Laserfiche WebLink
Agreement for such period of time as CITY and/or HUD deems necessary for the responsibilities, duties and <br />obligations to be performed and completed to the satisfaction of CITY and HUD. <br />XU. TERMINATION <br />A. This Agreement maybe terminated on thirty (30) days' written notice by either party. lathe <br />event of such termination, SUBRECIPIENT shall only be entitled to reimbursement for approved expenses <br />incurred to the effective date of termination. <br />B. This Agreement may be suspended or terminated by CITY upon five (5) days' written notice for <br />violation by SUBRECIPIENT of Federal Laws governing the use of CDBG-CV Funds. In the event of such <br />suspension or termination, SUBRECIPIENT shall only be entitled to reimbursement for approved expenses <br />incurred up to the effective date of suspension or termination. <br />C. Pursuant to 2 CFR 200.340, in the event SUBRECIPIENT defaults by failing to fulfill all or any <br />of its obligations hereunder, CITY may declare a default and termination of this Agreement by written notice <br />to SUBRECIPIENT, which default and termination shall be effective on a date stated in the notice which is to <br />be not less than ten (10) days after certified mailing or personal service of such notice, unless such default is <br />cured before the effective date of termination stated in such notice. If terminated for cause, CITY shall be <br />relieved of further liability or responsibility under this Agreement, or as a result of the termination thereof, <br />including the payment of money, except for payment for approved expenses incurred for services <br />satisfactorily and timely performed prior to the mailing or service of the notice of termination, and except for <br />reimbursement of: (1) any payments made for services not subsequently performed in a timely and <br />satisfactory manner; and, (2) costs incurred by CITY in obtaining substitute performance. <br />D. The grant of funds under this Agreement may be terminated for convenience by either the CITY <br />or SUBRECIPIENT, in whole or in part, by setting forth the reasons for such termination, the effective date, <br />and, in the case of portion termination, their portion to be terminated. However, if in the case of a partial <br />termination, the CITY determines that the remaining portion of the award will not accomplish the purpose for <br />which the award was made, the CITY may terminate the award in its entirety. <br />E. The grant of fimds under this Agreement may be terminated due to the non-performance of <br />SUBRECIPIENT and/or failure of SUBRECIPENT to perform the work described in Exhibits A and B or <br />failure to meet the performance standards and program goals set forth therein. <br />F. The grant of funds under this Agreement may be terminated due to the failure of the CITY to <br />receive sufficient or anticipated funding from HUD for the CDBG-CV program for any term subject to this <br />Agreement. <br />G. In the event this Agreement is terminated as set forth in subparagraphs XII.A. through XII.F., <br />inclusive, SUBRECIPIENT agrees to immediately return to CITY upon CITY's demand and prior to any <br />adjudication of SUBRECIPIENT's rights, any and all funds not used, and to comply with paragraph "XI. <br />REVERSION OF ASSETS" of this Agreement. <br />XIH. LIMITATION OF FUNDS <br />The United States of America, through HUD, may in the future place programmatic or fiscal <br />limitations on the use of CDBG-CV funds, which limitations are not presently anticipated. Accordingly, <br />CITY reserves the right to revise this Agreement in order to take account of actions affecting HUD program <br />funding. In the event of funding reduction, CITY may, in its sole and absolute discretion, reduce the budget <br />of this Agreement as a whole or as to costs category, may limit the rate of SUBRECIPIENT's authority to <br />14 <br />