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<br />"" <br /> <br />'-' <br /> <br />8/14/01LS <br /> <br />quit claim deed(s) or such other aud further instruments, documents aud agreements as may be <br />necessary, in the sole aud absolute discretion of CITY, to vest in CITY all of SUBRECIPIENT's <br />right, title aud interest (if auy it may have) in aud to CITY, CDBG or other federal, state aud/or <br />local accounts or program funds or allocation of funds to which CITY is or may be entitled, either <br />for its own account or as fiduciary or trustee for others, which were obtained for the purpose of the <br />performauce of this Agreement or auy previous agreements relating to the same subject matter or <br />activities as this Agreement, together with auy instruments, loaus, grauts or advauces by <br />SUBRECIPIENT on behalf of CITY, in furtherauce of the activities hereunder or thereof. <br /> <br />SUBRECIPIENT's obligations aud responsibilities set forth in this paragraph "XI. <br />REVERSION OF ASSETS." aud in paragraph "XII. TERMINATION" aud other requirements <br />pertaining to program income shall not be affected by the tennination of this Agreement aud shall <br />survive the date of termination of this Agreement for such period of time as CITY aud/or HUD <br />deems necessary for the responsibilities, duties aud obligations to be performed aud completed to <br />the satisfaction of CITY aud HUD. <br /> <br />XII. TERMINATION <br /> <br />A. This Agreement may be terminated on thirty (30) days' written notice by either <br />party. In the event of such termination, SUBRECIPIENT shall only be entitled to reimbursement <br />for approved expenses incurred to the effective date of termination. <br /> <br />B. This Agreement may be suspended or terminated by CITY upon five (5) days' <br />written notice for violation by SUBRECIPIENT of Federal Laws governing the use of Community <br />Development Block Graut Funds. In the event of such suspension or termination, SUBRECIPIENT <br />shall only be entitled to reimbursement for approved expenses incurred up to the effective date of <br />suspension or termination. <br /> <br />C. Pursuaut to 24 CPR 85.43, in the event SUBRECIPIENT defaults by failing to fulfill <br />all or auy of its obligations hereunder, CITY may declare a default aud termination of this <br />Agreement by written notice to SUBRECIPIENT, which default aud termination shall be effective <br />on a date stated in the notice which is to be not less thau ten (10) days after certified mailing or <br />personal service of such notice, unless such default is cured before the effective date of termination <br />stated in such notice. If tenninated for cause, CITY shall be relieved of further liability or <br />responsibility under this Agreement, or as a result of the termination thereof, including the payment <br />of money, except for payment for approved expenses incurred for services satisfactorily aud timely <br />performed prior to the mailing or service of the notice of tennination, aud except for reimbursement <br />of (I) auy payments made for services not subsequently performed in a timely aud satisfactory <br />manner, aud (2) costs incurred by CITY in obtaining substitute performauce. <br /> <br />D. The graut of funds under this Agreement may be terminated for convenience in <br />accordauce with 24 CFR 85.44. <br /> <br />E. In the event this Agreement is terminated as set forth in subparagraphs XII.A. <br />through XII.D., inclusive, SUBRECIPIENT agrees to immediately return to CITY upon CITY's <br /> <br />12 <br />