2007/05/16 Council Agenda Packet

r. The Agency shall repay to the City HOME and ADDI funds disbursed to it under this Agreement, upon the occurrence of any of the following events: 1 . The housing in which HOME and ADDI funds are invested does not meet the affordability requirements for the period specified in Sec 92.252.or Sec 92.254 ; provided that the Agency need only repay the amount of the reimbursement for the particular housing not meeting such affordability requirements or 2. The Project receives funds pursuant to this Agreement to reimburse it for activities subsequently found to be ineligible for funding; provided that, the Agency need only repay the amount of the reimbursement for the ineligible activity; or 3. The HOME or ADDI funds disbursed by the City are not used in accordance with program requirements and this Agreement provided that, the Agency need only repay the amount of the funds not used in accordance with program requirements and this Agreement. Any HOME funds to be returned to the City must be repaid to the City's HOME Fund local account. If the City is no longer in a consortium agreement with Snohomish County when the repayment is made, then the funds shall be remitted to Snohomish County. E. Reversion of Assets Upon termination or expiration of this Agreement, the Agency shall, pursuant to Section IV-H-4 of this Agreement, transfer to the City (i) any HOME or ADDI funds on hand at the time of such termination or expiration and (ii) its rights in any accounts receivable attributable to the use of HOME or ADDI funds. F. Certification Regarding Lobbying The Agency shall comply with Attachment H, which is incorporated herein by this reference, concerning prohibitions and requirements for disclosure and certification related to lobbying. G. Limitation on Consultant Compensation The rate of compensation of certain persons providing consultant services shall be limited as provided by 24 CFR § 92.358. HOME and ADDI Agreement between City of Everett and HomeSight 15