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D. In the event this agreement is terminated as <br />set forth in Part XIIIA through Part XIIID, inclusive, <br />SUBRECIPIENT agrees to immediately return to CITY upon <br />CITY's demand and prior to any adjudication of SUBRE- <br />CIPIENT's rights, any and all funds not used, and to <br />comply with this Part XIII regarding closeout procedures. <br />E. Closeout Procedures <br />1. "Closeout" is defined as termination of <br />SUBRECIPIENTTIs Community Development Block Grant program. <br />Upon closeout, SUBRECIPIENT shall transfer to CITY any <br />CDBG funds on hand at the time of the expiration of this <br />agreement as well as any accounts receivable attributable <br />to the use of CDBG funds. Any real property under <br />SUBRECIPIENT's control that was acquired or.improved in <br />whole or in part with CDBG funds in excess of $25,000.00 <br />must either be: <br />a. Used to meet one of the national objec- <br />tives stated in 24 CFR 570.208 until five (5) <br />years after expiration of this agreement, or <br />for such longer period of time as determined <br />to be appropriate by CITY; or <br />b. Disposed of in a manner that results in <br />CITY's being reimbursed in the amount of the <br />current fair market value of the property less <br />any portion of the value attributable to the <br />Page 6 of 8 Pages <br />