CALIFORNIA DEPARTMENT OF PARK AND RECREATION

Home Browse Search

Exhibit B 1. If GRANT MONIES are advanced for DEVELOPMENT prcleots, the advanced funds Ishall be placed in an Interest bearing account until expended. Interest earned on the advanced funds shall be used on the project as approved by the STATE. If grant monles are advanced and not expended, the unused portion of the grant and any interest earned shall be retumad to the STATE~ Within 180 days after project completion or end of the Grant Performance Period, whichever is earlier. _.. 2. The GRANTEE shall submit written prcject'stalus rep048 within 30 calendar days " after tf're STATE has made scaly a request, iri any ev®nt; the ORAN'f'ER span provide the STATE a'report showing total final project expenditures within el) days of project completion or the end of the grant performsnee pshfod, whichever Is barber. The Grant performance Period Is Identified in Sedan I of this CONTRACT. 8. The GRANTEE shall make properiy or tehellklee aoquired andfor developed pursuant to 1 his contract available for inspection upon request by the STATE, Phrojerk Termination 1. Project Termination refers to iheagh,<*mptedon'of a GRANT SCOPE. Any. orant f .nds that have not been expended by the, GRANTEE shale revel to the bTA 2. The GRANTEE may unilaterally rescind this CONT'HAOT at anytime prior to the commencement of the. project. 'The commencement of the project means the date of the letter notifying GRANTEE of the award or when- the funds are appropriated, whkdrevarle later. After project commencement, this CONTRACT maybe resainded; modified or amended'only by mutual agreement in writing between the GRANTEE'and the STATE, unlesa Olt provisions of this CONTRACT provide that mutuai'agloomant Is not required. . • 8, Failure by the GRANTEE to complrvikh the terms of the'(a) GUIDE, (b) any legWation applicable to the ACT, (c) this OONTRACT as wall as any other grant oontiads, spooled or general, that GRANTEE has entered Into with STATE, may be cause for suspension pf all obligations of the STATE= unless'Nhe STATE determines that such failure was due to no fauk of the GRANTEE. In such case, STATE may relmbunie GRANTEE for aliglble costs properly incurred in padomtanoe of this CONTRACT despite n"rformance of the GRANTEE. To qualify for such mImb raement, GRANTEE agrees to mitigate its bases to the beat of its ability. 4. Any broach of any tern, provision, oblfp ft or requirement of this CONTRACT by the GRANTEE shall be a default of this CONTRACT. in the cast of any deNuk by GRANTEE, STATE shall be entitled to all remarllas available under law and equity, including but not limited to; a), Specific Performance b) Return of all GRANT MONIES; c) Payment to the STATE of the fair market value of the PM]ed Property or the actual sales price, whichever is higher, and d) Porhent to the STATE of the costs of enforcement of ibis CONTRACT, including but not limited to court•and. arbltratbn posts, fees, expensos of litigation, and reasonable allomsy fees. 3