CC PACKET 04131993 - Laserfiche WebLink

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E. "Statement of Objectives and Projected Use of Funds" means the document bearing that title or similarly required statements or documents submitted to HUD for authorization to expend the annual grant amount and which is developed by the COUNTY in conjunction with COOPERATING UNITS as part of the Community Development Block Grant program. F. "Metropolitan City" means any city located in whole or in part in Hennepin County which is certified by HUD to have a population of 50,000 or more people. II. PURPOSE The purpose of this Agreement is to authorize COUNTY and COOPERATING UNIT to cooperate to undertake, or assist in undertaking, community renewal and lower income housing assistance activities, specifically urban renewal and publicly assisted housing and authorizes COUNTY to carry out these and other eligible activities for the benefit of eligible recipients who reside within the corporate limits of the COOPERATING UNIT which will be funded from annual Community Development Block Grant and HOME appropriations for the Federal Fiscal Years 1994, 1995 and 1996 and from any program income generated from the expenditure of such funds. III. AGREEMENT The term of this Agreement is for a period commencing on October 1, 1993, and terminating no sooner than the end of the program year covered by the Statement of Objectives and Projected Use of Funds for the basic grant amount for the Fiscal Year 1996, as authorized by HUD, and for such additional time as may be required for the expenditure of funds granted to the County for such period. COUNTY shall notify COOPERATING UNIT prior to the end of the Urban County qualification period that the Agreement will automatically be renewed unless it is terminated in writing by either party. Either COUNTY or COOPERATING UNIT may exercise the option to terminate the Agreement at the end of the Urban County qualification period. If COUNTY or COOPERATING UNIT fail to exercise that option, it will not have the opportunity to exercise that option until the end of a subsequent Urban County qualification period. COUNTY will notify the COOPERATING UNIT in writing of its right to elect to be excluded by the date specified by HUD in the Urban County Qualification Notice for the next qualification period. This Agreement must be amended by written agreement of- all parties to incorporate any changes necessary to meet the requirements for cooperation agreements set forth in the Urban County Qualification Notice applicable for the year in which the next qualification of the County is scheduled. Failure by either party to adopt such an amendment to the Agreement shall automatically terminate the Agreement following the expenditure of all CDBG and HOME funds allocated for use in COOPERATING UNIT's jurisdiction. - Notwithstanding any other provision of this Agreement, this Agreement may be terminated at the end of 'the program period during which HUD withdraws its designation of COUNTY as an Urban County under the Act. 2