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I, Davis -.Bacon Act
<br />All laborers and mechanics employed by contractors or subcontractors in the performance of construction work,
<br />including alterations and repairs, in excess of $2,000,00, financed in whole or in part with federal funds .shall be
<br />paid wages at rates not less than those prevailing on similar construction in the locality as determined in
<br />accordance with the Davis -.Bacon Act, as amended, 40 U,S,C, sections 276a - 276a-5. Any such construction
<br />contract shall include and comply with the required contract provisions and rules set forth, in 29 C.F.R. §5.5,
<br />Further, the payroll reports (along with the "Statement of Compliance") and basic records are required to be
<br />maintained and submitted, or inade available, pursuant to 29 C.F.R, §5.5(a)(3), No payment, advance, grant, Ioan
<br />or guarantee of funds shall be approved by the federal agency unless there is on file with the agency a certification
<br />by the contractor that the contractor and its subcontractors have complied with the provisions of 29 C,I".R. §55. A
<br />breach of the contract clauses in 2.9 C.F,lk, §5.5 may be grounds for termination of the contract, and for debarment
<br />as a contractor/subcontractor, as provided in 29 C.F.R. §5.12. Labor standards interviews/investigations shall be
<br />made as necessary to assure compliance. See 29 GFR, §5,6(a)(3).
<br />VIII. ADMINISTRATIVE REQUIREMENTS
<br />Generaltv
<br />The following requirements and standards must be complied with: 2 CFR d'art 200, et al. SUBRECIPIENT shall
<br />procure all materials, property, or services in accordance with the requirements of 2 CFR 200,318-326.
<br />A. Proctilremen
<br />(1) Compliance. The SUBRECIPIENT shall comply with, current HUD and CITY policies concerning the
<br />procurement of equipment, goods, and serviccs, and shall maintain inventory records of all: non -expendable
<br />personal property as defined by such policy as may be procured with finds provided herein. The
<br />SUBRECIPIENT shall report to the CITY all program assets (unexpcaded program income, property, equipment,
<br />etc,), and upon the CITY'S request, such assets shall revert to the CITY upon termnation of this AGREEMENT.
<br />(2) Pursuant to 2 CFR. 200.33.1 (a) (4), the Indirect Cost .Rate for the SUBRE-CIPIENT's award shall be an
<br />approved federally rcccV-ized cost rate negotiated between the SUBRECIPIENT and the Federal government, or,
<br />if no cost rate exists, the de .minims indirect cost rate as defined in 2 CFR 200.414(b) Indirect (F & A) costs shall
<br />be used. For this agreernent, the de minims indirect cosi of 10% will apply.
<br />(3) Use and Reversion of Assets. The use and disposition of equipment under this AGREEMENT shall be in
<br />complim-ice with the requirements of 2 CFR Part 200.
<br />13, Reporting
<br />Reporting requirements must conform to the policies and procedures as established by the CITY and 24 CFR §
<br />576.500. The SUBRECIPIENT shall submit to the CITY, on or before the 1511, day of October, .January, April, and
<br />July, as part of the Quarterly Report:
<br />(1) Payment Request. An original request for reimbursement and true copies of invoices, receipts,
<br />agreements, or other documentation supporting and evidencing how the ISG Funds have been
<br />expended during the applicable quarter.
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