.MzM3Mg.MzM3Mg

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GRANT AGREEMENT FOR A COMPREHENSIVE CITY DEMONSTRATION PROGRAM Part I AGREEMENT in two parts (herein called the "Agreement"), made on the date below specified, by and between the Cit y of Atl an ta · (herein called th~ . City') a."ld. i;,he _U_n_i_t_e_d_S_t-at_e_s_o_f_A_m-er_i_·c_a_(.,..h_e_r_e_i_n_c_a_ll_e_d_t_h_e_"Goverrunent") . WITNESSETH: ,' SEC. 1. Purpose of Agreement. -- The purpose of this .l\greement is to state the terms and conditions under which the Grant shall be provided by the Goverrenent to the City. SEC. 2. The Obligations of the Cit~. -- The City agrees to carry out the Program (incorporated herein by reference in a lawful, satisfactory, ar..d. proper manner and in accordance with the policies, procedures and requirements as =.:c.y from time to time be prescribed by HUD. SEC. 3, (A) The Grant. -- - - ·- - - -- - - ='- . . -.. _ ____ ,..,........... _ .,. _ ___ _ - - - - - - - - - - - -- - -· - The Government will pay to the City the lesser of: 1. the Grant Amount listed in the Grant Budget (which is attached as Exhibit A); or 2. (a) the cost of Program. Administration listed in the "MCA Share" column of the Grant Bud.get or 8c:f'/o of the actual cost of Program Administration, · · whichever is less; plus (b) the cost of the projects and activities listed in the . "MCA Share" column of the Grant Bud.get or the share of the ·actual cost of the projects and activities which is allocable to the Grant, whichever is less. (B) The City may reallocate costs within the Grant Budget, witho~t t~® approval, as long as the estimated "MCA Share" for any underta...'- dng listei t1c.erein is not increased by more than 10% or $25,000 (whichever amount is greater). SEC. 4. Periodic Revi ew and Revision. -- The Program and · Grant :au~et ·,Till be reviewed at leas t annually by the Government and the City. ?inancial assistance by the Government for subsequent periods shall be conditioned upon (1) t~e satisfactory performance of the ~greement by the City, (2) the availability c~ appropriations, and (3) approval of the re~ised Program and Grant Bud.get by rf®. HUD-7047. 1 (11-68) �SEC. 5*. . Changes and Additional Provi s ions. -- The changes and additions set forth in the attached Exhibit Bare the only modific ations to the provisions of this Agre ement . SEC. 6: Counterparts of the Agreement . -- This Agreement shal.l be executed in four counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. SEC. 7. Performance of Conditions Precedent to Validitv of this A2ree~ent. The City and the Government each certifies that all condition~ precedent ~o t ne valid execution of this Agreement on its part have been satisfied. IN WITNESS WHEREOF the City has caused this Agreement to be duly executed in its behalf and its seal to be hereunto affixed and attested; and the Government has caused the same to be duly executed in its behalf this ____ day of ______ 19_ ,, ATTEST: By---------.----~------( Signature) (Signature) (Type or Print :;:~ame) (Type or Print Name and Title) (Title) UNITED STATES OF fl.MERICA Secretary of Housing & Urban Development By_ _ _ _ _ _-r-.,....-----,------( Signature) [fitle of Officer Authorized to Execut,0' -2HUD-7047. 1 (11-68) HUD-Wosh., D.C. 233790-P �