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21 <br />this Agreement on behalf of COOPERATING UNIT. In such instances, a written Third Party <br />Agreement shall be duly executed between the agency and COOPERATING UNIT in a form <br />prescribed by COUNTY. <br />D. COOPERATING UNITS shall expend all funds annually allocated to activities pursuant to the <br />Subrecipient Agreement. <br />All funds not expended pursuant to the terms of the Subrecipient Agreement will be <br />relinquished to the COUNTY and will be transferred to a separate account for reallocation on <br />a competitive request for proposal basis at the discretion of the COUNTY where total of such <br />funds is $100,000 or greater. Amounts less than $100,000 shall be allocated by COUNTY to <br />other existing activities consistent with timeliness requirements and Consolidated Plan goals. <br />E. COUNTY and COOPERATING UNITS shall expend all program income pursuant to this Agreement <br />as provided below: <br />Program income from housing rehabilitation activities administered by the COUNTY will be <br />incorporated into a pool at the discretion of the COUNTY. The pool will be administered by <br />COUNTY and will be used for housing rehabilitation projects located throughout the entire <br />Urban County. When possible, COUNTY will give priority to funding housing rehabilitation <br />projects within the COOPERATING UNIT where the program income was generated. Funds <br />expended in this manner would be secured by a Repayment Agreement/Mortgage running in <br />favor of the COUNTY. Program income generated by certain COOPERATING UNITS that <br />administer their own housing rehabilitation activities may be retained by the COOPERATING <br />UNIT at its discretion; however, such COOPERATING UNITS will be bound by the <br />conditions of D.2., above. Only COOPERATING UNITS that were administering their own <br />activities pursuant to the Joint Cooperation Agreement pertaining to the HUD fiscal years <br />2012-2014 will be eligible to retain their program income. <br />2. COUNTY reserves the option to recapture program income generated by non -housing <br />rehabilitation activities if said funds have not been expended within twelve (12) months of <br />being generated. These funds shall be transferred to a separate account for reallocation on a <br />competitive request for proposal basis administered by COUNTY or, where the total of such <br />funds does not exceed $100,000, shall be reallocated by COUNTY to other existing activities <br />consistent with timeliness requirements and Consolidated Plan goals. <br />F. COOPERATING UNITS are encouraged to undertake joint activities involving the sharing of funding <br />when such action furthers the goals of the Consolidated Plan and meets the expenditure goals. <br />G. If COUNTY is notified by HUD that it has not met the performance standard for the timely <br />expenditure of funds at 24 CFR 570.902(a) and the COUNTY entitlement grant is reduced by HUD <br />according to its policy on corrective actions, then the basic grant amount to any COOPERATING <br />UNIT that has not met its expenditure goal shall be reduced accordingly. <br />H. COOPERATING UNIT will take actions necessary to assist in accomplishing the community <br />development program and housing goals, as contained in the Urban Hennepin County Consolidated <br />Plan. <br />1. COOPERATING UNIT shall ensure that all activities funded, in part or in full by grant funds received <br />pursuant to this Agreement, shall be undertaken affirmatively with regard to fair housing, employment <br />and business opportunities for minorities and women. It shall, in implementing all programs and/or <br />