Resolution 2015-21 - Needs Fully Executed Agreement

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b. Termination. Participating Governments may withdraw from this Agreement in the following circumstances: 1. If a Participating Government has received its anticipated funding and completed its obligations under this Agreement, the Participating Government may voluntarily withdraw upon 30 days written notice to the Lead Agency. The Participating Government will be required to complete its responsibilities under Section V. of this Agreement before being released from this Agreement. 2. If a Participating Government objects to the manner in which the Collaborative is administering this Agreement, the Participating Government shall first notify the Collaborative of its objection and seek to resolve its differences with the Collaborative. If the Participating Government is unable to resolve its differences with the Collaborative, the Participating Government may withdraw from this Agreement upon 30 days written notice to the Lead Agency. After withdrawal, the Participating Government shall continue to be bound by the provisions of Section V. concerning reporting obligations to the Lead Agency and Disallowed Expenditures. This Agreement shall continue as to all remaining Collaborative members if a Participating Government withdraws. 3. This Agreement will terminate if a majority of the members of the Collaborative vote to terminate. In such event the Agreement shall remain in effect until the CDBG -DR funds from each of the contracted Funding Rounds are expended on eligible activities. c. Termination Notices. Notices of termination or non - renewal, if any, shall be sent to the Lead Agency. Notices to the Participating Governments shall be sent to the addresses above in Section II.a. Notices to the Lead Agency shall be sent to: Housing and Community Investment Manager, City of Longmont, 350 Kimbark Street, Longmont CO 80501. III. FUNDING a. Allocating CDBG -DR Program Funding. The Committee will develop a Partial Action Plan for submission to the State, including obtaining public comment. Except as provided in Section IV of this Agreement, after review and approval of the Partial Action Plan by the State, the Committee will determine the specific allocation of funds for specific Housing Assistance and Infrastructure projects of the Participating Governments and rank such projects from first priority to last priority. In developing the Partial Action Plan and determining the specific allocations to the Collaborative members, the Committee shall focus on the following items: Percentage of Damage, Unmet Need and Guiding Principles as described in more detail below. Special rules for allocation of Housing Development funds are provided in paragraph c, below. b. Housing Assistance Programs. Boulder County will administer Housing Assistance Programs providing individual assistance to households impacted by the flood for all the Boulder County communities, except Longmont. Longmont will administer Housing Assistance Programs for its residents, except it will continue to administer the Down Payment Assistance G: \COUNCIL \City Council Packets\2015\2015 04 21\2015 04 21 CDBG -DR IGA RES- 02.doc 93