PROJECT HOPE ALLIANCE (2) - Laserfiche WebLink

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Agreement for such period of time as CITY and/or HUD deems necessary for tine responsibilities, duties and obligations to be performed and completed to the satisfaction of CITY and HUD. XII. TERKMATIO'N A. This Agreement maybe terminated on thirty (30) days' written notice by either party. In the event of such termination, SUBRECIPIENT shall only be entitled to reimbursement for approved expenses incurred to the effective date of termination. B. 'I"his Agreement may be suspended or terminated by CITY upon five (5) days" written notice for violation by SUBRECIPIENT of Federal Laws governing the use ofCDBG-CV Funds. In the event ofsuch suspension or termination, SUBRECIPIENT shall only be entitled to reimbursement for approved expenses incurred up to the effective date of suspension or termination. C. Pursuant to 2 CFR M0.340, in the event SUBRECIPIENT defaults by failing to fulfill all or any of its obligations hereunder, CITY may declare a default and termination of this Agreement by written notice to SUBRECIPIENT, which default and termination shall be effective oil a date stated in tile notice which is to be not less than ten (10) days after certified mailing or personal SQr Viee of such notice, unless such default is cured before the effective date of termination stated in such notice. If terminated for cause, CITY shall be relieved or further liability or responsibility under this Agreement, or as a result of the termination thereof, including the payment of money, except for payment for approved expenses incurred for services satisfactorily and timely performed prior to the mailing or service of the notice of termination, and except for reimbursement n%i (1)any payments made for services not subsequently perforated in a timely and satisfactory minter, and, (2) costs incurred by CITY in obtaining substitute performance. D. The grant of funds unclor this Agreement may be terminates( for convenience by either the _CITY or SUBRECIPIENT, in whole or in part, by setting forth the reasons for such termination, the effective dace, and, in the case of portion termination, their portion to be terminated. However, if in the case of partial termination, the CITY determines that the remaining portion ofthe avvard will not accomplish the purpose for which the award was made, the CITY may terminate the award in its entirety. E" The grant of Funds under this Agreement may be terminated due to the non-performance of SUBRECIPIENT and/or failure of SUBRECIPENT to perform the work describe([ in Exhibits A and B or failure to meet the performance standards and program goals set forth therein. F. The grant of funds under this Agreement may be terminated due to the failure, of the CITY to receive sufficient or anticipated funding from [IUD for the CDBG-CV program for any term subject to this Agreement. G. In the event this Agreement is terminated as set forth in subparagraphs XIi.A. through XILF- inclusive, SUBRECIPIENT agrees to immediately return to CITY upon CITY's demand and prior to any adjudication of SUBRF.CIPIENT's rights, any and all funds not used, and to comply with paragraph "XI. REVERSION UP ASSETS" of this Agreement. XIIl. LIMITATION OF FUNDS The United States of America, through HUD, may in the future place programmatic or fiscal limitations on tide use of CDBG-CV funds, which limitations are not presently anticipated. Accordingly, CITY reserves the right to revise this Agreement in order to take account ofactions affecting HUD program funding. in the event of funding reduction, CITY may, in its sole and absolute discretion, reduce the budget of this Agreement as a whole or as to costs category, may limit the rate of SUBRECIPIENT's authority to 14