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I Obli ations of Lead Entit <br /> South Bend, as representative member of the parties to this Agreement, and acting <br /> through its Department of Community and Economic Development, shalt: <br /> (a)Assume overall responsibility for ensuring that the Consortium's HOME Program is <br /> carried out in compliance with the requirements of the HOME Program. <br /> (b)Assume overall responsibility for the formulation and update of any required plans, <br /> including, but not limited to, overall responsibility for formulating and updating a community <br /> profile (including a needs assessment and assessment of the'Consortium's housing market <br /> and inventory) and the formulating and updating of a five (5) year strategy (including a plan <br /> that identifies geographic and program priorities) and addresses the issue of homelessness <br /> and other fair housing issues. <br /> (c)Assume overall responsibility for submitting required plans and updates in a timely <br /> manner as required by NAHA. <br /> (d)Assume overall responsibility for implementing required plans within the Consortium <br /> (e) Assume overall responsibility for administering all housing assistance activities <br /> funded through HOME and other NAHA programs, within the Consortium. <br /> 4. Term <br /> (a) This agreement shall terminate at the later of the following dates: December Vtl <br /> 2015, or the date on which all activities funded under NAHA during federal fiscal years 2013, <br /> 2014, and 2015 have been carried out. <br /> (b) Prior to the termination of this agreement the Consortium may elect to extend the <br /> term of this agreement, by the adoption of substantially similar resolutions of each of the <br /> governing bodies of each Consortium member, approving the extension of the Consortium <br /> and the amendment of this agreement, and authorizing the chief elected official of each <br /> member to execute the amendments to this agreement. <br /> (c) During the duration of this agreement, no Consortium member may take any action <br /> to terminate the Consortium, this Agreement, or the membership of that or another member in <br /> the Consortium. <br /> 3 <br />