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Housing&Redevelopment Authority In and For the City of Elk River <br /> Owner-Occupied Housing Rehabilitation Program <br /> ADMINISTRATIVE AGREEMENT <br /> THIS AGREEMENT is effective as of this 9 day of /11A y , 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 Housing & <br /> Redevelopment Authority in and for the City of Elk River, Minnesota, a public body, corporate <br /> and politic under the laws of the State of Minnesota,located at 13065 Orono Parkway,Elk River, <br /> 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 the Targeted Area, (ii) identification and selection of Loan Applicants and <br /> properties, and (iii)processing and closing of loans under the Program, all of which shall <br /> be done in performed in accordance with the provisions, terms, conditions, limitations <br /> 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 />