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9.14 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 <br />concerning deposit insurance; <br />(b) Attachment B, 'Bonding and Insurance "; <br />(c) Attachment C, "Retention and Custodial Requirements for <br />Records ", except that in lieu of the provisions in paragraph 4, the <br />retention period for records pertaining to individual CDBG <br />activities starts from the date of submission of the annual <br />performance and evaluation report, as prescribed in 24 CFR <br />570.507, in which the specific activity is reported on for the final <br />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 />9.15 Conflict of Interest. Developer shall comply with and be bound by the <br />conflict of interest provisions set forth at 24 CFR 570.611, as well as state regulations <br />pertaining to conflict of interest. <br />9.16 Monitoring. Developer shall allow the City to conduct periodic <br />inspections of the HOME assisted units on the Property as required by the Program after <br />the date of construction completion, with reasonable notice. Developer shall cure any <br />defects or deficiencies found by the City while conducting such inspections within two <br />weeks of written notice thereof, or such longer period as is reasonable within the sole <br />discretion of the City. <br />9.17 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, <br />in accordance with HOME regulations and guidelines. Every fifth (5"') year, <br />Developer shall require new original income documents to be submitted by <br />tenants. Tenants in HOME assisted units whose incomes no longer comply with <br />federal income guidelines shall have their rents adjusted in accordance with <br />federal HOME guidelines (24 CFR 92.252- 92.253). <br />(B) HOME assisted units continue to qualify as affordable housing despite a <br />temporary non- comptiance caused by increases in the incomes of existing tenants <br />23 <br />