Laserfiche WebLink
Procurement Contract No. 29186 <br />1 of 10 <br />CONTRACT DESIGNATING THE CITY OF PLEASANTON <br />AS A SUBRECIPIENT OF HOME FUNDS <br /> <br />This SUBRECIPIENT AGREEMENT is made and entered into this 1st day of July 2025, by and <br />between the CITY OF PLEASANTON, a municipal corporation located within Alameda County, <br />(hereinafter referred to as the "City"), and the COUNTY OF ALAMEDA, a body corporate and <br />politic of the State of California, (hereinafter referred to as the "County)". <br /> <br />WITNESSETH: <br /> <br />WHEREAS the City and County have entered into a Cooperative Agreement to form, along with <br />other cities the Alameda County HOME Consortium (the “Consortium”) to qualify for HOME <br />Investment Partnerships Act funds, funded by the U.S. Department of Housing and Urban <br />Development (HUD); and <br /> <br />WHEREAS the County is the lead agency in the Consortium, designated by HUD as the HOME <br />Participating Jurisdiction; and <br /> <br />WHEREAS the City and the County have determined that it is mutually beneficial to have County <br />disburse HOME funds for HOME-eligible activities in City; and <br /> <br />WHEREAS the City must be designated a HOME Subrecipient in order to directly execute <br />contracts for and implement HOME-funded activities within its jurisdiction; and <br /> <br />WHEREAS, the City and County desire to enter into this Subrecipient Agreement (the <br />“Agreement”) for the purpose of designating the City a HOME subrecipient; <br /> <br />THEREFORE, for valuable consideration, the receipt and sufficiency of which is hereby <br />acknowledged, the City and the County agree as follows with respect to the Agreement: <br /> <br />A. STATEMENT OF WORK <br />1. The Term of this Agreement shall be from July 1, 2025 until June 30, 2029, or until all <br />fiscal year 2025 HOME funds allocated to City for a project are disbursed to City, or <br />for the duration of any regulatory agreement executed in conjunction with a project <br />financed with all of the fiscal year 2025 HOME funds, or when all of the contract terms <br />have been completed, whichever shall first occur. <br /> <br />B. COMMENCEMENT AND COMPLETION REQUIREMENTS <br />1. Upon execution of this Agreement, City shall be designated as a HOME Subrecipient <br />for 2025 fiscal year funds for the purpose of administering HOME funds. <br /> <br />2. The maximum amount of HOME funds covered by this Agreement shall be four <br />hundred sixty thousand, seven hundred thirty-nine dollars and twenty-five cents <br />($460,739.25), including one hundred eleven thousand, six hundred forty-one dollars <br />Docusign Envelope ID: 978EEB22-95EB-4C5E-A45F-4B10C1BCA808