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AgdaPkt 2013-07-22
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AgdaPkt 2013-07-22
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Last modified
8/23/2013 5:12:30 PM
Creation date
7/19/2013 3:15:07 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council
Date
7/22/2013
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6.3.A. - Page 8 <br /> Notwithstanding any provision of this Agreement, the parties hereto agree and <br /> acknowledge that this Agreement does not constitute a commitment of funds or site <br /> approval, and that such commitment of funds or approval may occur only upon <br /> satisfactory completion of the federal environmental review and receipt by grantee or <br /> subgrantee of an executed "Authority to Use Grant Funds" (HUD 7015.16) or equivalent <br /> letter. The parties further agree that the provision of any funds to the project is <br /> conditioned on the grantee's or subgrantee's determination to proceed with, modify or <br /> cancel the project based on the results of a subsequent environmental review. The <br /> Contractor is also prohibited from undertaking or committing any funds to physical or <br /> choice limiting actions, including property acquisition, demolition, movement, <br /> rehabilitation, conversion, repair or construction, or leasing or disposition prior to the <br /> execution of the "Authority to Use Grant Funds" (HUD 7015.16). Violation of this <br /> provision may result in the denial of any funds under the agreement. <br /> 2. USE OF FUNDS. Contractor will use the funds provided pursuant to <br /> Paragraph 1 solely for the Project purposes described in Exhibit "A" attached hereto <br /> and by this reference incorporated herein. Contractor shall perform services as <br /> described in Exhibit "A" in consideration of the payments set forth in Paragraph 4 and <br /> shall cause to be recorded through escrow, the Security Instruments set forth in Exhibit <br /> "B" and "D". <br /> 3. CHANGES TO PROJECT. No changes in the Project described in this <br /> Agreement which is funded by the financial assistance provided under Paragraph 1 will <br /> be made without the prior written consent of City. <br /> 4. PAYMENTS Contractor shall submit a Disclosure of Estimated Fees from <br /> First American Title Insurance Company or such other escrow company as may be <br /> ATTY/AGR/2013.116/MHA FUNDING AGREEMENT <br /> REV: 07-12-13 VR <br /> Page 3 of 32 <br />
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