The memorandum of understanding establishes an agreement between the City of Mytown Department of Environment and the Mytown Housing Authority whereby:
1) The City will assume the role of responsible entity and perform all required environmental reviews for the Authority's projects in accordance with HUD and NEPA regulations.
2) The Authority will provide the City with necessary project information and reimburse the City for costs associated with the environmental reviews.
3) The initial term of the agreement is for [number of] years, after which it can be terminated by either party with appropriate notice.