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2. After eighteen months, funds not committed will be made available to any • SUBRECIPIENT on a first come, first served basis or based on a priority system developed by the COMMISSION and agreed to by all MEMBERS; 3. Each MEMBER unit of local government will, by resolution, name a SUBRECIPIENT. to carry out housing activities outlined in the Consolidated Plan within the locality which are funded with HOME program funds (as differentiated from HOME CHDO funds). The SUBRECIPIENT will enter into a contract with the COMMISSION to insure proper implementation and management of the HOME program and funds. Contract Period: 1. The term of this Agreement shall cover a period of three (3) years beginning October 1, 2001 and ending September 30, 2004. The terms of this Agreement will be automatically renewed for participation in successive three-year qualification periods and the LEAD AGENCY will notify each MEMBER in writing of its right not to participate for the successive three-year qualification period. It is understood that non -participation by any one MEMBER may have the effect of discontinuing the CONSORTIUM, and the forfeiture of future federal funding under the HOME Investment Partnership Program for all MEMBERS. The CONSORTIUM will adopt any amendment to the AGREEMENT incorporating changes necessary to meet the requirements for cooperation agreements set forth in a Consortia Qualification Notice applicable for a subsequent three-year consortia qualification period, and will submit the amendment to HUD as specified in the Consortia • Qualification Notice for that period. Failure to do so will automatically void the automatic renewal of the AGREEMENT; 2. The original AGREEMENT began effective October 1, 1992 and MEMBERS are on the same program year for the CDBG and HOME programs, which begins July 1 and ends June 30; 3. The contract may be amended to provide for a change in the managing body or the funding formula or any other component, provided such a request for change is submitted to the COMMISSION at least ninety (90) days before the beginning of the fiscal year (July 1). The COMMISSION will consider the request and communicate with each MEMBER regarding the request to develop consensus to the change requested. HOME CONSORTIUM Cooperation Agreement