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to perform as required may, in addition to other remedies set forth in this Agreement, result in <br />readjustment of the amount of funds for said program or termination of this Agreement. <br />B. Term ofAgreement. The term of said Agreement shall commence on July 1 st. 2022, <br />and continue through June 30, 2023 ("Term"), unless terminated earlier pursuant to the terms of <br />this Agreement. This Agreement shall also cover any and all services provided by the <br />SUBRECIPIENT to the CITY since the date the ARPA SURF Funds were awarded to the CITY. <br />Additionally, the Term of this Agreement may be extended by a writing executed by the City <br />Manager, or designee, and the City Attorney. <br />C. Amount of Grant Funding. The total amount of funds provided for said program <br />shall not exceed One Hundred Twenty -Two Thousand One Hundred Seventy -Two Dollars and <br />Zero Cents ($122.172) ("ARPA SURF Funds") during the Term of the Agreement. <br />SUBRECIPIENT agrees to use said ARPA SURF Funds to administer said program as outlined in <br />Exhibit A. <br />D. Disbursement of Funds. Said ARPA SURF Funds shall be disbursed by CITY to <br />SUBRECIPIENT pursuant to the terms found in the Fee Payment Schedule attached hereto as <br />Exhibit B, with payments subject to the submittal of invoices and other reporting requirements, <br />as hereinafter more fully set forth. SUBRECIPIENT shall be obligated to perform such duties as <br />would normally extend beyond the term, including, but not limited to, obligations with respect to <br />indemnification, audits, reporting, data retention/reporting, and accounting. Failure to provide any <br />of the required documentation and reporting will cause CITY to withhold all or a portion of a <br />request for ARPA SURF Funds, or return the entire request to SUBRECIPIENT, until such <br />documentation and reporting has been received and approved by CITY. <br />(1) Reduction in ARPA SURF Funding. The CITY reserves the right to reduce <br />the amount of ARPA SURF Funds to SUBRECIPIENT, or to completely terminate this <br />Agreement, in the CITY's sole discretion, if there is a reduction in ARPA SURF Funds provided <br />to the CITY. <br />(2) Reduced Distribution of Funds. The CITY reserves the right to reduce the <br />grant application if the CITY's fiscal monitoring indicates that SUBRECIPIENT's rate of <br />expenditure will result in unspent funds at the end of the program term. Amendments in the grant <br />allocation will be made after consultation with SUBRECIPIENT. <br />(3) Reversion of Assets. SUBRECIPIENT agrees that any and all funds received <br />under this Agreement shall be utilized during the Term of this Agreement, and that any and all funds <br />remaining as of the end of the Term, which have not been utilized, shall be returned by <br />SUBRECIPIENT to the CITY within thirty (30) days of the expiration or earlier termination of the <br />Agreement. No expense of SUBRECIPIENT will be reimbursed by CITY if incurred after the end <br />of the Tenn of the Agreement. <br />2 <br />