RES 282 Draft 01 2012-2014 - Laserfiche WebLink

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2. Section F, Allocation of HOME Program Funds, on page 4 of the FY 2012 HOME State Recipient Agreement is hereby amended and restated in its entirety as follows: 1. Amount of HOME Program Funds to be Allocated to the County The total amount of HOME Program funds to be allocated to the County under this Agreement shall be Three Million Three Hundred Nineteen Thousand Four Hundred Forty One Dollars ($3,319,441.00). The County must utilize no less than Eight Hundred Forty Four Thousand Four Hundred Forty One Dollars ($844,441.00) of the $3,319,441.00 for a CHDO activity under the HOME Program. The County may utilize no more than Two Hundred Twenty-Five Thousand Dollars ($225,000.00) of the $3,319,441.00 for the administration of the HOME Program. All the other terms and conditions of the Allocation of HOME Program Funds shall remain the same. 3. Section I, Time of Performance, on page 8 of the FY 2012 HOME State Recipient Agreement is hereby amended to add the following: The Community Housing Development Organization (CHDO) Reserve (CR) funds provided by this amendment in the amount of$394,441.00 must meet the following expenditure deadlines: FY 2009 CR Funds in the amount of$92,199.00 must be expended in whole no later than August 30, 2014 FY 2010 CR Funds in the amount of$152,186.00 must be expended in whole no later than June 30, 2015 FY 2011 CR Funds in the amount of$150,056.00 must be expended in whole no later than July 15, 2016 All the other terms and conditions of the Time of Performance shall remain the same. 4. The FY 2012 HOME State Recipient Agreement, as amended hereby, is hereby ratified and confirmed by the County and HHFDC.