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A. COOPERATING UNIT will, in accord with a COUNTY- established schedule, prepare and provide <br />to the COUNTY, in a prescribed form, requests for the use of Community Development Block Grant <br />Funds consistent with this Agreement, program regulations and the Urban Hennepin County <br />Consolidated Plan. <br />B. COOPERATING UNIT acknowledges that, pursuant to 24 CFR §570.501 (b), it is subject to the <br />same requirements applicable to subrecipients, including the requirement for a written Subrecipient <br />Agreement set forth in 24 CFR §570.503. The Subrecipient Agreement will cover the <br />implementation requirements for each activity funded pursuant to this Agreement and shall be duly <br />executed with and in a form prescribed by the COUNTY. <br />C. COOPERATING UNIT acknowledges that it is subject to the same subrecipient requirements stated <br />in paragraph B above in instances where an. agency other than itself is undertaking an activity <br />pursuant to this Agreement on behalf of COOPERATING UNIT. In such instances, a written Third <br />Party 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 <br />on a competitive request for proposal basis at the discretion of the COUNTY where total of <br />such funds is $100,000 or greater. Amounts less than $100,000 shall be allocated by <br />COUNTY to other existing activities consistent with timeliness requirements and <br />Consolidated Plan goals. <br />E. COUNTY and COOPERATING UNITS shall expend all program income pursuant to this <br />Agreement as provided below: <br />Program income from housing rehabilitation activities administered by the COUNTY will <br />be incorporated into a pool at the discretion of the COUNTY. The pool will be administered <br />by COUNTY and will be used for housing rehabilitation projects located throughout the <br />entire Urban County. When possible, COUNTY will give priority to funding housing <br />rehabilitation projects within the COOPERATING UNIT where the program income was <br />generated. Funds expended in this manner would be secured by a Repayment <br />Agreement/Mortgage running in favor of the COUNTY. Program income generated by <br />METROPOLITAN CITY COOPERATING UNITS that administer their own housing <br />rehabilitation activities may be retained by the COOPERATING UNIT at its discretion. <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 <br />a competitive request for proposal basis administered by COUNTY or, where the total of <br />such funds does not exceed $100,000, shall be reallocated by COUNTY to other existing <br />activities consistent with timeliness requirements and Consolidated Plan goals. <br />COOPERATING UNITS are encouraged to undertake joint activities involving the sharing of <br />funding when such action furthers the goals of the Consolidated Plan and meets the expenditure <br />goals. <br />