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WISE PLACE 5 -2002
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WISE PLACE 5 -2002
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Last modified
1/3/2012 1:51:48 PM
Creation date
5/11/2006 4:06:32 PM
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Contracts
Company Name
Wise Place
Contract #
A-2002-043-15
Agency
Community Development
Council Approval Date
4/7/2003
Expiration Date
6/30/2003
Insurance Exp Date
1/1/2004
Destruction Year
2011
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<br />'-" <br /> <br />...., <br /> <br />8/14/01lS <br />ditional Use permit requirements. For failure to comply with the aforementioned terms, suspen- <br />sion or termination shall result, and SUBRECIPIENT shall only be entitled to reimbursement for <br />approved expenses incurred up to the effective date of suspension or termination. <br /> <br />C. In the event SUBRECIPIENT defaults by failing to fulfill all or any of its obligations <br />hereunder, CITY may declare a default and termination of the Agreement by written notice to <br />SUBRECIPIENT, which default and termination shall be effective on a date stated in the notice <br />which is to be not less than ten (10) days after certified mailing or personal service of such no- <br />tice, unless such default is cured before the effective date of termination stated in such notice. If <br />terminated for cause, CITY shall be relieved of further liability or responsibility under this <br />Agreement, or as a result of the termination thereof, including the payment of money, except for <br />payment for approved expenses incurred for services satisfactorily and timely performed prior to <br />the mailing or service of the notice of termination, and except for reimbursement of (I) any pay- <br />ments made for services not subsequently performed in a timely and satisfactory manner, and (2) <br />costs incurred by CITY in obtaining substitute performance. <br /> <br />D. The grant of funds under this Agreement may be terminated for convenience. <br /> <br />E. In the event this Agreement is terminated as set forth in Section X.A through X.D, in- <br />clusive, SUBRECIPIENT agrees to immediately return to CITY, upon CITY's demand and prior <br />to any adjudication of SUBRECIPIENT's rights, any and all funds not used under this Agree- <br />ment. <br /> <br />XII. LIMITATION OF FUNDS <br /> <br />The United States of America, through HUD, may, in the future, place programmatic or <br />fiscal limitations on the use of ESG funds which limitations are not presently anticipated. Ac- <br />cordingly, CITY reserves the right to revise this Agreement in order to take account of actions <br />affecting HUD program funding. In the event of funding reduction, CITY may, in its sole and <br />absolute discretion, reduce the budget of this Agreement as a whole or as to costs category, may <br />limit the rate of SUBRECIPIENT's authority to commit and spend funds, or may restrict <br />SUBRECIPIENT's use of both its uncommitted and its unspent funds. Where HUD has directed <br />or requested CITY to implement a reduction in funding, in whole or as to a cost category, with <br />respect to funding for this Agreement, CITY's City Manager or delegate is authorized to act for <br />CITY in implementing and effecting such a reduction and in revising, modifying, or amending <br />the Agreement for such purposes. Where CITY has reasonable grounds to question SUBRE- <br />CIPIENT's fiscal accountability, financial soundness, or compliance with this Agreement, CITY <br />may suspend the operation of this Agreement for up to sixty (60) days upon five (5) days' written <br />notice to SUBRECIPIENT of its intention to so act pending an audit or other resolution of such <br />questions. In no event, however, shall any revisions made by CITY affect expenditures and le- <br />gally binding commitments made by SUBRECIPIENT before it received notice of such revision, <br />provided that such amounts have been committed in good faith and are otherwise allowable and <br />that such commitments are consistent with HUD cash withdrawal guidelines. <br /> <br />19 <br />
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