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I. Davis -Bacon Act All Laborers and mechanics employed by contractors or subcontractors in the perrornnance of construction work, including alterations and repairs, in excess of $2,000.00, 'Granted in whole or in part with federal funds shall be paid wages at rates not less than those prevailing oil similar construction in the locality as determined in accordance with the Davis -Bacon Act, as amended, 40 U,S.C. sections 276a - 276a-5. Ally such construction contract shall include and comply with the required contract provisions and riles set forth in 29 C.F.R. §55. Further, the payroll reports (along with the "Statement of Compliance") and basic records are required to be maintained and subnlitted, or made available, pursuant to 29 C.F.R. §5.5(x)(3). No payment, advance, grant, loan or guarantee of fiulds shall be approved by the federal agency unless there is on file with the agency a certification by the contractor Haat the contractor and its subcontractors have complied with the provisions of 29 C.F.R. §5.5. A breach of the contract clauses in 29 C.P.R. §5.5 may be grounds for termination of the contract, and for debarment as a contractor/subcontractor, as provided in 29 C.F.R. §5.12. Labor standards interviews/investigations shall be made as necessary to assure compliance. See 29 C.F.R. §5,6(a)(3). VII. AIDMINISTIWIVE REOIIIItE ENTS A. Generally The following requirements and standards rust be complied with: 2 CFR Part 200, et al. SUBRECIPIENF shall procure all materials, property, or services in accordance with the requirements of 2 CFR 200.318-326. B. Procurement (1) Compliance. The SUBRECIPILNT shall eomply with current FTUD and. CITY policies contenting the procurement of equipment, goods, auld services, and shall maintain inventory records of all non -expendable personal property as defined by such policy as may be procured with funds provided herein. The SUBRECIPIENT shall report to the CITY all program assets (unexpended program income, property, equipment, etc.), and upon the CITY'S request, such assets shall revert to the CITY upon termination of this AGREEMENT. (2) Pursuant to 2 CFR 200.331 (a) (4), the Indirect Cost Rate for the SUBRECIPIENT's award shall be an approved federally recognized cost rate negotiated between the SUBRECIPIENT and the Federal government, or, if no cost rate exists, the de minims indirect cost rate as defined in 2 CFR 200.414(b) Indirect (F & A) costs shall be used. For this agreement, the de minims indirect cost of 10% will apply. (3) Use and Reversion of Assets. The rise and disposition of equipment under this AGREEMENT shall be i,n. compliance with the requirements of 2 CFR Part 200 C. Reporting Reporting requirements must conform. to the policies and procedures as established by the CITY and 24 CFR § 576.500. The SU'BRECIPIENT shall submit to the CITY, on or before the 15"' clay of October, January, April, and ,huty, as part of the Quarterly Report: (1) Payment Request. An original request for reimbursement and true copies of invoices, receipts, agreements, or other documentation supporting and evidencing how the ESG Funds have been expended during the applicable quarter. 12