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5. 1tQq of Insurance, Certificates and endorsements must be submitted and approved by CITY prior to any work under this Agreement, S1J CIpIBN"f understands that CITY will make no payments under this Agreement until the required certificates and endorsements have been approved by CITY. XI. ICIt VU—§10N OF ASSETS A, upon the expiration of this Agreement, SUBRECIPIENT shall transfer to CITY any CDBCI-CV funds on hand at the time of the expiration of this Agreement as well as any accounts receivable attributable; to the use of CDBG-CV firtrds, [24 CFR 570.503(b)(7)] R. Any teal property under SUBUC IPil3NT% control that was acquired or unproved in whole or in part with CDBG-CV funds in excess of $25,000.00 must either be; 1. Used, where' CITY has given written approval, to meet one of the national objcotives stated in 24 CFR 570,208 until five (5) years after expiration of this Agreement, or for such longer period of time as determined to be appropdato by CITY, or 2. If not: used in accordance with subparagraph I above, SUi3RECIPIEW shall pay to CITY an amount equal to the current fair market value of the property Tess arty portion of Ilse value attributable to the expenditure of non-C'.DBG funds for acquisition of, or huprovement to, the property. Such payment is program hrcomo to CITY. C. Subject to the obligations set forth pre€eiu, titles to equipment acquired under the terms of this Agreement will vest capon acquisition in SUBRECIPIENT. When said equipment which has been acquired in accordance with this Agreement and all applicable regulations is no longer needed for said program, disposition of said equipment will be made as folloivs: 1. Items of equipment with a current per urii fair market value of less than $5,000,W may be retained, sold or otherwise disposed of with ao further obligation to C:i Y, 2. Items of equipment with a current fair market per emit value of $5,000,00 or more may be retained. or sold and CITY shall have the right to an amount calculated by multiplying the current market value or proceeds from the sale by CITY's share of federal funds used to acquire the equipment, in accordance with 2 CFR 200.313(e)(2). D. SUBItECIPiENT heresy agrees, upon the demand of CITY, to execute, acknowledge and deliver, or cause any person or entity who may have any claim to rights hereunder or under any document, iinstrrnnent or agreement executed in furtherance of the services and activities to be performed hereunder, to executo, acknowkdp and deliver, to CITY assignment(s), quit claim dccd(s) or such other and further instruments, documents and agreements as may be necessary, in the sole and absolute discretion of CITY, to vest in CITY all of SUBRECIPMNT's right, title and interest (if any it may have) in and to CITY, CDBG. CV or other federal, state and/or local accounts or program funds or allocation of 11mds to which CITY is or may be entitled, either for its own account or as fiduciary or trustee for others, which were obtained for the purpose of the performance of this Agreement or say previous agreements relating to the same subject matter or activities as this Agreement, together with any instruments, loans; grants or advances by SUBRBCiPIRhT on behalf of CITY, in furtherance of the activities hereunder or thereof, SUBRBCIPTBNT's obligations and responsibilities set forth In ails paragraph "x . REyBRSION 6F ASSETS," and in paragraph "XII, TMjAfiNATXM and other requirements pertaining to program income shall not be affected by the termination of this Agreement and shall survive the date of termination of this 13