RES 81-061 REOLUTION AGREEING TO PARTICIPATE IN YEARS VII, IX, AND X IN THE CDBG PROGRAM

Home Browse Search

• in .42 CFR 507.102(b). The COUNTY shall develop these ratios based upon data to be furnished by HUD. The .COUNTY assumes no duty to gather...such_ - _ data independently and assumes no liability for any errors in the data furnished by HUD. In the event that CITY cannot commit, expend, does not apply for or cannot qualify for a community development block grant, or a portion thereof, COUNTY will within 60 days of the annual grant approval date, conduct a public hearing to reallocate the unexpended or unallocated grant funds to a Planning Area Contingency account. The reallocation will in- clude funds pursuant to Article IV paragraph A. 3. of this Agreement. COUNTY will inform each participating community of their Planning Area's Discretionary Grant account balance and will provide the opportunity to CITY to make application for all or a portion of the funds. All requests .for Planning Area Contingency account funds shall be submitted according to a COUNTY established application process and in a form prescribed by. COUNTY. VI. SPECIAL PROVISIONS Nothing in this Agreement shall be construed to prevent or otherwise modify or abrogate the right of CITY or COUNTY to. submit indivi- dual applications for discretionary funds in the event- COUNTY _does not receive designation- as- an urban countyunder the Act. • ' CITY and COUNTY mutually agree to indemnify and hold harmless each ,other .from any claims , losses, costs, expenses or damages resulting from the acts or omissions of their respective officers, ,agents and employees relating to activities conducted by either under this Agreement, the Act or the regulations. In the event there is a revision of the Act and/or Regulations which would make this Agreement out of compliance with the Act. and/or Regulations; both parties will review this Agreement and renegotiate those items necessary. to bring the Agreement into compliance. Both parties understand and agree that the refusal to renegotiate this Agreement will result in the effective termination of the Agreement as of the date it is no longer in .compliance with the Act and/or Regulations. VII. FINANCIAL MATTERS Reimbursement to the CITY for expenditures from implementation of activities funded under the Act shall be made upon receipt by the COUNTY of Summary of Project Disbursement form Hennepin County Warrant Request, and supporting documentation. All funds received by the COUNTY under the Act' as reimbursement for payment to the CITY for expenditure of local funds for activities funded under the-Act- shall be deposited in the County Treasury. CITY and COUNTY shall. maintain financial and other records and accounts in accordance with requirements of the Act and Regulations. Such records and accounts will be in such form as to permit reports required of the COUNTY to be prepared therefrom and to permit the tracing of grant funds and program income to final expenditure. CITY and COUNTY agree to make available all records and accounts with respect to matters covered by this Agreement at all reasonable times to their respective. personnel and. duly authorized federal officials. Such records shall be retained as provided by law, but in no event for a period of less than three years from the last receipt of program income resulting from activity implementation. COUNTY shall perform all audits of the basic grant amount and resulting program income as required under the Act and Regulations. All program income from activities funded in total or part from the basic grant amount received by CITY shall be returned to COUNTY.