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IX. REVERSION OF ASSETS <br />Upon the expiration of this agreement, SUBRECIPIENT shall <br />transfer to CITY any CDBG funds on hand at the time of the <br />expiration of this agreement as well as any accounts receivable <br />attributable to the use of CDBG funds. Any real property under <br />SUBRECIPIENT's control that ..was acquired or improved .in ,whole or in <br />part with CDBG funds in excess of $25,000.00 must either be: <br />A. Used where CITY has given written approval to meet <br />one of the national objectives stated in 24 CFR 570.208 until five <br />(5) years after expiration of this agreement, or for such longer <br />period of time as determined to be appropriate by CITY; or <br />B. Disposed of in a manner that results in CITY's being <br />reimbursed in the amount of the current fair market value of the <br />property less any portion of the value attributable to the <br />expenditure of non-CDBG funds for acquisition of, or improvement <br />to, the property. <br />Furthermore, SUBRECIPIENT hereby agrees, upon the demand <br />of CITY, to execute, acknowledge and delivery, or cause any person <br />or entity who may have any claim to rights hereunder or under any <br />document, instrument or agreement executed in furtherance of the <br />services and activities to be performed hereunder, to execute, <br />acknowledge and delivery, to CITY assignment (s), quit claim deeds) <br />or such other and further instruments, documents and agreements as <br />may be necessary, in the sole and absolute discretion of CITY, to <br />vest in CITY all of SUBRECIPIENT's right, title and interest (if <br />any it may have) in and to CITY, CDBG or other federal, state <br />Page 15 of 21 Pages <br />