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II . PURPOSE <br /> The purpose of this Agreement is to authorize COUNTY and COOPERATING <br /> UNIT to cooperate in undertaking, or assisting in undertaking, community <br /> renewal and lower income housing activities, specifically urban renewal and <br /> publicly assisted housing and authorizes COUNTY to carry out these .and other <br /> eligible activities which will be funded from annual Community Development <br /> Block Grants from Fiscal Years 1988, 1989 and 1990. <br /> III . AGREEMENT <br /> A. The term of this Agreement is for a period commencing on the <br /> effective date of October 1, 1987 , and terminating no sooner than <br /> the end of program year sixteen (XVI) covered by the Statement of <br /> Objectives and the Projected Use of Funds for the basic grant amount <br /> authorized by HUD subsequent to the effective date. <br /> B. Notwithstanding any other provision of this Agreement, this Agree- <br /> ment shall be terminated at the end of the three-year program period <br /> during which HUD withdraws its designation of COUNTY as an Urban <br /> County under the Act. <br /> C. This Agreement shall be executed by the appropriate officers of <br /> COOPERATING UNIT -and COUNTY pursuant to authority granted them by <br /> their respective governing bodies, and a copy of the authorizing <br /> resolution and executed Agreement shall be filed promptly by the <br /> .• COOPERATING UNIT in the office of the Hennepin County Administrator, <br /> and in no event shall the Agreement be filed later than August 28, <br /> 1987. <br /> IV. ACTIVITIES <br /> COOPERATING UNIT agrees that awarded grant funds will be used- to under- <br /> take and carry out within the terms of this Agreement certain projects <br /> involving one or more of the essential activities eligible for funding under <br /> the Act. COUNTY agrees and will assist COOPERATING UNIT in the undertaking <br /> of such essential activities by providing the services specified in this <br /> Agreement. The parties mutually agree to comply with all applicable require- <br /> ments of the Act and the Regulations and other relevant Federal and/or <br /> Minnesota statutes or regulations in the use of basic grant amounts. Nothing <br /> in this Article shall be construed to lessen or abrogate COUNTY's responsi- <br /> bility .to assume all obligations of an applicant under the Act, including the <br /> development of the Statement of Objectives and Projected Use of Funds pursu- <br /> ant to 24 CFR 570.300 et.se . <br /> A. COOPERATING UNIT further specifically agrees as follows: <br /> 1. COOPERATING UNIT will in accord with a COUNTY established <br /> schedule prepare and provide to COUNTY, in a prescribed form, an <br /> annual request for the use of Community 'Development Block Grant <br /> Funds consistent with this Agreement, program regulations and <br /> the Urban Hennepin County Statement of Objectives. <br /> • <br />