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DocuSign Envelope ID:66F168C2-3C54-4274-9428-4F16B3F1802A <br /> A. Uniform Administrative Requirements. The Owner must comply with the applicable <br /> uniform administrative requirements of 24 CFR §92.505. <br /> B. Other Program Requirements. CHT must carry out each activity in compliance with <br /> all Federal laws and regulations described in 24 CFR, Part 35 subparts A, B, J, K, M, <br /> and R, as applicable; 24 CFR, Part 92, subpart F for homeownership projects, including <br /> but not limited to the applicable property standards at 92.251; and 24 CFR, Part 92, <br /> subpart H except that the subrecipient does not assume the responsibilities for <br /> environmental review or intergovernmental review. Applicable property standards shall <br /> apply throughout the period of affordability. <br /> C. Affirmative Marketing. If HOME funds will be used for housing containing five (5) or <br /> more assisted units, CHT must prepare and submit an Affirmative Marketing Plan to the <br /> County, in accordance with 24 CFR 92.351. <br /> D. Termination of Agreement. The full benefit of the Project will be realized only after <br /> the completion of the affordability periods for all Project dwelling units. It is the <br /> County's intention that the full public benefit of the Project shall be completed under the <br /> auspices of CHT for the assisted units as follows: <br /> 1. In the event that CHT is unable to proceed with any aspect of the Project in a timely <br /> manner, and County and CHT determine that reasonable extension(s) for completion <br /> will not remedy the situation, then CHT will retain responsibility for requirements <br /> for any dwelling units assisted and County will make no further payments to the <br /> CHT. <br /> 2. In the event that CHT, prior to the contract completion date, is unable to continue to <br /> function due to, but, not limited to, dissolution or insolvency of the organization, its <br /> filing a petition for bankruptcy or similar proceedings, or is adjudged bankrupt or <br /> fails to comply or perform with provisions of this agreement, then CHT shall, upon <br /> the County's request, convey to the County the Property assisted with HOME funds. <br /> Conveyance shall be at the sole discretion of County and on a Project dwelling unit <br /> by Project dwelling unit basis. Conveyance shall be on the terms set forth herein: <br /> a. Conveyance shall occur within thirty (30) days of County and CHT's agreement <br /> of CHT's inability to continue as a viable organization. <br /> b. CHT shall convey the Property to the County by general warranty deed, free and <br /> clear of all liens and encumbrances of record except those which create a <br /> beneficial interest in County (Declaration of Restrictive Covenants and Deed of <br /> Trust). <br /> E. Default, Remedies. This Agreement may be terminated by a non-defaulting party upon <br /> an event of default hereunder, after written notice thereof and thirty (30) days grace <br /> period in which the defaulting party may act to cure. As used herein, the term "an event <br /> of default" shall mean and refer to a failure or act of omission by either party with <br /> 7 <br />