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Any objections regarding terminations or suspensions shall be made by the <br />SUBRECIPIENT in writing and mailed to the CITY pursuant to the above NOTICES <br />section. <br />XVI.CLOSE-OUT <br />The SUBRECIPIENT agrees to comply with the cl oseout procedures detailed in 2 CFR 200.343, <br />including the following: <br />I.SUBRECIPIENT must submit, no later than ninety (90) calendar days after the end date of <br />the period of performance, all financial, performance, and other reports as required by the <br />terms and conditions of the Federal award; <br />2.Unless the CITY authorizes an extension, SUBRECIPIENT must liquidate all obligations <br />incurred under the Federal award not later than ninety (90) calendar days after the end date of <br />the period of performance as specified in the terms and conditions of the Federal award; <br />3.SUBRECIPIENT must promptly refund any balances of unobligated cash that the CITY paid <br />in advance or paid and that is not authorized to be retained by SUBRECIPIENT for use in <br />other projects (See OMG Circular A-129 and 2 CFR 200.345); <br />4.SUBRECIPIENT must account for any real and personal property acquired with Federal <br />funds or received from the Federal government in accordance with 2 CFR 200.310-200.316 <br />and 200.329; and, <br />5.The CITY should complete all closeout actions for the Federal award no later than one year <br />after receipt and acceptance of all required final reports. <br />XYIL . VALIDITY AND SEVERABILITY <br />The invalidity in whole or in part of any provision of this ARGREEMENT shall not void or affect <br />the validity of any other provision of this AGREEMENT. Whenever pos sible, each provision of <br />this AGREEMENT shall be interpreted in such manner as to be effective and valid under <br />applic able law, but if any provision of this AGREEMENT is held to be prohibited by or invalid <br />under applicable law, such prov ision shall be ineffective only to the extent of such pr ohibition or <br />invalidity, without invalidating the remainder of such provisions of this AGREEMENT. <br />XVIII.LAWS GOVERNING THIS AGREEMENT <br />This AGREEMENT shall be governed by and construed in accordance with the laws of the State <br />of California, and all applicable federal laws and regulations. <br />XIX.WAIVER <br />No delay or omission by the CITY hereto to exercise any right or power accruing upon any <br />noncompliance or default by the SUBRECIPIENT with respect to any of the terms of this <br />AGREEMENT shall impair any such right or power or be constrned to be a waiver thereof. A <br />waiver by either of the parties hereto of any of the covenants, conditions, or agreements to be <br />performed by the other shall not be construed to be a waiver of any succeeding breach thereof or <br />of any other covenant, condition, or agreement herein contained. <br />Page 21 of23 <br />EXHIBIT 4