Laserfiche WebLink
A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J . K. BARTON , CLERK <br /> SECTION 2, NIEM 3ERS OF CONSORTI M <br /> Indian River, Martin and St. Lucie Counties, Florida are the members of the Consortium and <br /> upon mutual execution of this Agreement by the parties, the "Treasure Coast HOME <br /> Consortium" , hereinafter referred to as "Consortium", shall be formed . The members shall <br /> remain bound by the terms and conditions of this Agreement for its duration, and shall be <br /> prohibited from withdrawing from the Consortium during such period, except as provided for in <br /> Section 8 of this Agreement. The Consortium Agreement remains in effect until the HOME <br /> funds from each of the Federal fiscal years of the qualification period are expended for eligible <br /> activities . No consortium member may withdraw from the Agreement while the Agreement <br /> remains in effect. <br /> SECTION 3 . STATUS OF CONSORTIUM <br /> The Consortium shall be considered a unit of local government for purposes of the HOME <br /> Investment Partnerships Act upon designation by HUD . <br /> SECTION 4 LEAD AGENCY/(Lead County) <br /> St. Lucie County shall be the member unit of government authorized to act in a representative <br /> capacity with respect to HUD on behalf of all members of the Consortium. St. Lucie County <br /> shall only be a representative of the Consortium for the purposes established in this agreement <br /> and shall be the lead entity having overall responsibility for ensuring the Consortium' s HOME <br /> Program is carried out in compliance with requirements of the HOME Program, including <br /> requirements concerning a Consolidated Plan in accordance with HUD regulations in 24 CFR <br /> Parts 92 and 91 , respectively, and the requirements of 24 CFR Part 92 . 350 . No party shall have <br /> veto power as to the implementation of the Consortium Consolidated Plan, hereinafter referred to <br /> as the "Consolidated Plan", and the parties agree to act in cooperation to achieve the goals <br /> established in the Consolidated Plan. <br /> SECTION 5. CONSOLIDATED PLAN <br /> The Counties shall cooperate in the preparation of the Consolidated Plan, which shall apply to <br /> the Counties and which shall meet the requirements of applicable Federal Regulations . <br /> SECTION 6. ALLOCATION OF FUNDING <br /> Allocation of HOME funds allowed for administration, shall be based on the existing HOME <br /> funds percentage allocation process with respect to the annual HOME allocation provided by the <br /> U. S . Department of Housing and Urban Development for the Consortium, except that St. Lucie <br /> County as lead entity shall be entitled up to 20% of the HOME funds allowed for administration. <br /> The implementation of the Consolidated Plan and the allocation of Federal HOME funding <br /> associated therewith shall be established by written memoranda issued by St. Lucie County <br /> through its authorized representative. The Counties shall be responsible for administering, <br /> respectively, the HOME Program funds distributed to each. The Consortium members reserve <br />