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except that Developer does not assume City's responsibilities for environmental review in <br />24 CFR 92.352 or the intergovernmental review process in 24 CFR 92.359, <br />11.14 Request for Disbursements of Funds. Notwithstanding anything <br />contained in this Agreement to the contrary, Developer may not request disbursements of <br />funds under this Agreement until the funds are needed for payment of eligible costs (such <br />funds shall be used solely towards the acquisition, construction and /or rehabilitation of <br />the Property). The amount of each request shall be limited to the amount needed. <br />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 <br />submit to City such records, reports and information as the Executive Director may <br />reasonably require in order to permit City to meet the record keeping and reporting <br />requirements required of it pursuant to 24 CFR 92.508. <br />11.17 Uniform Administrative Requirements, Cost Principles, and Audit <br />Requirements for Federal Awards. Developer shall comply with the requirements and <br />standards of 2 CFR 200. <br />11.18 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 />11.19 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/rehabilitation completion, with reasonable notice, Developer <br />shall cure any defects or deficiencies Found by the City while conducting such <br />inspections within two weeks of written notice thereof, or such longer period as is <br />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, <br />in accordance with HOME regulations and guidelines, Every fifth (5`h) 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 - compliance caused by increases in the incomes of existing tenants <br />if actions satisfactory to HUD are being taken to ensure that all vacancies are <br />filled in accordance with this section until the non - compliance is corrected. <br />26 <br />25C -30 <br />