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<br /> FXS:rg 116/95 (002/7]) <br />of funds hereunder until all such delinquent reports have beer: <br />submitted. <br /> Contractor shall provide City with an independent audit 0"" <br /> J_ <br />its activities for the term of this agreement, conducted in <br />accordance with the Single Audit Act of 1984, OMB Circular A-110 <br />Uniform Requirements for Grant and Other Agreement and generally <br />accepted auditing sL.lndayds covering financial and compliance <br />audits. Annual audits shall be forwarded to City within 30 days <br />of completion. <br /> 8. TERMINATION. Either party may terminate this agreement <br />without cause at any time during the term hereof by giving the <br />other party not less than thirty (30' dòys' prior written notice <br />of such termination. In the event of such termination, <br />Contractor shall submit. a final invoice for any unreimbursed <br />expenditures (less offsetting income in accordance with paragraph <br />4) incurred to the date of termination. Contractor shall submit <br />to City a final report of activities funded hereunder vIi thin <br />thirty (30) days from the date of termination. <br /> Notwithstanding the foregoing, City may terminate this <br />agreement upon the occurrence of either of the following: <br /> (a) Federal Community Development Block Grant funds cealE'e, <br /> for any Yeason~ to be available to City; or <br /> (b) City has det.ermined that the funds provideã hereunder <br /> have been, or are being, used for purposes other tl1 élTI <br /> those described in Exhibits A and B. <br /> -4-- <br />