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agreement, up to the Fair Market Rent for their unit size. This assistance is not intended to provide long-term support or all of a family's supportive service needs. It is part of a plan made with the family to regain stability and prevent eviction and subsequent homelessness due to a COVID-19 related hardship, E. Grant Pa,, me Rental assistance is paid to the Landlord on behalf of the resident by the SUBRECIPIENT. IL TERM OF AGREEMENT This AGREEMENT shall take effect on February 1, 2021, and shall terminate on June 30, 2022, unless otherwise cancelled or modified according to the terms of this AGREEMENT. III. DISBURSEMENT AND FUNDS The City was allocated a second award of ESG-CV funds in the amount of $11,598,442 under the CARES Act from HUD in response to the COVID-19 pandemic, CITY agrees to pay to SUBRECIPIENT when, if and to the extent federal funds are received under provisions of the Act a sum not to exceed $5,415,747 for SUBRECIPIENT'S performance in accordance with the Budget attached hereto as Exhibit B during the period of this Agreement. Said sum shall be paid after CITY receives invoices submitted by SUBRECIPIENT as provided herein. A. Amount and Expenditure End Date The CITY agrees to reimburse the SUBRECIPIENT a maximum amount not to exceed $5,415,747 from ESG-CV funds for payroll expenses, rental assistance, and indirect/administrative expenses, among other expenses, as outlined in Exhibit B, Budget, and such Funds shall be expended by the SUBRECIPIENT on or before Jime 30, 2022. SUBRECIPIENT has the ability to adjust line item amounts in the Budget with the written approval of the CITY's Executive Director of the Community Development Agency, so long as the total Budget amount does not increase. B. Invoicing Procedures The SUBRECIPIENT shall submit quarterly invoices (on or before the 15°i day of April, July, October, and January) in a form prescribed by the CITY, detailing such expenses. Such schedule may be modified with the approval of the CITY. C. Pavrnent Payment is subject to the receipt and approval of such invoices and quarterly activity reports, as hereinafter more fully set forth below under Reporting, with the final payment subject to the satisfaction of the condition precedent of submittal of complete invoicing and reporting information due on or before July 15 of the applicable funding year. The CITY shall pay such invoices within thirty (30) days after receipt thereof provided the CITY is satisfied that such expenses have been incurred within the scope of this AGREEMENT and that the