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City-44A i-Rive-Housing& Redevelopment Authority(HRA)Jn and For the City tz..t_I'i <br /> River <br /> Owner-Occupied„_llimitt..g Rehabilitation Program <br /> ADMINISTRATIVE AGREEMENT <br /> THIS AGREEMENT is effective as of this day of , 2014, between <br /> Central Minnesota Housing Partnership, Inc., a Minnesota non-profit corporation, located at 37 <br /> 28th Avenue North, Suite 102, St. Cloud, MN 56303 (the "Administrator"), and the City of Elk <br /> River Housing & Redevelopment Authority, a Minnesota public corporation in and for the City <br /> of Elk River, Minnesota. a public body, corporate and politic under the laws of the State of <br /> Minnesota, located at 13065 Orono Parkway, Elk River, MN 55330 (the"HRA"). <br /> RECITALS <br /> A. The HRA has implemented an Owner-Occupied Housing Rehabilitation Program (the <br /> "Program") which will use HRA funds to assist in the rehabilitation of owner-occupied <br /> single-family homes in a targeted area of city of Elk River. <br /> B. Under the Program, the HRA will make loans to qualifying homeowners ("Loan <br /> Applicants")to assist in the rehabilitation of their homes. <br /> C. The Administrator has communicated with the HRA and has agreed to administer the <br /> Program in the approved targeted area, as described in the attached Exhibit A ("Targeted <br /> Area"), which duties shall include the Program marketing and selection of Loan <br /> Applicants,and the loan processing and closing of loans under the Program. <br /> D. The HRA and the Administrator desire to enter into this Agreement to establish the <br /> obligations and responsibilities of each party with respect to the Program. <br /> AGREEMENT <br /> 1. Participation in Program. The HRA consents to the Administrator's participation in the <br /> Program. By participating, the Administrator agrees to the (i) administration of the <br /> Program in an approved ao,athe Targeted Area, (ii) identification and selection of Loan <br /> Applicants and properties, and (iii) processing and closing of loans under the Program, all <br /> of which shall be done in performed in accordance with the provisions, terms, conditions, <br /> limitations and requirements set forth and contained in this Agreement. <br /> 2. Administrator Responsibilities.The Administrator has the following responsibilities: <br /> A. Marking and recruitment of qualified Loan Applicants and properties. <br /> B. Processing of applications to determine approval or denial of Loan Applicant. <br /> 1 <br />