />HOME INVESTMENT PAR TNERSHIPS PROGRAM <br /> <br /> This Agreement, made and entered into this 1st day of July 1998, 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 Cabarrus/Iredell/Rowan HOME Consortium <br />(hereinafter "City"), and the Cabarrus County, a body politic and corporate, under the laws of <br />the State of North Carolina (hereinafter "Agency"). <br /> <br />WITNESSE TH: <br /> <br /> WHEREAS, the City has entered into an Agreement for a Home Investment Partnerships <br />Program (hereinafter "Funding Agreement") with the U. S. Department of Housing and Urban <br />Development (hereinafter "HUD"); and <br /> <br /> WHEREAS, it is the purpose of this agreement to effect a speci, fied 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 National Afforable Housing Act of 1990, as amended (hereinafter <br />"Act"); and <br /> <br /> WHERAS, pursuant to said purpose the Agency is undertaMng 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 OFSERVICES: <br /> <br />The services to be performed pursuant to this Agreement <br />(hereinafter "Project"), shall be those specified in the Scope <br />of Services and under the Project Title(s): <br /> <br />Housing 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 modifted in <br />accordance with regulations promulgated by HUD. <br /> <br />The City may, from time to time, request changes in the scope of <br />service 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 mutually agreed upon by and between the <br />City and the Agency, shall be incorporated in written amefidments to <br />this Agreement. <br /> <br /> <br />