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8. CITY AUDIT; MONITORING. City may audit the records and <br /> accounts of Contractor for the purpose of verifying expenditures by Contractor of <br /> funds provided by City pursuant to this Agreement or verifying statements or <br /> analyses made or provided by Contractor under this Agreement. Contractor will <br /> promptly respond to, and comply with, any audit exception made or taken by City <br /> or appropriate federal agencies relating to Contractor's performance or failure to <br /> I' I <br /> perform under this Agreement. Contractor will, upon demand by City, pay City <br /> the full amount owing to City or to the United States Government as a result of <br /> any such audit exception. <br /> City will monitor Contractor's Project and expenditures made pursuant to <br /> this Agreement quarterly to verify Contractor's compliance with this Agreement <br /> and local and federal contract requirements. Contractor shall cooperate with City <br /> and provide all documents and information requested by City in a timely and <br /> accurate fashion. <br /> 9. RECORD RETENTION: Contractor shall retain all financial, <br /> supporting documents, statistical records, and all other records pertinent to the <br /> Agreement for a period of four (4) years. The retention period begins on the date <br /> of the submission of the City's Comprehensive Annual Performance & <br /> Evaluation Report (CAPER) to HUD in which the activities assisted under the <br /> Agreement are reported on for the final time. Notwithstanding the above, if there <br /> is litigation, claims, audits, negotiations or other actions that involve any of the <br /> records cited, and that have started before the expiration of the four -year period, <br /> then such records must be retained until completion of the actions and resolution <br /> of all issues, or the expiration of the four year period, whichever occurs later. <br /> 10. TERMINATION. Either party may terminate this Agreement without <br /> cause at any time during the term hereof by giving the other party not less than <br /> thirty (30) days prior written notice of such termination. In the event of such <br /> termination, Contractor will submit a final invoice for any expenditure incurred up <br /> ATTY /AG R /2010.080 <br /> 081110 4 <br />