Laserfiche WebLink
<br />L. CONFLICT OF INTEREST <br /> <br />No members, officers, or employees or agents of CHDO, no member of the <br />CHDO's Board of Directors, and no other official who exercises any function or <br />responsibility with respect to this program during his/her tenure, or for one year <br />thereafter, shall have any interest, direct or indirect, in the agreement or a related <br />contract, or the proceeds thereof. CHDO shall incorporate in all contracts hereunder a <br />provision prohibiting such interest. <br /> <br />CHDO shall keep detailed and accurate records of all expenditures made and <br />expenses incurred which are funded under this agreement. Payments of funds <br />allocated pursuant to Paragraph 1 shall be made to CHDO on a reimbursement basis <br />as follows: (i) CHDO shall submit requests for payment to City monthly on forms <br />provided by Agency's Housing Coordinator; (ii) all requests for payment shall be <br />accompanied by receipts or other proof of expenditure, and shall disclose amounts of <br />Program income, if any, generated by user fees; (iii) CHDO shall submit billings to City <br />no later than June 30, 2010, pursuant to Paragraph A 2; (iv) such income amounts shall <br />be subtracted from corresponding requests for payment; and (v) Program income shall <br />be expended by CHDO prior to requesting additional reimbursements from City. <br /> <br />ATTY/AGR/2009.001 <br />020409 <br /> <br />16 <br />