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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 />