Agmt95 CDBG - North Peninsula N - Laserfiche WebLink

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FXS:mge 08/04/95 (017/75) Contractor has been notified by the City that the environmental review assessments have been completed and approved. Contractor shall submit monthly to City's Housing Coordinator a Program analysis and progress report documenting Contractor's success in meeting the Program objectives referenced in paragraph 2. The final report shall be submitted no later later than July 15, 1996. If Contractor shall fail to submit such monthly reports on a timely basis, City may withhold payment of funds hereunder until all such delinquent reports have been submitted. Contractor shall provide City with an independent audit of its activities for the term of this agreement, conducted in accordance with the Single Audit Act of 1984, OMB Circular A-1IO Uniform Requirements for Grant and Other Agreement and generally accepted auditing standards covering financial and compliance audits. Annual audits shall be forwarded to City within 30 days of completion. 8 . TERMINATION. Either party may terminate this agreement ,vi thou t cause at any time during the term hereo f by giving the other party not less than thirty (30) days' prior written notice of such termination. In the event of such termination, Contractor shall submit a final invoice for any unreimbursed expenditures (less offsetting income in accordance with paragraph 4) incurred to the date of termination. Contractor shall submit to City a final report of activities funded hereunder within thirty (30 ) days from the date of termination. Notwithstanding the foregoing, City may terminate this agreement upon the occurrence of either of the fell 0\';::", C : 4