|
DocuSign Envelope ID:99C9F1BE-6EF7-45DE-BDBD-4B6928396A96
<br /> 4. Fhe CHDO agrees, to: repay, rernit or return to the County atiy amount of ul,,is,l,')Cnt
<br /> HOME J."urids provide(] to the CHD01 irt tfic event of a default under the terrils, oft'llis
<br /> Agreenient.
<br /> 0., St.)SP,ENS ION' ORITRMINATION:
<br /> i. 'nie full betiefit of the Prqject will be realized only after the Conipletion of the
<br /> affirdability periods I`or all prQjects, delineated in Attachment A and any amendments
<br /> thereto. It is the C,outnty's iritctition that the full public benefit (,.)f the Pr(ject shall be
<br /> con,iplcted under the auspices ofthe ClID0 as lollows:
<br /> a. In the event,that the CTID0 is unable to proceed with any aspect of tlic Project
<br /> in a timely nianner, and County and the ClID0 deters.-line that reasonable
<br /> extension(s) for cornpletiori will not remedy the Situation, then The ('111DO
<br /> will retain responsibility for requirements for any (kilelfing units, assisted and
<br /> C,'ourity will make no further laymen ts to the CH Do .
<br /> b. hi i the event (hat the CHDO, prior to the contract completion date, is unable to
<br /> continue to furiction due to, but, riot linifted to, dissolution or insolvency of
<br /> the orgaiiization, its, filing a petition for barikrUptCy 01- similar proceedings, or
<br /> is adjudged bankrupt or fails to comply or perforni with provisions of this
<br /> agreemetit, then the CHDO shall, upon the County's request, convey to the
<br /> C-,'ounty the Property assisted with non-operating HOME fiends. Conveyarice
<br /> shall 'be at the sole discretion of County and on a Pr( ':ect dwelling unit by
<br /> Prot jest dwelling unit bask
<br /> 2. C.onveya,rice shall be on the terms set forth herein:
<br /> a. Conveyance shall occur within thfily (3(::) days of County' and t1le CHDO's
<br /> agreement of the CHDO's, inability to: continue as, a viatfle organization. The
<br /> CHDO shall comrey the Property to the County by general warranty deed, free
<br /> and clear of all liens, and encumbrances of record except those which create a
<br /> beneficial interest in C"(,ninty (Declaration of Restrictive Covenants., and Deed
<br /> Of.TrUSt).
<br /> P. HOLD II.ARMI..,ESS.
<br /> L The County shall not be liable for any and all claims, actions, sLiits, charp
<br /> ges, and
<br /> judginents whatsoever arising out of the perl'orniance or nonperfon-nance ol I this,
<br /> Agacernerit by the(111)0, its eniployees, ofticers or agents.
<br /> I The CIIDO shall hold harmless, defend and irideninif r the County, its ofl'icers, agents
<br /> and employees firom all such claims,, actions, suits, charges, and judginentS under this
<br /> Agreement.
<br /> 6
<br />
|