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42. <br />I <br />e <br />City of Santa Ana <br />Main Library <br />2021-2022 B F-1-21-053 <br />Page 19 <br />mentioned dates for payment, and the State Library agrees to reimburse <br />the Library as soon thereafter as State fiscal procedures will permit. <br />The final 10% of the grant award (if applicable) is payable only upon <br />approval of all reports and receipt of claim form. Failure to provide timely <br />reports is a serious breach of an award recipient's administrative duty <br />under the award. <br />Payment will be provided to cover the expenditures incurred by the <br />Grantee for the project in the following manner: <br />1) $4,664,987 upon the receipt and approval, by the State Library, of the <br />submission of all required documents as stated in the award letter; <br />execution of the agreement, certification, and claim form by the <br />1 -Yiti Y\+00 /lY/`I /Y Y\I7/Y+I/l Y\ <br />after the submission <br />�ceipt, by the State <br />lanuary date in <br />ending prior to <br />documentation to <br />either (a) that the <br />✓vhy the second <br />eduled payment. <br />)ort demonstrates <br />>ayment. The <br />-ee demonstrates <br />ird and additional <br />made upon <br />eport and financial <br />Self -Dealing and Arn'WLength Transactions: All expenditures for which <br />reimbursement pursuant to this Agreement is sought shall be the result of arm's- <br />length transactions and not the result of, or motivated by, self -dealing on the <br />part of the Grantee or any employee or agent of the Grantee. For purposes of <br />this provision, "arm's-length transactions" are those in which both parties are on <br />equal footing and fair market forces are at play, such as when multiple vendors <br />are invited to compete for an entity's business and the entity chooses the lowest <br />of the resulting bids. "Self -dealing" is involved where an individual or entity is <br />obligated to act as a trustee or fiduciary, as when handling public funds, and <br />chooses to act in a manner that will benefit the individual or entity, directly or <br />indirectly, to the detriment of, and in conflict with, the public purpose for which <br />all grant monies are to be expended. <br />City Council 13 — 23 12/20/2022 <br />