5/15/1985 - Laserfiche WebLink

Home Browse Search

U IT e Grant Agreement U.s:Department of Housing and Urban Development Office of Community Planning and Development _I BOOK 60 'A" M ^6 i r I nis Grant Agreement Is made by and between the Department of Housing and Urban Development (HUD) and Indian River County (the Grantee) pursuant to the authority of Section 17 of the United States Housing Act of 1937 (42 USC 1437o). The Grantee's approved Program Description and the HUD regulations at 24 CFR Part 511 (as now in effect and as may be amended from time to time), which are incorporated by reference, together with the HUD Funding Approval Form 40015 and any special conditions, which are hereto attached, constitute part of this Agreement. In reliance upon and in consideration of the mutual representations and obligations hereunder, HUD and the Grantee agree as follows: 1. Subject to the provisions of this Grant Agreement, HUD will make the funding assistance for Fiscal Year 19 specified In the attached HUD Funding Approval Form 40015 available to the Grantee upon execution of the Agreement by the parties. 2. The obligation and utilization of the funding assistance provided is subject to the requirements of the regulations - and any special conditions set forth in the HUD Funding Approval Form 40015, Including the requirement for a release of funds by HUD under the Environmental Review Procedures at 24 CFR Part 58 for any activities requiring such release. 3. HUD's payment of funds under this Grant is also subject to the Grantee's compliance with HUD's electronic funds transfer and information reporting procedures Issued pursuant to 24 CFR 511.74. 4. To the extent authorized by the HUD regulations at 24 CFR Part 511.33 and 511.82, HUD may, by Its execution of an amendment to the HUD Funding Approval Form 40015 deobligate funds previously awarded to the grantee without the Grantee's execution of such form or other consent. Such a deobligation of Rental Rehabilitation Program grant funds may also cause a recapture of a commensurate amount of Section 8 Existing Certificate or voucher contract authority. 5. The Grantee further agrees to accept responsibility for adherence to the Agreement by subrecipient entities and property owners to which It makes funding assistance hereunder available. For. U S. Department of ousing and Urban Development Jacksonville: office B ` Title: Harry I. Sharrott Manager, 4.6S r: Gran By. Title: Chairman Patrick B. Lyo Board of Co. Commissio G0'o 911.716 Date: S May 15, 198` HUD -40015.1 (11-84) 24 CFR Part 511