My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
Agmt18 CDBG - Samitarian House
RedwoodCity
>
City Clerk
>
Agreements
>
2010-2019
>
2018
>
Under 60 K
>
Agmt18 CDBG - Samitarian House
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/13/2018 11:52:10 AM
Creation date
9/13/2018 10:59:01 AM
Metadata
Fields
Template:
Agreement
Contractor Name
Samitarian House
PROJECT NAME
Safe Harbor
RMP File Number
454
Date
9/7/2018
Reso Ref
15685
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
17
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
C. In accordance with 2 CFR 200.339, City may terminate this Agreement <br />for convenience with the consent of Subrecipient after both parties have agreed upon <br />the termination conditions, including the effective date and, in the case of partial <br />termination, the portion to be terminated. <br />D. In accordance with 2 CFR 200.339, Subrecipient may terminate this <br />Agreement upon sending City written notification setting forth the reasons for such <br />termination, the effective date and, in the case of partial termination, the portion to be <br />terminated; provided, however, if City determines in the case of partial termination that <br />the reduced or modified portion of the Subaward provided hereunder will not accomplish <br />the purposes for which the Subaward was made, City may terminate this Agreement <br />and the Subaward in its entirety. <br />13. REVERSION OF ASSETS. <br />A. Upon the expiration or earlier termination of this Agreement, Subrecipient <br />will return to City any CDBG funds on hand at such time and any accounts receivable <br />attributable to the use of CDBG funds. <br />B. Upon the expiration or earlier termination of this Agreement, any real <br />property under Subrecipient's control that was acquired or improved in whole or in part <br />with CDBG funds (including CDBG funds provided to Subrecipient in the form of a loan) <br />in excess of $25,000 be either: (i) Used to meet one of the national objectives in 24 <br />CFR 570.208 (formerly §570.901) until five years after expiration of the agreement, or <br />for such longer period of time as determined to be appropriate by the recipient; or (ii) <br />When not used in accordance with Subsection 13(B)(i) above, Subrecipient will pay City <br />an amount equal to the current market value of the property less any portion of the <br />value attributable to expenditures of non-CDBG funds for the acquisition of, or <br />improvement to, the property. No payment is required after the five-year period <br />specified in Subsection 13(B)(i) has expired. <br />REV: 08-07-18 DZ <br />Page 7 of 17 <br />ATTY/AGR.2018.186/SAMARITAN HOUSE - CDBG <br />
The URL can be used to link to this page
Your browser does not support the video tag.