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commit and spend fiends, or may restrict SUIIRECTI' ENT" s use of both its uncommitted and its unspent <br />funds. 'Where T-MD has directed or requested CITY to lrnplemeat a reduction in 1Gnding, to whole or as to a <br />cast category, wilb respect to lording for this Agreement, CITY's City Manager or delegate is authorized to <br />act for CITY In implementing and effecting such a reduction and in revising, modliying, or amending the <br />Agreement for such purposes. If such a reduction in flmding ocec^ SUIIRECIPIE?NT shall be permitted to <br />de -scope accordingly, Whore CITY has reasonable grounds to question. S-UBRECIPWNT's fiscal <br />accountability, financial soundness, or compliance with tills Agreement, CITY may suspend the operation of <br />this Agreement for up to sixty (60) days upon five (6) days written notice to SUITRIit IPWNT of its intention <br />to so act, pending an audit or other resolution of such questions. In no event, however, shall any revisions <br />made by CITY affeot .expenditures and legally binding commitments made by SUBRECIIPIENT before it <br />received notice of such revision, provided that such amounts have been eommitted in good faith and are <br />otherwise allowable and that such commitments are consistent will'I-IUD cash withdrawal guidelines. <br />XIV. EXCLUSIVITY AND AtFILND1417"NT OF n-CI FNlENT <br />This Agreement supersedes any and all other agreements, either oral or in writing, between the <br />parties hereto with respect to the use of CITY's CDBG-CV funds by STJBRECiPIP:NT and contains all the <br />covenants and agreements between the parties with respect to such employment In any manner whatsoever. <br />Each party to this Agreement acknowledges that na representations, inducements, promises or agreements, <br />orally or otherwise, have been made by any party, or anyone acting our behalf of any party, whiell are not <br />embodied herein, and that no other agreement or amendment hereto shall be effective unless executed in <br />writing and signed by both CITY and SUBRLCIPIENT. <br />XV. LAWS GOVEIE Lr~i(, TJIIS ACRI1 ,NFNT <br />This Agreement shall be governed by and construed In accordance with the laws of the State of <br />California, and all applicable federal laws and regulations. <br />XV`L CLOSE-0 I° <br />The SUBRECIPIEN`h' agrees to comply with the elosLout procedures detailed in 2 CPR §200,343, <br />including the following <br />I. SUBRECiPIEN1' must submit, no tutor than ninety (90) calendar days.after the end <br />data, of the period of performance, all financial, performance, and other reports as required by the <br />terrors and conditions of the Federal award; <br />2. Unless the CITY authorizes all extension, SUBRECIPIENT must liquidate till <br />obligations incurred under the Federal award not later than ninety (90) calendar days after the <br />end date of the period of performance as specified in the terms and conditions of tine Federal <br />award; <br />3. SUBRECIPIENT must promptly refund any balances of unobhigated cash that the <br />CITY paid in advance or paid and that is not authorized to be retained by gUBRBCIPIT3 r for <br />use in other projects (See OMB Circular A-129 and 2 Clot §200,345); <br />4. SUBREC:IPIENT must account for any real and personal property acquired with <br />Federal funds or received fitiotn the Federal govermuctit in accordance with 2 CFR §§200.310- <br />200.31 G and 200.329; and, <br />15 <br />