Agmt19 CDBG - Rebuild Together Peninsula (National Rebuilding Day)

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C. In accordance with 2 CFR 200.339, City may terminate this Agreement for convenience with the consent of Subrecipient after both parties have agreed upon the termination conditions, including the effective date and, in the case of partial termination, the portion to be terminated. D. In accordance with 2 CFR 200.339, Subrecipient may terminate this Agreement upon sending City written notification setting forth the reasons for such termination, the effective date and, in the case of partial termination, the portion to be terminated; provided, however, if City determines in the case of partial termination that the reduced or modified portion of the Subaward provided hereunder will not accomplish the purposes for which the Subaward was made, City may terminate this Agreement and the Subaward in its entirety. 13. REVERSION OF ASSETS. A. Upon the expiration or earlier termination of this Agreement, Subrecipient will return to City any CDBG funds on hand at such time and any accounts receivable attributable to the use of CDBG funds. B. Upon the expiration or earlier termination of this Agreement, any real property under Subrecipient's control that was acquired or improved in whole or in part with CDBG funds (including CDBG funds provided to Subrecipient in the form of a loan) in excess of $25,000 be either: (i) Used to meet one of the national objectives in 24 CFR 570.208 (formerly §570.901) until five years after expiration of the agreement, or for such longer period of time as determined to be appropriate by the recipient; or (ii) When not used in accordance with Subsection 13(B)(i) above, Subrecipient will pay City an amount equal to the current market value of the property less any portion of the value attributable to expenditures of non-CDBG funds for the acquisition of, or improvement to, the property. No payment is required after the five-year period specified in Subsection 13(B) (i) has expired. REV: 09-09-19 DZ