Laserfiche WebLink
(c) Familiarity With Services Required. By executing this Agreement, SUBRECIPIENT <br /> warrants that(i) it has thoroughly investigated and considered the services to be performed and provided <br /> hereunder, (ii) it has carefully considered how the services should be performed, and (iii) it fully <br /> understands the facilities, difficulties and restrictions attending performance of the services under this <br /> Agreement. <br /> (d) No Conflict. To the best of SUBRECIPIENT'S knowledge, SUBRECIPIENT'S execution, <br /> delivery and performance of its obligations under this Agreement will not constitute a default or a breach <br /> under any contract, agreement or order to which SUBRECIPIENT is a party or by which it is bound. <br /> (e) No Bankruptcy. SUBRECIPIENT is not the subject of any current or threatened bankruptcy <br /> proceeding. <br /> (f) No Pending Legal Proceedings. SUBRECIPIENT is not the subject of a current or <br /> threatened litigation that would or may materially affect SUBRECIPIENT'S performance under this <br /> Agreement, <br /> (g) Application Veracity. All provisions of and information provided in SUBRECIPIENT'S <br /> application for funding submitted to CITY, including any exhibits, are true and correct in all material <br /> respects. <br /> (h) No Pending Investigation. SUBRECIPIENT has no knowledge that it is the subject of any <br /> current or threatened criminal or civil action investigation by any public agency, including without <br /> limitation a police agency or prosecuting authority, that would relate to or affect performance of the <br /> Agreement or provision of services hereunder. <br /> B. Amount of Grant/Term and Quarterly Disbursement. The amount granted to <br /> SUBRECIPIENT is $500,000 ("CDBG FUNDS"), for a one-year term from July 1, 2025 through <br /> December 30, 2026 for the program named; Residential Rehabilitation Grant Program. Such funds shall <br /> be expended by SUBRECIPIENT on or before December 30, 2026. The Term of this Agreement may be <br /> extended by a writing executed by the City Manager, or his or her designee, and the City Attorney, The <br /> CDBG FUNDS shall be disbursed by CITY to SUBRECIPIENT on a quarterly basis subject to and upon <br /> receipt and approval of a complete quarterly activity report from SUBRECIPIENT, with the final <br /> payment subject to the satisfaction of the condition precedent of submittal of complete reporting <br /> information due on or before July 15 of the applicable funding year, as hereinafter more fully set forth, <br /> SUBRECIPIENT shall be obligated to perform such duties as would normally extend beyond the term, <br /> including, but not limited to, obligations with respect to indemnification, audits, reporting, <br /> data retention/reporting, and accounting. Failure to provide any of the required documentation and <br /> reporting will cause CITY to withhold all or a portion of a request for reimbursement, or return the entire <br /> reimbursement package to SUBRECIPIENT, until such documentation and reporting has been received <br /> and approved by CITY. <br /> The CITY reserves the right to reduce the amount of CDBG FUNDS to SUBRECIPIENT, or to <br /> completely terminate this Agreement, in the CITY's sole discretion, if there is a reduction in CDBG <br /> FUNDS provided to the CITY for program years 2025-2026. <br /> The CITY reserves the right to reduce the grant application if the CITY's fiscal monitoring indicates <br /> that SUBRECIPIENT's rate of expenditure will result in unspent funds at the end of the program years. <br /> Amendments in the grant allocation will be made after consultation with SUBRECIPIENT. <br /> 2 <br /> Doc ID: 2883e53ace58c2978f66962168aec7da97b98a8b <br />