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O. "Federal Program Requirements" means documents issued by the U.S. Depaflnmot of <br /> Housing and Urban Development describing the regulatiora and requirements of the <br /> DOME Program in order for fiords to be awarded In Participating jurisdictions as <br /> authorized in the Act. <br /> Section 11.Purpose <br /> This ASrothnan is to form a Consortium of units of general local government within Orange <br /> County far designation as a Federal HUD Comartum under the Act and the Federal Program <br /> Requirements of the Act The food Conwtium is known and hereinafter may be referred in as <br /> the Charge County HOME Consortium(Lueinafter"OHC'). <br /> Secl'on 111.Agreement. <br /> A. The Icrm of this Agreement teeing with the perceive date of July I, 2002 and reds loan <br /> 30, 2005. Subject to the requimnten, of Pamgnrph D of this Seetion, the County and <br /> Towns agree that the terms of this Agreement cover the period necessary to carry out all <br /> activities that will to funded firm Ponds awarded during three federal Fiscal years(2003, <br /> 2004, 2005) and that all members of OHC will remain in OHC for dre entire priced_ <br /> The Ageraflo of remains in effect until the HOME funds from each of the fulerel fiscal <br /> years of the qualification period me closed Out financier to 24 CPR 92.507. <br /> B_ The (II IC Program Review Convince is announced to provide policy oversight Pof <br /> humming, operations, and mmention of OW and the HOME Program. The Manager or <br /> his/hu designee from each participating anit of local govemmenr and out (1) doted <br /> official from eachjunsdlctlon shall he a member. The OHC Program Review Committee <br /> shall prepare a proposed HOME program design cacti year and consortium program <br /> application to HLD. to compliance with the Act, the Regulations and the record <br /> Program Requirements, including rtallowtion of any funds from previous years not <br /> expended or any repayments or other program income consistent with this Section. Each <br /> year's proposed HOME Program design and the consortium program application should <br /> be consistent with tee Consolidator Plan Each year's program design shall be subject to <br /> the approval of cacL consortium member's elected board. The proposed HOME program <br /> design will define a stmtorry in sufficient detail to accommodate the collective and <br /> individual needs and pr earl or the Chanty and Tower; <br /> The ORC Program Review Cemmhtee :Call elan review dre Consolidated Plan Update <br /> each year and any amendment; needed, and pattern dose changes and amendments to <br /> each coesorlium member's elected board for approval and submission to HUD and to the <br /> State. <br /> All oomvrtiom members must approve the HOME progren design and any Consolidated <br /> Plan amendments prior to their submission to IIED. <br /> C The County and Towns mutually after that the County shell act as the Load Entity in a <br /> apascnmdve capacity for all mcmbcrs ofOHC for the Purposes of de Act and as fuller <br />