Agenda - 06-16-1987 - Laserfiche WebLink

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r r U. S. DePARIlbNT OF BonSINC AND UkIAN DEVELoPMEM SLC ?ION a BOUSING ASSISTANCE PAIMENtS PROGRAM Moderate 1lahabilitation PART I OF THE ANNUAL CONTRLSUTIONS C0lnILACT Master Section 8 ACC Humber A --2903 ACC Part I Number 1-1. 903-K P_ 1.1 The Progrst (a) Pro ects within Pro rat. The Moderate Rehabilitation Program +order this ACC Part I includes all Projects listed in Exhibit I. The 1'h, to the maximum extent feasible, shall amter into Agreements and Contracts in accordance with the ambers and sizes of units in each project specified In Exhibit 1. No substantial deviation as defined by HUD from the bedroom distribution or number of units in each project is allowed wittiout prior BUD approval. The PKA shall not enter into any Agreements or Contracts or take any other action which will result in a claim for an Annual Contribution in respect to any Project in excess of the max1pum amount authorized for that Project. (b) Meaning of ?ro ject` as Used in Master ACC and Part 11. For purposes of this Part I the term "Project- wherever used in the Master Section 8 ACC and in Part 11 shall mein each Project in the Moderate lehabilitation Program. 1.2 Authorization of Actions by PHA. In order to carry out the Project, the PEA is authorized to (a) enter into Agreements, (b) enter into Contracts, (c) sake housing assistance payments on behalf of Families and (d) take all other necessary actions, all in accordance with the application, forms, conditions and requirements prescribed or approved by BUD. Bowever, neither t1se PHA nor BUD shall assume any obligations beyond those provided in the prescribed forts of Agreement and Contract. 1.3 Term of Contract and ACC (a) Term of Contract. The total Contract term for any unit, including new Contracts for replacesent units in accordance with Section 1.9, is i5 years or the remaining term of the ACC, whichever is let ;. If the rehabilitation being done under any Contract is to be completed im stages, the total Contract teas for all the stages, beginning with thv effective date of the Contract with respect to the first stage, shall not exceed 17 years from the effective date of the ACC for the applicable Project. (b) Term of ACC. - The ACC shall remain in effect for 17 yea- from the effective date of the most recent project listed in Exhibit T.. Annual Contributions may be made for eacb project for a maximum of 17 -ears fro= that projects effective date. but not sore than 13 years for any unit. Accordingly. the Contracts) for all units in any project,, ether than replacement vults, must be executed within two years of the elfe :tive date of that Project under the ACC to qualify for the 15 year term. Page 1 of 5