Resolution 2015-21 - Needs Fully Executed Agreement

Home Browse Search

that each Participating Government receives funding for projects in accordance with the Guiding Principles, which are attached to this Agreement as Exhibit A, and by this reference made a part of this Agreement. The actual amount of funding will be determined based on the prioritization of projects by the Committee. The Committee will review projects submitted by the Participating Governments and will discuss and prioritize projects and determine funding for projects based on the above criteria. The Committee shall also consider strategic priorities, programmatic requirements (i.e. CDBG -DR eligibility and national objective achievement), project readiness, and administrative burden. 4. Award to Special Districts. The Committee may also allocate funds to projects that wholly or partially benefit the special districts shown in Exhibit B (the "Special Districts "). The Participating Governments recognize that projects of the Special Districts may provide community benefits and be consistent with the principles behind this Agreement. Any Participating Government may submit a project for consideration to the Committee that includes one of the Special Districts as a participant or wholly benefits one of the Special Districts. 5. Matching and Leveraging Funds. Each Participating Government and the Lead Agency shall be responsible for identifying additional funding resources and submitting the applications required to those funding resources in order to provide matching and/or additional funds when a project cannot be fully funded with CDBG -DR funding. e. Distribution and Management of CDBG -DR funds. Each Participating Government will be responsible for managing the project awarded according to all the CDBG -DR requirements in 24 CFR Part 570 (i.e. Procurement, Environmental Review, Davis -Bacon and Labor Standards, Fair Housing, etc.). Each Participating Government may establish its own procedures for contracting, expenditure and monitoring of funds, provided those procedures are consistent with CDBG -DR requirements and that the Participating Government complies with the requirements of Section V of this Agreement. If a Participating Government has not committed (under contract) all of its allocated CDBG -DR funds within 12 months of project award, the Lead Agency shall reclaim the funding and award the funds to the next highest ranking priority project that can get under contract within 6 months. If that is not possible, the Committee shall reallocate the CDBG -DR funds to projects already approved for funding by the other Participating Governments, either through a pro -rata share to the Participating Governments based on their estimated funding allocation schedule set forth in Section III.d.1. or for one or more distinct projects as nominated and approved by the Committee. Any of these funding scenarios are with the caveat that the Participating Governments to which the funds are allocated can assure that it can commit the CDBG -DR funds within the required 6 month timeframe. It is anticipated that any funds in the State Agreement that are not expended within 24 months of the date of the State Agreement will be recaptured by the State. f. Administrative Set Aside. The Lead Agency will be entitled to the entire general G: \COUNCIL \City Council Packets\2015\2015 04 21\2015 04 21 CDBG -DR IGA RES- 02.doc 95