Orange County NC Website
L HOME funds invezmd in affordable housing shall be repaid if the housing does not meet <br /> the affordability nquiroul ref Section 92252 and Section 92.254 of the Regulations or <br /> if the housing ceases to quality as affordable housing before the pound of affordability <br /> expires. If AL 0, in several with Section 92.503 of the Regulations,Inquires 01 C to <br /> repay HOME funds awarded, the County, and Towns agree LLat the payments will be <br /> made in acwNaime with the domain specified in paragraph 11 of this Section. <br /> L Any rail of HOME funds, loans or other program income generated from foods <br /> received through the HOW Program, shall be reformed to the HOME Investment Trust <br /> Lund established by the Lead Entity and reallocated by the OHC Program Cannel during <br /> the next HOME program design process following reoccur of the repayments or other <br /> program income, to the extent allowed by the Regulations and federal Program <br /> Requirements, <br /> K. The County and Towns agree to comply with all Regulations, Fedcxal Program <br /> Romimmings,and OHC HOME program design features and requirements_ <br /> L. This Agreement shall be executed by me appropriate officers of the Comity and Towns <br /> pwsuaiil to authority granted them by their governing bodies <br /> M. To the maximum extent permitted by law, each Town which is a party to this Agreement <br /> shall nationality and hold harmless Use County and robot Towns, and their ephcros, <br /> officials, and employees, firm and against any and all wets, damages, liabilities, alumina, <br /> loses,judgments or exporters, including reasonable moral fees,arising in any manner <br /> from or as a result of any activities by or on behalf of We Tawas under this Agreement <br /> other than as provided for in Paragraph I of this Section, provided, however,that nothing <br /> in this paragraph indemviftes and holds hamrless the County and other Towns from and <br /> against any costs, damages, liabilities, clan s, losses,judgments oh expenses, ncluding <br /> reasonable inter a fees, onslvg in any manner from or as a result of negligent now or <br /> omissions of the County, and other Towns or their officers, officials, and employed. <br /> LiAzuse, We County shall Indemnify and hold harmless the Towns, and the Towns' <br /> officers,officials,and employees, team and against any and all even, damages, liabilities, <br /> claims,losses,judgments or expenses, including oasonnble attorneys fees, arising in shy <br /> cr from esult of any activities by or n behalf of the County under this <br /> m <br /> Agcmimt other than as provided for Iv Paragraph I of tltis Sector, provided, however, <br /> that radial in this paregaPh indemnities and holds hamdcss the Towns from and <br /> against any costs, damages, liabilities, claims, losses, jndgmcnle or expenses, including <br /> inexorable atmmeys fees, at sing In any manner from or as a result of negligent act or <br /> ov n-scions of the Towns, or the Town's otFwrs,officials,and employees. <br /> Y The County and I nwnn certify that they will adhere to all federal and state reptilian& <br /> pertaining to the disposition of real property, if any real property is acquired by the <br /> County or Towns with Rinds authorized under the Federal HOME Program <br /> Requhements. <br />