CCP 04-24-2006 - Laserfiche WebLink

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. . . The Authority and Municipality will cooperate in establishing priorities and in preparation of the application for a grant. The Authority will prepare and submit to BUD and appropriate reviewing agencies, all necessary applications for a basic grant amount under the CDBG Act and the HOME Act. In preparing the grant application and allocating grant funds received, the Authority will consider projects proposed by the Municipality. The Authority reserves the right to propose projects which are both consistent with the mutually established goals, needs and priorities and within its statutory implementation authority. No Municipality shall be required to propose a project. The Authority shall have final responsibility for selecting projects and will distribute to the Municipality sucb funds as are detennined appropriate for the Municipality to use in implementing a project. The Authority may implement projects within the Municipality as are detennined appropriate by the Authority. 3. TERM The tcrm of this Agreement is for Fedcral Fiscal Years 2007 - 2009. The Agreement remains in effect until the CDBG and HOME funds and program income received with respect to activities carried out during tbe initial three year qualification period, and any successive qualification periods, are expended and the funded activities completed. Neither the Authority nor the Municipality may terminate or withdraw from this Agreement during that period. This Agreement will be automatically renewed for participation in successive three year qualification periods, unless the Authority or the Municipality provide written notice it elects not to participate in a new qualification period. By the date specified in HUD's urban county RESTATED JOINT COOPER.<\TION AGREEMENT Page 3 of7