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<br />Consortium Agreement for the purpose of participating in the Federal HOME <br />Program and receiving funds as authorized in the Federal Program Regulations. <br />G. "Federal Program Requirements" means documents issued by the U.S. <br />Department of Housing and Urban Development describing the regulations and <br />requirements of the HOME Program in order for funds to be awarded to <br />participating jurisdictions as authorized in the Act. <br />Section II. Purpose <br />This Agreement is to form a Consortium of units of general local government within <br />Orange County for designation as a Federal HUD Consortium under the Act and the <br />Federal Program Requirements of the Act. The said Consortium is known and hereinafter <br />may be referred to as the Orange County HOME Consortium (hereinafter "OHC"). <br />Section III. Agreement. <br />A. The term of this Agreement begins with the effective date. of July 1, 1999 and <br />ends June 30, 2002. Subject to the requirements of Paragraph D of this Section, <br />the County and Towns agree that the terms of this Agreement cover the period <br />necessary to carry out all activities that will be funded from funds awarded during <br />three federal fiscal years (2000, 2001, 2002) and that all members of OHC will <br />remain in OHC for the entire period. The Agreement remains in effect until the <br />HOME funds from each of the federal fiscal years of the qualification period are <br />closed out pursuant to 24 CFR 92.507. <br />B. The OHC Program Council is hereby created and is authorized to provide policy <br />oversight for planning, operations, and evaluation of OHC and the HOME <br />Program. The Manager or his/her designee from each participating unit of local <br />government shall be members. The OHC Program Council shall prepare a <br />proposed HOME program design each year and consortium program application <br />to HUD, in compliance with the Act, the Regulations, and the Federal Program <br />Requirements, including reallocation of any funds from previous years not <br />expended or any repayments or other program income consistent with this <br />Section. Each year's proposed HOME program design and the consortium <br />program application shall be consistent with the Consolidated Plan. Each year's <br />program design shall be subject to the approval of each consortium member's <br />elected board. The proposed HOME program design will define a strategy in <br />sufficient detail to accommodate the collective and individual needs and priorities <br />of the County and Towns. <br />The OHC Program Council shall also review the Consolidated Plan Update each <br />year and any amendments needed, and present these changes and amendments to <br />each consortium member's elected board for approval and submission to HUD <br />and to the State. <br />2 <br />