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compliance with: Section 3201(a) of the American Rescue Plan Act of 2021 and related federal guidance, and as such federal law maybe subsequently amended; the Department of Treasury's Frequently Asked Questions (FAQs), and as such FAQs may be subsequently amended; AB 832, as enacted on June 28, 2021, and as such state law may be subsequently amended; HCD's State Rental Assistance Program Guidelines — Emergency Rental Assistance (ERA) Rounds 1 and 2 Implementation, dated September 27, 2021, and as such Guidelines maybe subsequently amended; the Santa Ana Program Guidelines and Frequently Asked Questions established for said program, and as such Guidelines and FAQs may be subsequently amended; and all other applicable law. Failure to follow the requirements and meet the stated expectations may constitute breach of contract that could result in termination of this Agreement or serve as reason for the CITY to recapture the grant funds awarded to SUBRECIPIENT pursuant to this Agreement. WHEREFORE, it is agreed by and between the parties that the foregoing Recitals are a substantive part of this Agreement and the following terms and conditions are approved and together with all exhibits and attachments hereto, shall constitute the entire Agreement between the CITY and SUBRECIPIENT: I. SRA2 PROVISIONS A. Scone of Worlc. SUBRECIPIENT shall be responsible for the specific tasks and services of said program, and agrees to administer said program in compliance with the size of the grant, the eligibility requirements, the eligible expenses for said program, the disbursement of funds, the required information/documents to qualify for grant award, and the project expectations as described in the Scope of Work attached hereto as Exhibit A. SUBRECIPIENT's failure to perform as required may, in addition to other remedies set forth in this Agreement, result in readjustment of the amount of funds for said program or termination of this Agreement. B. Term of Agreement. The term of said Agreement shall commence on the date first written above and continue through August 31, 2022 ("Term"), unless terminated earlier pursuant to the terms of this Agreement. This Agreement shall also cover any and all services provided by the SUBRECIPIENT to the CITY since the date the CITY Allocation of SRA2 Funds was awarded to the CITY. Additionally, the Term of this Agreement may be extended by a writing executed by the City Manager, or her designee, the City Attorney and SUBRECIPIENT. C. Amount of Grant Funding. The total amount of SRA2 Funds provided for said program shall not exceed Eight Million, Five Hundred and Twenty -Seven Thousand, Two Hundred and Nineteen Dollars and Twenty -Three Cents ($8,527,219.23), which includes both Direct Financial Assistance and Administrative Funds, during the Term of the Agreement. SUBRECIPIENT agrees to administer said program as outlined in Exhibit A, and within the terns of this Agreement, and to use said SRA2 Funds to administer said program pursuant to the regulations in Exhibit B attached hereto and incorporated herein by reference. (1) Direct Financial Assistance. SUBRECIPIENT will be responsible to disburse direct financial assistance individual payments for up to an amount not to exceed Eight Million, Seventeen Thousand, Four Hundred and Thirty -Nine Dollars and Eighty -Two Cents