Contract - DCI - Near Northwest Neighborhood Revitalization Organization - Provide Development Costs for New Construction of Single Family Home at 808 N Hill Street

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WHEREAS, the City has appropriated funds for the Program in the amount of Four / Hundred and Six Thousand and 00/100 Dollars ($406,000.00) (the "Contract Amount") as required by Indiana Code § 5--22-17-3 and the Contract Amount does not exceed such appropriation; and WHEREAS, the City believes that the actions contemplated by this Agreement are in the best interests of the health, safety and welfare of the City and its residents and that such actions comply with the public purposes and applicable provisions of state and local law; NOW THEREFORE, for and in consideration of the mutual covenants and promises contained herein, the City and the Organization hereby agree as follows: I. Contract Amount and Term. The Organization shall provide the programs and services set forth at Exhibit A (the "Program") on behalf of the City, for the Contract / Amount for the period commencing January 1, 2017 and ending December 31, 2018. The approved schedule for the Program is set forth at Exhibit B. The Organization shall submit progress reports showing progress of the Program to the Contract Administrator with each claim for reimbursement. 2. Program Bud et and Bud et Modi ication. The approved Program Budget is set forth at Exhibit C hereto (the "Budget"), which exhibit is hereby incorporated herein by reference. The Organization shall not seek from the City more than the Contract Amount for any expenses related to the Project or otherwise. The Organization shall only use the Contract Amount to implement the Project or provide the services in conformance with the Budget and for no other purpose. 3. Compensation for Program. All payments shall be made upon submission of invoices for reimbursement of expenses incurred during the contract term provided that the Organization provides an invoice and sufficient evidence to the Contract Administrator (as defined herein) for such expenses including, but not limited to, a budget expenditure report summarizing disbursements and expenditures of the Contract Amount by the line items set forth in the Program Budget. With any invoice for services required for payment hereunder, the Organization shall submit a report to the Contract Administrator showing the progress of the Program. 4. Design and Implementation of Program. To the extent not set forth in Exhibit A, Exhibit B, Exhibit C, and Exhibit D the Organization shall be solely responsible for the design and implementation of the Program, unless specifically directed otherwise by the City, the City's Internal Auditor (as defined herein), or the Director of the Department of Community Investment or any person appointed by said Director or the City to administer this Agreement (the "Contract Administrator"). The Program and this Agreement must be performed and administered in accordance with all applicable federal, state and local law. The Organization shall use the Contract Amount only for activities related to the Program. The Organization shall further enter into a written agreement documenting the disbursement of funds attributable to the Contract Amount. 2