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if applicable. The parties further agree that the provision of such funds to the project is <br />conditioned on Orange County's determination to proceed with, modify, or cancel the project <br />based on the results of a subsequent environmental review. <br />NOW, THEREFORE, in consideration of the mutual covenants, promises, and representations <br />contained herein, it is agreed between the parties hereto as follows: <br />I. USE OF HOME FUNDS <br />1. The Owner shall perform the projects or tasks related to its allocation of HOME funds as <br />provided in Exhibit B and within the proposed budget outlined in Exhibit C. Exhibits B and C <br />are hereby made a part of this Agreement and are incorporated by reference, as it now reads or as <br />it may be modified by the parties. <br />2. The Owner may not request disbursement of funds under this Agreement until the funds <br />are needed for payment of eligible costs. The amount of each request must be limited to eligible <br />costs as determined by Orange County staff. <br />II. AMOUNT OF HOME FUNDS/FORM OF SUBSIDY <br />The County shall make available to the Owner up to One Hundred Sixty-two thousand Dollars <br />($162,000) pursuant to this Agreement. Said funds shall be disbursed by the County to the <br />Owner for performance of the services described in Exhibit B. HOME Program subsidy will be <br />provided as a grant to each subject property as a fixed subsidy. <br />III. USE OF COUNTY FUNDS <br />1. The Owner shall perform the projects or tasks within the proposed budget outlined in <br />Attachment D. Attachment D is hereby made a part of this Agreement and is incorporated by <br />reference, as it now reads or as it may be modified by the parties. <br />2. The Owner may not request disbursement of funds under this Agreement until the funds <br />are needed for payment of eligible costs. The amount of each request must be limited to eligible <br />costs as determined by Orange County staff. <br />IV. AMOUNT OF COUNTY FUNDS/F'ORM OF SUBSIDY <br />The County shall make available to the Owner up to One Hundred Twenty-five Thousand <br />Dollars ($125,000) pursuant to this Agreement. Said funds shall be disbursed by the County to <br />the Owner for performance of the services as provided in Exhibit D. County funds will be <br />provided as a grant to each subject property. <br />