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Any utilization of funds from the disposition, including, sale, of <br />non -expendable property must have the approval of CITY and HUD and <br />otherwise comply with HUD or other federal laws and regulations. <br />In the event of termination of this agreement, CITY reserves the <br />right to determine the final disposition of said non -expendable <br />property, including funds and/or any other assets derived, <br />therefrom. Said disposition may include CITY taking possession of <br />said non --expendable property. The term "Non -expendable personal <br />property" means leased and purchased tangible personal property <br />having a useful life of more than one (1) year and acquisition cost <br />of $300.00 or more per unit. <br />M. SUBRECIPIENT also warrants that it will comply with: <br />1. Requirements of Section 3 of the Housing and Urban <br />Development Act of 1969, as amended by Publ.Law 98-181, Nov. 30, <br />1983, 40 US.C. 4846. <br />2. Requirements relating to equal employment <br />opportunities, as set forth in "Exhibit D," attached hereto and by <br />this reference incorporated herein. <br />3. Compliance with the Clean Air Act, as amended (42 <br />U.S.C. 1857 et seg.), the Federal Water Pollution <br />Control Act, , as amended (33 U.S.C. 1251 et-seq.), <br />the EPA regulations in 40 CPR Part 1500, as <br />amended. <br />4. Compliance with Federal Labor Standards, as set <br />forth in the Davis -Bacon Act, as amended. <br />5. Requirements forbidding interests of certain <br />Page 7 of 21 Pages <br />