Res13 15282 - Laserfiche WebLink

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07/22/2013 upon demand by City, pay City the full amount owing to City or to the United States Government as a result of any such audit exception. City will monitor Contractor's Project and expenditures made pursuant to this Agreement quarterly to verify Contractor's compliance with this Agreement and local and federal contract requirements. Contractor shall cooperate with City and provide all documents and information requested by City in a timely and accurate fashion. 9. RECORD RETENTION. Contractor shall retain all financial, supporting documents, statistical records, and all other records pertinent to the Agreement for a period of five (5) years from the termination date of the CDBG period of affordability described in Exhibit "A" of this Agreement. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records cited, and that have started before the expiration of the five-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the five-year period, whichever occurs later. 10. ACCESS TO RECORDS. Contractor shall furnish and cause each of its own subrecipients and/or subcontractors to furnish all information and reports required hereunder and will permit access to its books, records and accounts by City, HUD, or its agent, or other authorized Federal officials for purposes of investigation to ascertain compliance with the rules, regulations and provisions stated herein. 11. TERMINATION. In the event Contractor is unable to fulfill its responsibilities under this Agreement for any reason whatsoever, including circumstances beyond its control, City may terminate this Agreement in whole or in part in the same manner as for breach hereof. Any material deviation by Contractor for any reason from the requirements thereof, or from any other provision of this Agreement, RESO.#15282 MUFF#608