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<br /> FXS:mge 08/04/95 (017/75) <br /> ( a) Federal Community Development Block Grant funds cease, <br /> for any reason, to be available to City; or <br /> (b) City has determined that the funds provided hereunder <br /> have been, or are being, used for purposes other than <br /> those described in Exhibits A and B. <br /> In either of the foregoing circumstances, City shall <br /> give Contractor not less than five ( 5 ) days' prior <br /> written notice of termination for such reason. <br /> Nothing contained in this paragraph shall be deemed to limit <br /> the right of the parties to terminate this agreement for cause or <br /> otherwise to exercise any right or pursue any remedy which may <br /> accrue to them. <br /> 9 . AUDIT; MONITORING. City may audit the records and <br /> accounts of Contractor for the purpose of verifying expenditures <br /> by Contractor of funds provided hereunder or verifying statements <br /> or analyses made or provided by Contractor hereunder. Contractor <br /> shall respond to, and comply with, any audit exception made or <br /> taken by City or appropriate federal agencies relating to <br /> Contractor's performance or failure to perform hereunder. <br /> Contractor shall pay City the full amount owing to City or the <br /> United States Government determined to be owing as a result of <br /> any such audit exception. <br /> City shall monitor Contractor's Program and expenditures <br /> made pursuant to this agreement quarterly to verify Contractor's <br /> compliance with this agreement and local and federal contract <br /> requirements. <br /> 10. CONTRACTOR'S STATUS. In the performance of the <br /> obligations set forth in this agreement, Ccntractc::: shall have <br /> 5 <br />