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The Parties therefore agree as follows: <br />Section 1. RECITALS. The Recitals above are true and correct and incorporated into <br />the body of this Agreement by this reference. <br />Section 2. COMPLIANCE WITH LAW. Owner acknowledges that the funds being <br />provided by City for said program are received by City pursuant to ARPA, and that <br />distribution and expenditure of these ARPA SURF Funds shall be in accordance with <br />ARPA and all pertinent regulations issued by agencies of the federal government, including <br />but not limited to, all regulations found at Title 24 of the Code of Federal Regulations. <br />Owner agrees to comply fully with all federal, state and local laws and court orders <br />applicable to its operation and administration of said program, whether or not referred to <br />in this agreement. <br />Section 3. REIMBURSEMENTS. The City shall reimburse the OWNER for the cost <br />of Improvements in the amount of $ $29,210 . In exchange for these funds, Owner <br />expressly acknowledges and agrees to the entire terms and conditions of the Program as <br />described in the Program brochure, which are hereby incorporated by reference as though <br />fully set forth herein. <br />Section 4. NO OTHER ELIGIBLE IMPROVEMENTS. No improvement that is not <br />described on Exhibit B and approved by the City is eligible for the reimbursement. <br />Section 5. COMPLETION OF IMPROVEMENTS. OWNER shall complete all <br />Improvements within one hundred (100) calendar days beginning from the effective date <br />fixed in paragraph 1. Upon completion of the Improvements and upon their final inspection <br />and approval by the City, the OWNER shall submit to the City a property executed and <br />notarized contractor statement showing the full cost of the work as well as each separate <br />component amount due to the contractor and each and every subcontractor involved in <br />furnishing labor, materials, or equipment necessary to complete the improvement related <br />work. In addition, the OWNER shall submit to the City proof of payment of the contract <br />cost pursuant to the contractor's statement and final lien waivers from all contractors and <br />subcontractors. The City shall, within fourteen (14) business days of receipt of the <br />contractor's statement, proof of payment, and lien waivers, issue a check to the OWNER <br />as reimbursement in the total grant amount stated in SECTION 2 of this agreement. <br />Section 6. FAILURE TO COMPLETE. If the OWNER fails to complete the <br />Improvements provided for herein in conformity with the approved plans, drawings, and <br />specifications and the terms of this Agreement, then upon written notice being given by <br />the City to the OWNER, this Agreement shall terminate with no further action necessary <br />by the City, and the financial or any other obligations on the part of the City under this <br />Agreement shall cease and become null and void. <br />