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Contractor shall submit quarterly to City's Housing Coordinator a Program analysis and <br />progress report documenting Contractor's success in meeting the Program objectives referenced <br />in paragraph 2. The final report shall be submitted no later than July 15, 2000. If Contractor <br />shall fail to submit such quarterly reports on a timely basis, City may withhold payment of funds <br />thereunder until all such delinquent reports have been submitted. <br /> <br /> 8. TERMINATION. Either party may terminate th/s agreement without cause at any <br />time during the term hereof by giving the other party not less than thirty (30) days' prior written <br />notice of such termination. In the event of such termination, Contractor shall submit a final <br />invoice for any expenditures incurred to the date of termination. Contractor shall submit to City <br />a final report of activities funded hereunder within thirty (30) days from the date of termination. <br /> <br /> Notwithstanding the foregoing, City may terminate this agreement upon the occurrence <br />of either of the following: <br /> <br /> (a) City's General Funds cease, for any reason, to be available; or <br /> <br /> (b) City has determined that the funds provided hereunder have been, or are <br /> <br /> being, used for purposes other than those described in Exhibit A. <br /> <br /> In either of the foregoing circumstances, City shall give Contractor not <br /> <br /> less than five (5) days' prior written notice of termination of such reason. <br /> <br /> Nothing contained in this paragraph shall be deemed to limit the right of the parties to <br />terminate this agreement for cause or otherwise to exercise any right or pursue any remedy <br />which may accrue to them. <br /> <br /> 9. AUDIT~ MONITORING. City may audit the records and accounts of Contractor <br />for the purpose of verifying expenditures by Contractor of funds provided hereunder or verifying <br />statements or analyses made or provided by Contractor hereunder. Contractor shall respond to, <br />and comply with, any audit exception made or taken by City relating to Contractor's <br />performance or failure to perform hereunder. Contractor shall pay City the full amount owing to <br />City determined to be owing as a result of any such audit exception. <br /> <br /> 3 <br /> 10/15/99 <br /> <br /> <br />