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EXECUTION COPY <br />PARTICIPATING VILI,AGE <br />LINKED DEPOSIT PIZOGRAM AGREEMENT <br />THIS LINKED DEPOSIT PROGRAM AGREEMENT, made and entered into as <br />of , between the Board of County Commissioners of Cuyahoga County, Ohio <br />(the "Board of County Commissioners") and the Village of Mayfield, Ohio (the "Village"), a <br />municipal corporation and a political subdivision duly organized and existing under the laws of <br />the State of Ohio, under the following circumstances summarized in the following recitals: <br />WHEREAS, pursuant to Ohio Revised Code Section 135.80 (the "Act"), the <br />Cuyahoga County, Ohio Treasurer (the "Treasurer") on behalf of Cuyahoga County, Ohio (the <br />"County") has established a linked deposit loan program referred to as the Cuyahoga County <br />Treasurer's Linked Deposit Program (the "Linked Deposit Program") for the purpose of <br />enhancing housing in the participating cities; and <br />WHEREAS, through the Linked Deposit Program, certain eligible lending <br />institutions (each an "Eligible Lending Institution"), pursuant to an agreement between the <br />Treasurer and each Eligible Lending Institution (such an agreement hereafter referred to as a <br />"Participating Bank Agreement"), will provide loans at a below-market interest rate (each a <br />"Linked Deposit Loan") to owners of real property located in, and used as housing for residents <br />of, the Village ("Eligible Borrowers") for certain housing repairs and improvements pursuant to <br />the terms of an agreement between the Treasurer and such Eligible Lending Institution; and <br />WHEREAS, pursuant to Ordinance No. 2006-01 duly passed by the Council of <br />the Village, the Village has determined and is authorized to participate in the Linlced Deposit <br />Program; and <br />WHEREAS, in order for the owners of residential real property in the Village to <br />participate in the Linked Deposit Program, the Village and the Board of County Commissioners <br />must execute this Participating City Linked Deposit Program Agreement (the "Agreement"); and <br />WHEREAS, the Board of County Commissioners pursuant to Ohio Revised Code <br />Section 307.15 and a resolution duly adopted by the Board of County Commissioners is <br />authorized to enter into this Agreement with the Village and is further authorized to perform <br />certain functions on behalf of the Village as hereinafter provided; <br />NOW, THEREFORE, the Village and Board of County Commissioners agree as <br />follows: <br />Section 1. Villa eg 's Agreement to Participate in Treasurer's Linked Deposit <br />Program; Duties. <br />(a) The Village hereby agrees to (i) participate in the Linked Deposit <br />Program, (ii) assist in the marketing of the Linlced Deposit Program to Eligible Borrowers, (iii) <br />comply with all rules and regulations relating thereto, whether such rules and regulations are <br />now in effect or are hereafter enacted, including, without limitation, the monitoring of all <br />{HELPVILLAGEAGREEMENT;1 }