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<br />Exhibit A-1 <br />HCS-23-42-2002-198(1) <br />City of Everett <br /> Page 16 of 24 <br /> <br />a. The Project terminates before completion, voluntarily or involuntarily; or <br /> <br />b. The Agency’s Community Housing Improvement Program or the Agency <br />itself ceases to exist; or <br /> <br />c. This Agreement between the County and the Agency is terminated. <br /> <br />2. To the extent there are pending loans to be made at the time of any such <br />occurrence, the Agency shall either make the pending loans and <br />subsequently transfer the loans to the County, or notify the County that it <br />will transfer to the County the full balance of such funds so that the County <br />may close the pending loans. <br /> <br />3. The Agency shall return or repay to the County all HOME funds disbursed <br />to it under this Agreement upon the occurrence of any of the following <br />events: <br /> <br />a. The housing in which HOME funds are invested does not meet the post- <br />rehabilitation actual value specified in 24 CFR § 92.254(b)(1), <br />PROVIDED, HOWEVER, that the Agency need only return or repay <br />HOME funds attributable to the particular housing not meeting such <br />affordability requirements; or <br /> <br />b. The Agency has received HOME funds pursuant to this Agreement to <br />pay or reimburse it for activities subsequently found to be ineligible for <br />funding, PROVIDED, HOWEVER, that the Agency need only return or <br />repay HOME funds attributable to the ineligible activity; <br /> <br />c. The HOME funds disbursed by the County are not used in accordance <br />with HOME Program requirements and this Agreement, PROVIDED, <br />that the Agency need only return or repay HOME funds attributable to <br />activities not undertaken in accordance with HOME Program <br />requirements or this Agreement. <br /> <br />d. If overpayments are made solely to the extent of the overpayment. <br /> <br /> Any HOME funds to be returned or repaid to the County must be repaid to <br />the County’s HOME Fund local account. <br /> <br />E. Reversion of Assets <br /> <br /> All unexpended funds authorized by the Project Budget (Exhibit C) upon <br />closeout of the Agreement shall revert to the Snohomish County HOME