Browse
Search
2021-290-Housing-Inter-church Council Housing Corporation
OrangeCountyNC
>
Board of County Commissioners
>
Contracts and Agreements
>
General Contracts and Agreements
>
2020's
>
2021
>
2021-290-Housing-Inter-church Council Housing Corporation
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/2/2021 3:19:51 PM
Creation date
7/2/2021 3:19:34 PM
Metadata
Fields
Template:
Contract
Date
6/2/2021
Contract Starting Date
6/2/2021
Contract Ending Date
6/4/2021
Contract Document Type
Contract
Amount
$165,840.00
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
27
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />Owner is unable to complete its obligations within the time or by the extensions approved <br />by the County under the terms of this Agreement, Owner may be required to repay the full <br />amount of the Project funds. <br /> <br />C. All construction and repair work must be completed in accordance with applicable building <br />and zoning regulations and ordinances and N.C. Housing Finance Agency Energy <br />Standards. <br /> <br />D. Owner is responsible for verifying the income of prospective tenants and maintaining <br />eligibility data. Owner shall maintain tenant files as part of its Books and Records as <br />required and for the period of time required in Section VIII. C.3 of this Agreement. Owner <br />must furnish the County with an annual report of the Project dwelling units by July 31 of <br />each year thereafter certifying that all tenants earn no more than 60% of the HUD area <br />median income by family size. <br /> <br />E. Each Project dwelling unit must have a value that does not exceed 100% of its appraised <br />value. An independent, qualified appraiser must conduct the appraisal. <br /> <br />F. Owner must submit an annual rental operations budget to the County each year at least <br />sixty days prior to the July 1 beginning date for the fiscal year <br /> <br />G. Owner agrees and authorizes the County to conduct on-site reviews, examine client and <br />contractor records, client applications and to conduct any other procedures or practices to <br />assure compliance with these provisions. <br /> <br />H. Owner agrees to not violate any State or Federal laws, rules or regulations regarding a <br />direct or indirect illegal interest on the part of any employee or elected official of the Owner <br />in the Project or payments made pursuant to this Agreement. <br /> <br />I. Owner shall adopt any applicable audit requirements of the Office of Management and <br />Budget (hereinafter "OMB") Circular A-110, "Grants and Agreements with Institutions of <br />Higher Education, Hospitals, and Other Nonprofit Organizations," and Circular A-122, <br />"Cost Principles for Nonprofit Organizations," and OMB Circular A-133, "Audits of <br />Institutions of Higher Education and Other Non-Profit Institutions." Owner shall submit to <br />the County copy of said audit report. Owner shall permit the authorized representatives of <br />the County, HUD and the Comptroller General of the United States to inspect and audit all <br />data and reports of the Owner relating to its performance under the Agreement. <br /> <br />J. County shall provide, upon request, copies of all laws, regulations and orders cited in this <br />Agreement. <br /> <br />K. Owner certifies by executing this Agreement that Owner has not been identified, and has <br />not utilized the services of any agent or subcontractor identified, on the list created by the <br />State Treasurer pursuant to G.S. 147-86.58. By executing this Agreement Provider <br />certifies that Provider has not been identified, and has not utilized the services of any agent <br />or subcontractor identified, on the list created by the State Treasurer pursuant to G.S. 147- <br />DocuSign Envelope ID: D9F5DB48-6B35-4950-A760-8532DDEBD76E
The URL can be used to link to this page
Your browser does not support the video tag.