The County Executive may enter into an agreement with a community services corporation to administer federal, State, and County Community Development Programs. The programs are funded by private and public funds, including grants from the County in accordance with the annual budget and pursuant to the agreement. The agreement:
(1) shall provide that the community services corporation will administer, implement, and manage on behalf of the County those federal, State, and County Community Development Programs designated in the agreement and in accordance with the legal requirements of those programs;
(2) shall require the corporation to perform, on behalf of the County, all matters necessary to maintain eligibility for the receipt of funds under the designated federal and State Community Development Programs, except those which by law must be performed by the County;
(3) may provide, except as otherwise provided by law or contractual obligation, for the assignment to the corporation of any or all of the County's rights, benefits, entitlements, and obligations under existing notes, mortgages, grant mortgages, deeds of trust, purchase money deeds of trust, and other similar liens, that were created through transactions funded under federal, State, or County Community Development Programs;
(4) shall provide that revenue and receipts from prepayments and repayments of transactions funded in whole or part through federal, State, or County programs shall be received, held, expended, and accounted for in accordance with all applicable federal, State, and County requirements;
(5) shall provide that the corporation may not obligate the County, except as required by law under federal, State, and County Community Development Programs administered by the corporation on behalf of the County, or as expressly authorized in the agreement;
(6) shall require the corporation to submit to the County financial statements of a type and frequency acceptable to the Controller, as specified in the agreement;
(7) shall require the corporation to submit an annual audit to the County, in conformity with all federal, State, and County program requirements, and an annual report to the County Executive and the County Council concerning its activities;
(8) shall authorize the County Executive's designees and the County Auditor to audit, individually or together, all corporate financial and program records;
(9) shall provide that, in the event of dissolution, bankruptcy, receivership, or failure of the corporation to meet its material obligations under the agreement, the corporation shall assign back to the County all assignable rights, benefits, entitlements, and obligations under the notes, mortgages, grant mortgages, deeds of trust, purchase money deeds of trust, and other similar liens previously assigned to the corporation by the County;
(10) may not pledge or authorize the corporation to pledge the full faith or credit of the County;
(11) may grant, transfer, and release to the corporation any and all right, title, and interest that the County has in vehicles, equipment, supplies, and materials that were purchased with federal Community Development Block Grant funds;
(12) may provide for the corporation to lease, at a nominal rate, office space in a County-owned building;
(13) may require the corporation to review, approve and monitor compliance with mobile home park relocation plans, and shall provide that the corporation may charge a mobile home park owner a fee as established in Article 17 of this Code for the review, approval and monitoring of a mobile home park relocation plan; and
(14) may contain any other provision not inconsistent with those required by this section or by any other law.
(1985 Code, Art. 2, § 4A-101) (Bill No. 40-93; Bill No. 17-00; Bill No. 23-04; Bill No. 20-14)