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administrative set aside under the State Agreement to cover the general administrative <br />responsibilities of managing this State Agreement and ensuring compliance with the CDBG -DR <br />program and the State Agreement. Each project will be allowed up to 20% of the project award <br />for the Participating Government to use to cover its project delivery costs. <br />g. Program Income. Program Income as defined at 24 CFR 570.504 generated by a <br />Participating Government will be held by each Participating Government that is a CDBG <br />entitlement jurisdiction in a separate account specific to the CDBG -DR Program. Program <br />Income generated by a Participating Government that is not a CDBG entitlement jurisdiction will <br />be returned to the Lead Agency and will be used and programmed for flood recovery work <br />eligible under the CDBG -DR program until this Agreement is terminated. Program Income <br />received after the Agreement ends can be used by the Participating Government that is an <br />entitlement community for any CDBG eligible use and the Lead Agency will place program <br />income generated by non - entitlement jurisdictions in the Countywide Down Payment Assistance <br />Program account to be used throughout the County for Down Payment Assistance. Appropriate <br />documentation of the receipt and use of program income during the term of this Agreement will <br />be provided to the Lead Agency in a format to be determined by the Lead Agency. <br />IV. LEAD AGENCY RESPONSIBILITIES <br />a. Legal Liability and Responsibilities. Subject to the provisions of this Agreement, the <br />Lead Agency is authorized to act in a representative capacity for all of the Participating <br />Governments for the purpose of the State Agreement and the Lead Agency assumes overall <br />responsibility for ensuring that the Collaborative's CDBG -DR Program is carried out in <br />compliance with the HCD Act, the Stafford Act and the Disaster Act as defined in Section I. The <br />Lead Agency will be the governmental entity required to execute all grant agreements received <br />from the State of Colorado pursuant to the Collaborative's request for CDBG -DR funds. The <br />Lead Agency will have full responsibility for the execution of the CDBG -DR Program. The Lead <br />Agency will be responsible for the Collaborative's information submittals, Project Funding Plan, <br />when required, and for meeting the requirements of other applicable laws, overall administration, <br />and performance of the CDBG -DR Program, including the CDBG -DR projects and activities to <br />be conducted by the Participating Governments. The Lead Agency assumes overall <br />responsibility for ensuring the Collaborative's CDBG -DR Program is carried out in compliance <br />with the requirements of the Program. <br />b. Eligibility Review and Compliance Monitoring. The Lead Agency's supervisory, <br />program and administrative obligations to the Participating Governments shall be limited to the <br />performance of the administrative and program tasks necessary to make CDBG -DR funds <br />available to the Participating Governments, to determine eligibility and to provide monitoring to <br />various projects funded with CDBG -DR funds to ensure that they comply with applicable <br />Federal laws and regulations. <br />c. Reporting Requirements. The Participating Governments will provide the Lead <br />Agency with regular monthly or quarterly activity reports of CDBG -DR funded projects, as <br />required by the State in the State Agreement. The Participating Governments shall, on a regular <br />G: \COUNCIL \City Council Packets\2015\2015 04 21\2015 04 21 CDBG -DR IGA RES- 02.doc <br />96 <br />