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REV: 11-15-2023 SK <br />B. In accordance with 2 CFR Section 200.340 and Section 200.341, City may <br />terminate this Agreement for cause by providing written notice to Subrecipient. <br />C. In accordance with 2 CFR Section 200.340, City may terminate this <br />Agreement for convenience with the consent of Subrecipient after both parties <br />have agreed upon the termination conditions, including the effective date and, in <br />the case of partial termination, the portion to be terminated. <br />D. In accordance with 2 CFR Section 200.340, 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 <br />be terminated; provided, however, if City determines in the case of partial <br />termination that the reduced or modified portion of the Subaward provided <br />hereunder will not accomplish the purposes for which the Subaward was made, <br />City may terminate this Agreement and the Subaward in its entirety. <br />14. REVERSION OF ASSETS. <br />The use and disposition of real property and equipment under this Agreement shall be in <br />compliance with the requirements of 2 CFR Sections 200.311 and 313, 24 CFR Sections <br />570.502, 570.503, 570.504, and 570.505 as applicable, which include but are not limited <br />to the following: <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 <br />receivable 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 <br />part with CDBG funds (including CDBG funds provided to Subrecipient in the form <br />of a loan) in excess of $25,000 be either: (i) Used to meet one of the national <br />objectives in 24 CFR Section 570.208 (formerly §570.901) until five years after <br />expiration of the agreement, or for such longer period of time as determined to be <br />appropriate by the recipient; or (ii) When not used in accordance with Subsection <br />14(B)(i) above, Subrecipient will pay City an amount equal to the current market <br />value of the property less any portion of the value attributable to expenditures of <br />non-CDBG funds for the acquisition of, or improvement to, the property. No <br />payment is required after the five-year period specified in Subsection 14(B)(i) has <br />expired. <br />15. CONTRACTOR’S STATUS. In the performance of the obligations set forth in this <br />Agreement, Subrecipient will have the status of an independent contractor and will not be <br />deemed to be an employee, agent or officer of City. <br />16. SUBCONTRACTING. Subrecipient will not subcontract any portion of the Project <br />without prior written approval of City. If Subrecipient subcontracts any portion of the <br />ATTY/AGR.2023.272/LifeMoves (Shelter Operations) (Page 6 of 16)