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CV Hands were awarded to the CITY, The Term of this Agreement may be extended by a writing
<br />executed by the City Manager, or his or her designee, and the City Attorney,
<br />The CDBG-CV FUNDS shall be disbursed by CITY to SUBRECIPIMNT on a quarterly basis, or as
<br />approved by CITY, subject to and upon receipt and approval of complete quarterly activity report from
<br />SUBREC rPIENT, with the final payment subject to the satisfaction of the condition precedent of
<br />submittal of complete reporting inforn€aition due oil or before July 15 of the applicable funding year, as
<br />hereinafter more fully set firth. SUBRECIPIENT shall be obligated to perform auch duties as would
<br />normally extend beyond the term, including, but not limited to, obligations with respect to
<br />indemnification, audits, reporting, data retentiontreporting, and accounting. Failure to provide any of the
<br />required documentation anti reporting WW cause CITY to withhold all or a portion of a request for
<br />troimbursement, or return the entire relinbursement package to SUC3ItCCIP11,W, until such
<br />documentation and reporting has been received and approved by CITY,
<br />The CTI"Y reserve, the right to reduce the amount of CDBG-CV FUNDS to SUBRF.CIPII;NT, or to
<br />completely terminate this Agreement, in the CITY's solo discretion, if there is a reduction in CD13t3-CV
<br />VUNDS provided to the CITY.
<br />The CITY reserves the right to reduce the grant application if the CITY's fiscal monitoring indicates
<br />that SUBRECIFIBNT's rate of expenditure will result in unspent Rinds at the end of the program years.
<br />Amendments in the grant allocation will be made after consultation with SUBRECIPIENT,
<br />C. TJsa of Iaunds. SUBRE?CIPIENT agrees to use all federal funds provided by CITY' to
<br />SIAMCI'IE pursuant to this Agreement to operate said program, as set forth in Exhibit A, attached
<br />hereto and by this reference incorporated herein. SUBRECIPII'sNT S failure to perfenn as required may, in
<br />addition to other rcmed ics sot forth in this Agrccrumt, result in riedinstruent of the amount of funds CITY is
<br />otherwise obligated to pay to SUBRECJFIBNThereunder.
<br />D. Allo,�, w,abte Qp s SU13RHCIPIENT agrees to complete said program within tine terns of this
<br />Agreement, and to use said funds to pay for necessary and reasonable costs allowable under the federal law
<br />and regulations to operate said program. Said amounts shall include, but not be limited to, wages,
<br />admbustrative casts, and employee benefits comparable to other similarly situated employees, and indirect
<br />costs, Other allowable program eosts are detailed in the budget, asset forth in Exhlbit B, attached hereto and
<br />by dais reference incorporated herein. SUBRECOMN'i' shall use all income received from said funds only
<br />for the same purposes for which said funds may be expended pursuant to the terms and conditions of this
<br />Agreement. SUBRECIPIENT has the ability to adjust fino item amounts in the budget with the written
<br />approval of the CITY's Executive Director of the Community Development Agency, or designee, so long as
<br />the total budget amount does not increase.
<br />Pursuant to 2 CTR §200.331(a)(4), the Indirect Cost Rate for the SUBRI3CIPIENT's award shall
<br />be an approved federally recognized indirect cast rate negotiated between the SUBRECIPIE3NT and the
<br />Federal government, or, if no such rate exists, the do minimis indirect cost rate as defined in 2 CrR
<br />§200414(b) Indirect (F&A) costs,
<br />For this Agreerae it, the do minimis indirect cost rate of 100/0 will apply,
<br />E. Iice, nsi a. SUBREC111113NT agrees to obtabn and malutain all required licenses,
<br />registrations, accreditation and inspections from all agencies governing its operations. SUi3RBCIP1 "1'
<br />shall ensure that its staff shall also obtain and maintain all required licenses, registrations, accreditation and
<br />inspections Ron, all agencies governing SIJBRBCIPIFNT's operations hereunder. Such licensing
<br />requirements include obtaining a City business license, as applicable.
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