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<br />'1I;.ltM (II' nJiJ IItM'/,; II~;(,^" HAlt.
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<br />IAllc'III;IIIYC lIu,¡,ÎIIU\..iuc:uqmrale ..ltt"rnalivc I ur 2. ., -I,¡dkahh:)
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<br />Alternative 1"(:l'!It'róll:
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<br />'Th. Snitb! "In.. of this Contract ,hall be as ,tated in Section 1. lb. Thh Contract .,y b. Ten.wed. at the .01e option of the Owner. tot'
<br />the nUlfob..1' and If'"lth of additional leno. stated In Seclton 1. Ie, provided that th., tot.l Cuntuc:t tem for an, unit. Inc.ltldln~ 811
<br />¡-.nul'd., shall not f!Kc:eed the numb..r of ye.u .tatr.d In Section 1.1d. Rellev,l .hdl. be .U10lIIIUC unlf'U the Owner noUrles the I'HA.
<br />ftQ later th..n ,,~ dllYs prior to the uplutlon of the current term, of his Intention not to 1'<>new. H the prolect h completed In sl..¡;U
<br />t~. d.c.es tor th~ inithl lC1,fI ¡lRd nnewoll term~ shall be sepArately nl.led to the units In each sta:::,.., Provided, however. that t!1.. .
<br />tout,Contract term (or IIll the sta~',~" bt-glnnlf'1f, \11th the eCfcc:ttve d...te of th.! Contuct with rUpect ta the fhst lta~c, sh,)ll net
<br />..ceed the total Cantract te~ Itated in SectIon 1.ld. plus two yearl. In any ca_e where the project il owned by. or financed by . lOAn
<br />I~.tante. from. a State or local a~ency. the hou.ln~ ..si.tance pa,ment. pursuant ta th1. Contract vitb re.pect to anrdve1li~ unl
<br />ahall be payable awn a period not to exceed 40 yean. .' t
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<br />'1.6
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<br />1.7
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<br />I'..U. ~ of "1'''1)&11
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<br />Altern31ivc 2-1:or mohile hom('~ )rojccl:
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<br />in the C3SC or mobile home" the initi..llcrm of this Contract for rach mobile home shall be 3~ 5tat~d in Srclion 1.1 b, This Conlt:,,:t
<br />slWl be renewed, as may be mutually "~Ieed upon by the Owner and the rllA with the apPIov:11 of tit..: GOVt'rnml'ut, with n'spel:t to
<br />Iny n10bih,' home, for Ihe number and IClwth of additional terms as stated in Section Lie, pIo\'idcd that the 101:11 Contract tl'nn fur
<br />,~bll. hum.. including all rene~.l.. .h.ll not exceed the nUÞber af year. .t.ted in S.ctlon I.ld. leneval. .hall be~ome
<br />. only If eithcr part)' t:ives wrilten notlcc. no latcr th3D 60 days prior to the expiration of the current term. of his desire to rcn~w, and
<br />tile other I,;uty conCUIS or fails to object before the expiration of thc current term, If the Tnojcct is completed in st:l::l'S, the datcs fur
<br />tho Initiótl tenn and renewaltcrms shaD be scparOltcly related to the mobile homes in each stage; Provided, however. that thc totóll
<br />Contract term for a 11 the dages. beGinning with the effrctive date of the Contract with respect to the first sta~e. sh:tU
<br />not exceed the total Conlract term slated in Section 1.1 d, plus two years. For pmfloses of this paragraph a, the term "mobile homc"
<br />means thc original mobile home and any replaccment(s), combined.
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<br />effective
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<br />b.
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<br />Fiscal Year, The FisC31 Year for the project shall be the 12-month period ending on the date stated in Section l,le; Provided. how-
<br />ever that the first Fisc:11 Year for the project shall be the period bc~inning with the effective date of the Contract :md ending on tiw
<br />last day of said established Fise:tl Year which is not less than 12 months after such effective date. If the first Fiscal Yc:u exceeds 12
<br />months, the maximum total annual housing assistance payment in Section .L6a may be adjusted by the addition of the pro rata
<br />amount applicable to the period oi operation in excess of 12 months.
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<br />ANNUAL CO!I"TRmurIoNs CONTRACT,
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<br />IdentificaHon of Annual Contributions Contract, The PHA has entcred into an Annual Contributions Contract with thcGovcrnment,
<br />as identified in Section 1.lf, undcr which the Government will provide rmancial assistance to the PHA pursuant to section 8 of the
<br />Act, for the purpose of making housing assistance payment~ A copy of the ACC shan be provided upon rcquest.
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<br />PHA Plcd!!e of Certain ACC Paytnents" The PHA hereby pledges to the payment of housing assistance payments pursuant to this
<br />Contract the portion of annual contributions" payable under the ACC for such housing assistance payments. The PIIA shall not, with-
<br />. out the çonscnt of the Owner. amend or modify the ACe in any manner whicJl would reduce the amount of such annual conttibu-
<br />lions, except as authorized in the ACe and this Contract.
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<br />b.
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<br />Co
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<br />Government ^ pproval of Hou~ing: Assistance Payments Contract. The approval of this Contract by the Govcrnment signifies that
<br />1110 Covernment nas execUtea mc A.\,..\'" ana mat tne A.U., nas Deen propeny aUUI0112.eU; ¡jUt tRe iaith oi \Íle üniu.:u ðlau:s is
<br />solemnly pledged to the payment of annual contribuÙons pwsuant to said ACe; and that funds have been obligated by the Govern.
<br />ment for such payments to assist the PHA in the perfornunce of its obligations under the Contract"
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<br />MAXIMUM IIOUSING ASSISTANCE COMMITMENT; PROJECT ACCOm-/T,
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<br />M3ximum Ilousinr. A!'s;s~ancc Commitment. Notwithstanding'any other provisions of this Contract (otllt!T ,holl parogroph b of tl:is
<br />Sectio,,) or any provisions of any other contract between the PHA and the Owner, the PHA shall not be obligated to make and !lhail
<br />. not make any housing assistance IJayments under this Contract in excess of the amount per annum stated in Section 1.1&; l'l(wided,
<br />however, that this amount shan be reduced commensurately with any reduction in the number of Contract Units or in the Contrac:l
<br />Rents or pursuant to any other provision of the ACC or this Contract.
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<br />b.
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<br />Project Account, As provided in the ACC, in order to assure that housing assistance payments Win be increased on a timely basis to
<br />cover incIl'ascs in Contract Rents or decreases in Family Incoll!es: .
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<br />(I)
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<br />A Project Account sll:l1l be established and maintained, in an amount as determined by the Government consistent wilh its
<br />resp(\nsibUiliesund~r s~ction 8(e)(6) of the Act, out of amounts by whidllhe Ma~imum ACe Commitment pl:r year cxcc,'¡Js
<br />Inlounls paid uRlkr the ACe for :II1Y fiscal Year, This account shall 'be \.'stablished and maintained by the Govern:11l'nt ~s ~
<br />Ipccificall)' hlenlilïcd and sc~re~atC'd aC;;~Junt. To the extent funds arc aV'~ilable in said account, the maximum tol;11 ¡:IU~II.ll
<br />housing assisla.ncc pa)'mcnts for any Fiscal Year limY exceed the m;lximum amount !'t;ltcd in paragraph a of thio; Section 10
<br />('()VCI incrcases in eont¡~¡;t Rents or dCl"n'aSes in F3mily Incomes (sa S~('/Ùm /,9), AllY amount rem:tining in s;lid aecouut
<br />.fter J'3)'mrnt of the last housing assistance ¡¡a)'ment with res ,ect to the project shall be applied by the Government ill
<br />Iccord:1ßC'C with law. '
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<br />'(2)
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<br />WhelleVl'r the Governmcnt :lprrovcd ~'stim:ltc of the required Annual Contribution cxccrds the Maximum ACC Commi::ncnt
<br />tlK'n in ('nl'ct, an~1 would C:lUse th~ amount in the rmjcct Al'count to be k!iis Ihan :In amount cqu:l1 to 40 I'crl'('nt of qll"h
<br />Maximum Ace Cmumilmcnt, the Go\'¡;mnwnt shall, wilhin:1 fl'asol1ólblc p~Iiod C\r timc, t:¡kc sudt adJiti~)fIal5tl'ps :tlllh\lrill'¡J
<br />by Sl'dion 8(c)(6) ~,f Ihl' Al'l as m:IY bL' Itl',"\'ss:.tr)' to carry nut this as~ur:lncC'. ina:hiJilw (as PfOl'ù/('(/ ¡If IlIat sa'tÙm of ¡/i,' ,,It'I)
<br />"the rrSl'rvati'HI 01 :ll1nllal ,'ontnbuIÎI.Uls authorit)' for Ihc pUII'OsC uf 3mcm.lh11: hOllsinç as<;istance contracb or the aUol.';lti\111
<br />or. portion of neW authoÜ7ations for the PUI 'H.)SC of amending housing assistanc..: ~.ontratts."
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<br />1I00ISING ASSIST,\NC'I' PA YMrNTS TO OWNERS,
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<br />('.rnC'r;II.
<br />
<br />(I)
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<br />IItnl'óinr. :Issid:¡nl'c P:I)'Þll'nls sll:11I bL' ,':thl to the Owner for units und~r I\'ól<;~ by F~I11i1icshl arcordantc wilh the Contract,
<br />1''''' huuo¡inl~ :ls\isl;Uln' I.I)'IIWul will "~'\l'llhc dilf,,'(l"wc hl'tWC\.'U th.: runuaa:tlb'nt;lnd Ih:11 I'~ulion uf 5ólid Icnt paYólbk b)'
<br />the Family ;tS dC'h'lmim'¡j in óll"'otd.m~'e wilh Ihe (;,w\'rnll1\'nt...'~t¡,blishl'llsd1l'lllIks 3ml csitcria,
<br />
<br />(2)
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<br />Th,~ amt'unt of huusin ! assisl,II1'''''I1, ~'nwnt IlilYilhlc 011 t'H.'hoM uf II F:ltuily :1tI,llh~ :ulluunt (If fl'ut p:IY:lhk~ by ~uch Fillnily
<br />.h"1t t,.: suhj~.,'II4Idl.lll':~' hy H',I"'II ul \'h,III':~" iu F¡ullily Im'ul1Il', 1:;l1uil) ,'ulIIl'tl\Îliun, tit \.'lI.ll'lIl uh:u"',liullutu",dil'óll Ul'
<br />ulhl'r UlUlSU;lll'\lwn~'s, in J\".UlllaIK'" wilh Ih.... t:u\'t'llum'nt",'\I:lhli!ohctl sdl~'dul\'!C .1111.1 t:lih'ri:l; "' by r\';t\tln lit" ;nlll1>;llIl\'nl by
<br />II,,-'I'IIA ut" ó1U)' :11'l'lk;,I.I~' '\1111\\':111\'\' 1'111 1IIIIui,'" ¡lful UIII,', Sl'fvkc't, Any "lid. d"'II ~e !lh:11I I", dh'divl! :Is ul' till' dOli,' >;Iótlnl
<br />11111 l'ulilin'liun ul" sudl dlJnl:~' tn tlu' F.l1uily,
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