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FIESTA MARKETPLACE PARTNERS (7)
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FIESTA MARKETPLACE PARTNERS (7)
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Last modified
9/4/2024 5:48:48 PM
Creation date
8/26/2024 3:02:04 PM
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Contracts
Company Name
FIESTA MARKETPLACE PARTNERS
Contract #
A-1986-080
Agency
Community Development
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Recipient to enforc, he undertakings or assurances .._.Participating Parties <br />respecting the creation of jobs which are specified in Exhibit A of this Grant <br />Agreement. <br />Section 5.04 Oblation to Cure Title Defects <br />(a) The Recipient shall use its best efforts to promptly cure, or <br />cause to be cured, any defect in the title to any real property necessary to <br />the completion of Recipient Activities, where such defect will or may have a <br />material adverse effect on the use of such real property for the Project. <br />(b) The Recipient agrees that the foregoing obligation means that <br />the Recipient shall, to the maximum extent permitted by law, use and apply all <br />of its governmental and proprietary powers, including but not limited to those <br />powers governing taxes, other revenues, credit, eminent domain and appropria- <br />tions, if necessary, for the purpose of assuring the availability of all real <br />property, free and clear of adverse and inhibiting title defects, which is <br />necessary to complete Recipient Activities. <br />Section 5.05` Notification and Action Upon Default <br />(a) The Recipient shall promptly give written notice to the <br />Secretary upon the discovery by the Recipient of any default involving any <br />Participating Party, as defined in Section 7.01 of this Grant Agreement. <br />(b) Promptly upon the discovery of any default involving any Participating <br />Party, the Recipient shall vigorously pursue, to the fullest extent possible, all <br />remedies available to Recipient to remove or cure such default, or to seek redress <br />or relief from its effects, including reimbursement for any grant funds expended <br />on the Project, and to prevent or mitigate any adverse effects on the Project. <br />Recipient shall keep the Secretary fully informed as to the status of such <br />actions. <br />ARTICLE VI <br />INSPEMON AND REVIEW <br />Section 6.01 Duty to Maintain, and Rights to Inspect and Copy, <br />Books, Records and Documents <br />(a) The Recipient shall keep and maintain such books, records and <br />other documents as shall be required under rules and regulations now or hereafter <br />applicable to grants made under the VDAG Program, and as may be reasonably necessary <br />to reflect and disclose fully the amount and disposition of the grant funds, the <br />total cost of the activities paid for, in whole or in part, with grant funds, and <br />the amount and nature of all investments related to such activities which are <br />supplied or to be supplied by other sources. <br />(b) All such books, records and other documents shall be available at <br />the offices of the Recipient (except that books, records and other documents <br />Of a Participating Party which are subject to this Section 6.01 may be maintained <br />at the offices of such Participating Party) for inspection, copying, audit and <br />examination at all reasonable times by any duly authorized representative of the <br />Secretary or the Comptroller General of the United States. <br />Section 6.02 Site Visits <br />Any duly authorized representative of the Secretary shall, at all <br />reasonable times, have access to all portions of the Project. <br />Section 6.03 Duration of Inspection Rights <br />The rights of access and inspection provided in this Article VI shall <br />continue until the completion of all close-out procedures respecting this grant, <br />and until the final settlement and conclusion of all issues arising out of this <br />grant. <br />Section 6.04 Reports <br />The Recipient shall promptly furnish to the Secretary all reports <br />required to be filed in accordance with any directives of the Secretary or any <br />statute, rule or regulation of HUD. Recipient shall provide to the HUD Area <br />and Central Offices an annual report on the use of Program Intone as long as <br />such funds are generated by the Project. <br />9 <br />Revised 6/81 <br />
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