Laserfiche WebLink
CITY since the date the CDBG-CV funds were awarded to the CITY, The Term of this Agreement may <br />be extended by a writing executed by the City Manager, or his or her designee, and the City Attorney. <br />The CDBG-CV FUNDS shall be disbursed by CITY to SUBRECIPIENT on a bi-monthly basis <br />subject to and upon receipt and approval of a complete bi-monthly activity report from SUBRECIPIENT, <br />with the final payment subject to the satisfaction of the condition precedent of submittal of complete <br />reporting information, as hereinafter more fully set forth. SUBRECIPIENT shall be obligated to perform <br />such duties as would normally extend beyond the term, including, but not limited to, obligations with <br />respect to indemnification, audits, reporting, data reteation/reporting, and accounting. Failure to provide <br />any of the required documentation and reporting will cause CITY to withhold all or a portion, of a request <br />for reimbursement, or return the entire reimbursement package to SUBRECIPIENT, until such <br />documentation and reporting has been received and approved by CITY. <br />The CITY reserves the right to reduce the amount of CDBG-CV FUNDS to SUBRECIPIENT, or to <br />completely terminate this Agreement, in the CITY's sole discretion, if there is a reduction in CDBG-CV <br />FUNDS provided to the CITY. <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 />C. Use of Funds SUBRECIPIENT agrees to use all federal funds provided by CITY to <br />SUBRECIPIENT pursuant to this Agreement to operate said program, as set forth in Exhibit A, attached <br />hereto and by this reference incorporated herein. SUBRECIPIENT'S failure to perform as required may, in <br />addition to other remedies set forth in this Agreement, result in readjustment of the arnount of funds CITY is <br />otherwise obligated to pay to SUBRECIPIENT hereunder. <br />D. Allowable Costs SUBRECIPIENT agrees to complete said program within the term of this <br />Agreement, and to use said funds to pay for necessary and reasonable costs allowable under the federal law <br />and regulations to operate said program. Said amounts shall include; but not be limited to, wages, <br />administrative costs, and employee benefits comparable to other similarly situated employees, and indirect <br />costs. Other allowable program costs are detailed in the budget, as set forth in Exhibit B, attached hereto and <br />by this reference incorporated herein. SUBRECIPIENT shall use all income received from said funds only <br />for the same purposes for which said funds may be expended pursuant to the terms and conditions of this <br />Agreement. SUBRECIPIENT has the ability to adjust line item amounts in the budget with the written <br />approval of the CITY's Executive Director of the Community Development Agency, or designee, so long as <br />the total budget amount does not increase. <br />Pursuant to 2 CFR §200.33 1 (a)(4), the Indirect Cost Rate for the SUBRECIPIENT's award shall <br />be an approved federally recognized indirect cost rate negotiated between the SUBRECIPIENT and the <br />Federal government, or, if no such rate exists, the de minimis indirect cast rate as defined in 2 CFR <br />§200.414(b) Indirect (F&A) costs. <br />For this Agreement, the de minimis indirect cost rate of 10% will apply. <br />E. Licensing. SUBRECIPIENT agrees to obtain and maintain all required licenses, <br />registrations, accreditation and inspections from all agencies governing its operations. SUBRECIPIENT <br />shall ensure that its staff shall also obtain and maintain all required licenses, registrations, accreditation and <br />inspections from all agencies governing SUBRECIPIENT's operations hereunder. Such licensing <br />requirements include obtaining a City business license, as applicable, <br />