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11.15 Eligible Costs. Developer shall use HOME Funds to pay costs defined as <br />"eligible costs" pursuant to 24 CFR 92.206. <br />11.16 Records and Reports. Developer shall maintain and from time to time submit to <br />City such records, reports and information as the City Project Manager may reasonably require <br />in order to permit City to meet the record keeping and reporting requirements required of it <br />pursuant to 24 CFR 92.508. <br />11.17 Uniform Administrative Requirements. Developer shall comply with the <br />requirements and standards of OMB Circular No. A-122, "Cost Principles for Non-Profit <br />Organizations," and with the following Attachments to OMB Circular No. A-110: <br />(a) Attachment A, "Cash Depositories", except for paragraph 4 concerning <br />deposit insurance; <br />(b) Attachment B, "Bonding and Insurance"; <br />(c) Attachment C, "Retention and Custodial Requirements for Records", <br />except that in lieu of the provisions in paragraph 4, the retention period for <br />records pertaining to individual CDBG activities starts from the date of <br />submission of the annual performance and evaluation report, as prescribed <br />in 24 CFR 570.507, in which the specific activity is reported on for the <br />final time; <br />(d) Attachment F, "Standards for Financial Management Systems"; <br />(e) Attachment H, "Monitoring and Reporting Program Performance", <br />Paragraph 2; <br />(f) Attachment O, "Procurement Standards." <br />11.18 Conflict of Interest. Developer shall comply with and be bound by the conflict <br />of interest provisions set forth at 24 CFR 570.611, as well as state regulations pertaining to <br />conflict of interest. <br />11.19 Monitoring. Developer shall allow the City to conduct periodic inspections of <br />each of the assisted units on the Property as required by the Program after the date of <br />construction completion, with reasonable notice. Developer shall cure any defects or <br />deficiencies found by the City while conducting such inspections within two weeks of written <br />notice thereof, or such longer period as is reasonable within the sole discretion of the City. <br />11.20 Recertification of Tenant Income. <br />(a) Developer shall take all necessary steps to review the income of all tenants <br />prior to renting to them, as well as reviewing current tenants on an annual basis, in <br />accordance with HOME regulations and guidelines. Every fifth (5th) year, Developer <br />24 <br />1076\O1\1333668.1 <br />