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U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
GRANT AGREEMENT FOR A
COMPREHENSIVE CITY DEMONSTRATION PROGRAM
Part |
AGREEMENT in two parts (herein called the "Agreement"), made on the date
below specified, by and between the City of Atlanta
; (herein called the "City) and the
United States of America (herein called the "Government").
WITNESSETH:
SEC. 1. Purpose of Agreement. -- The purpose of this Agreement is to state
the terms and conditions under which the Grant shall be provided by the Government
to the City.
BEC. 25 The Obligations of the City. -- The City agrees to carry cut the
Program (incorporated herein by reference) in a lawful, satisfactory, and prover
manner and in accordance with the policies, procedures and requirements as may
from time to time be prescribed by HUD.
SEC. 3. The Grant. --
(A) 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 Budget or
80% of the actual cost of Program Administration,
* whichever is less; plus
the cost of the projects and activities listed
in the "MCA Share" column of the Grant Budget or
the share of the actual cost of the projects and
activities which is allocable to the Grant, which-
ever is less.
(B) The City may reallocate costs within the Grant Budget, without HI
approval, as long as the estimated "MCA Share" for any undertaxing listed therein
is not increased by more than 10% or $25,000 (whichever amount is greeter).
SEC. 4. Periodic Review and Revision. -- The Program and Grant Budzet will
be reviewed at least annually by the Government and the City. Financial assistance
by the Government for subsequent periods shall be conditioned uvon (1) the satis-
factory performance of the Agreement by the City, (2) the availability of apprepria-
. tions, and (3) approval of the revised Program and Grant Budget by HUD.
HUD-7047.1 (11-68)
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SEC. 5.. Changes and Additional Provisions. -- The changes and additions set
forth in the attached Exhibit B are the only modifications to the provisions of
this Agreement.
SEC. 6: Counterparts of the Agreement. -- This Agreement shall 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 Validity of this Agreement. --
The City and the Government each certifies that all conditions precedent to the
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
HQ
[seat]
ATTEST: By
(Signature )
(Signature ) (Type or Print Name)
(Type or Print Name and Title) (Title)
- UNITED STATES OF AMERICA
Secretary of Housing & Urban Development
By
(Signature)
[fitle of Officer Authorized to Execute/
¥ PRke-S SCT LON wi eC DI aUC MSS
-2-
HUD-7047.1 (11-68) HUD-Wash., D.C. 233790-P