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Resolution 2025-29 - NEEDS SIGNED IGA
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Resolution 2025-29 - NEEDS SIGNED IGA
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Last modified
6/11/2025 3:55:56 PM
Creation date
6/11/2025 3:37:07 PM
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Template:
City Council Records
Also Known As (aka)
APPROVING THE HOME CONSORTIUM INTERGOVERNMENTAL AGREEMENT
Meeting Date
5/20/2025
Doc Type
Resolution
Ord/Res - Year
2025
Ord/Res - Number
29
Cross-Reference
Home Consortium
Quality Check
6/11/2025
Supplemental fields
Parties Involved
Home Consortium
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amendment to this IGA that incorporates all changes necessary to meet "Cooperation <br />Agreement Requirements" as prescribed by HUD in the Consortia Qualification Notice <br />that is applicable to any subsequent qualification period beyond the original three-year <br />term. The Lead Entity shall, by the date specified in HUD's Consortia Qualification Notice <br />for the next qualification period, notify the Consortium Members in writing of their right <br />not to participate in the Consortium. All Consortium Members that are members of the <br />Consortium will be on the same program year (January 1 to December 31) for the CDBG, <br />HOME, ESG and HOPWA grant programs. Notices to the Consortium Members shall be <br />sent to the addresses above in Section 3. Notices to the Lead Entity shall be sent to: Deputy <br />Director of Housing, City of Boulder Housing and Human Services, PO Box 791, Boulder, <br />CO, 80306. In the event this IGA is terminated its provisions must remain in effect until <br />the HOME Program funds from each of the federal fiscal years of the qualification period <br />are expended on eligible activities or returned to HUD. <br />b. Termination Notices. Termination notices, if any, shall be sent by any non - <br />renewing Consortium Member to the Lead Entity. <br />5. Execution. This IGA shall be executed by the appropriate officers of each Consortium <br />Member and the Lead Entity pursuant to authority granted them by their respective governing <br />bodies, and a copy of the authorizing action and executed IGA shall be filed promptly at the offices <br />of the Lead Entity. <br />6. Consolidated Plan. The Lead Entity and Consortium Members shall cooperate in the <br />implementation of the HOME Program and shall cooperate in the preparation of the Consolidated <br />Plan by providing funds proportionately to the annual funding percentage break down as allocated <br />in Exhibit A to this IGA for the development of the Consolidated Plan, by providing input to the <br />Consolidated Plan, and by holding any required public meetings during the preparation of the <br />Consolidated Plan. Each Consortium Member must fully approve each Consolidated Plan for such <br />Consolidated Plan to be considered to be approved and ready for submission to HUD. <br />7. Allocating HOME Program Funding. Program Funding will be allocated as set forth in <br />Exhibit A. <br />8. Matching Funds. Each Consortium Member and the Lead Entity shall be responsible for <br />providing matching funds required by federal regulations for any HOME Program funds allocated <br />and accepted for use by that local government. As required by law, Consortium Members and Lead <br />Entity allocations are subject to annual federal appropriations of HOME Program funds. No <br />matching funds will be required from a Consortium Member that chooses not to participate for a <br />particular program year. <br />All use of matching funds by Consortium Members must be reported to the Lead Entity, <br />in a format to be determined by the Lead Entity, by the end of each federal fiscal year of this <br />IGA. <br />9. Distribution of HOME Funds. Each Consortium Member will be responsible for deciding <br />how to distribute its portion of HOME Program funds among eligible activities within its <br />5 <br />
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