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under this paragraph for the purpose of supplementing other <br />loans for which such property owner is otherwise qualified. <br />F. CON PACTOR shall com*renca- to use the funds <br />depositeC in the, RLF for rehabilitation financing �ssistancv <br />within forty five (45) calendar days from and after such <br />deposit in accordance with TTTJD recu7ations. <br />C. COlTRhCTOF shall submit quarterly reports to <br />CI-Y, 4ue: on or before the first clay of July, October, January, <br />and? Arril of each year duringq, the tern of this Acreerecnt, <br />containing the following irjformation: <br />I. Statistical data,with respect to loans <br />in T>rogr€lss and completnd. <br />2. A detail report of RLF activity. <br />3. An overview of staff and volunteer activity. <br />q. CONTRACTOR shall Present to the CITY annually, <br />can or :.sefere the first day of July during each year of this <br />Agreemment, a copy of its financial audit, which shall be <br />performed by an independent certified public accountant. <br />I. upon termination of thin Pgreenent, CONTRACTn*. <br />shall continue to utilize all funds remaining in the PLF for <br />the purpose stated hesreinaboFe in Paragraph I.A., provih.ed, <br />however, that if £ONO -FACTOR for any reason discontinues <br />husincss during the term of this Agreement, the assets co -"pitted <br />by CITY for loans shall be returnee: to CITY. <br />IT. City's Obligations. <br />A. CITY agrees to,budget One Hundred Thousand <br />Dollars ($1 ^,000.LQ) per year for three (3) consecutive <br />years (fiscal years 1979-82), subject to the availability of <br />Community Us,Velopme'nt Block Grant fun4ing, for a public <br />z nprcv,rent nrograr.i within the target area as shown in Z. hi it <br />T" =-stnr.linhcd after citizen participation, review by COFTRaCT'Or's <br />poard of Lirectors, and as -approved by the City Council of <br />CITY. <br />B, CITY agrees to provider a bilingual housing <br />code inspector, as required, to work in anO implement a code <br />-3- <br />_,- <br />