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6 <br /> defined in the Federal Program Requirements for funding provided adroitly by HOD. <br /> The County, in its capacity as ]cad entity, is authorized to enter into an agronmcnt with <br /> HIfD. The Chairoftue Orange County Board of Commissioners,eMefelesead erected of <br /> the Lead Entity, acting un behalf of CHU, it mannered to sul an application for <br /> funding under the federal HOME Progevty conslstemwith the approved HOMF.Frogman <br /> design for each year. The County,as Lead Entity,is authorized to enter into agrecmenm <br /> with non preflt organizations receiving funding trader an approved HOW program <br /> design. <br /> D. The County and Town; mutually agree that the County as Lead Entity shall assume <br /> Overall responsibility for ensuring that the OHC HOME program meets the requirements <br /> depending the Consolidated Plana accordance with HUD regulations In 24 CFA Pans <br /> 92 and 91, respectively, and the equlremeres of 24 CFR 92.350(a)(5); and further, <br /> ring that the OHC HOME program is carried out ompliance with the <br /> requirements of the An, die Regulations and be Federal Program Requirements. The <br /> Towns agree to assist the County in maintaining compliance with Nc Act, Nc <br /> Regulations, and the state and Federal Propiam Requirements for the fun compliance <br /> period,extending to and continuing beyond the expiration Of"ls Agreement. <br /> F, If any new entities join OTTC,the County as Lead Entity agrees t0 notify HUD in writing <br /> and to Provide a copy bf the annual resolution more the new members' governing <br /> body and an amendment to this Agreement signed by the chief executive officer of the <br /> miss umber. The COwny,as Lead Entity, is authorized by this agreement m amend this <br /> Agreement an behalf of the entire consortium to add new members to OHC. <br /> F The County and the Towns mutually agree that the Of HOME program will provide <br /> fair and ample opportunity for all members of the consortium to access the funding <br /> brought to it in an amount that shall be determined by the State, and that the Clsnnty and <br /> Towns shall be given apple opportunity to comment on and approve the distribution Of <br /> all funding made available through the OHC. <br /> O. The County as Lead Eadty will bounce We caste of administering the HOME Program <br /> for OHC to the extent Of appmprarri ns. The County shell establish the HOME <br /> Investment 'Cruat Fund as specified in 24 CFR Part 92.500, and will participate in the <br /> Cash Management Informal System and other accounting and compliance procedures <br /> as required by HUD. <br /> 1t. HlOod matching funds arc required by HUD,the County and Towns mutually agree that <br /> the matching funds shall be provided in accordance with the following fommlm <br /> 1. Orange County--40% <br /> A Towntif Cndboro— 15% <br /> 3. Town of Chapel Hill--41% <br /> 4. Town of Hillsboral--5% <br />