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Contract amendments to the City.
<br />2, The City may also terminate, assign or transfer this Contract when required by HUD direction.
<br />3. The Agency may propose to terminate this Contract in whole or in part, for good cause only, by giving
<br />at least thirty (30) days written notice specifically stating the cause for such requested termination. Any
<br />such request for termination shall be subject to the written approval of the City, acted upon by the City
<br />within ten (10) days of receipt of the notice of request to terminate. The decision of the City shall be
<br />final and conclusive, provided that such approval shall not be unreasonably withheld.
<br />4. This Contract may also be terminated by either the City or the Agency in whole or in part, by mutual
<br />agreement setting forth the reasons for such termination, the effective date, and in the case of partial
<br />termination, the portion to be terminated. However, if in the case of a partial termination, the City
<br />determines that the remaining portion of the award will not accomplish the purpose for which the award
<br />was made, the City may terminate the award in its entirety.
<br />G. Project Close -Out. In the event the Agency does not expend the amount allocated under this Contract or the
<br />project is canceled, expired, assigned or terminated for any reason, any funds not claimed by the Agency and
<br />approved by the City for allowable costs by the end of the term or by the date of cancellation, expiration, or
<br />termination of this Contract, as the case may be, shall no longer be payable to the Agency under this Contact.
<br />H. Reversion of Assets. At the conclusion, cancellation, assignment or termination of this Contract, the
<br />disposition of assets under this Contract shall be in compliance with 24 CFR 570.502, 24 CFR 570.503, and
<br />24 CFR 570.504 as applicable, which include but are not limited to the following:
<br />1. Personal property and equipment acquired under this Contract shall revert to the City for disposition in
<br />compliance with 24 CFR 570.502.
<br />2. Where there is a residual inventory of unused supplies in excess of Five Thousand Dollars ($5,000) in
<br />total aggregate fair market value in which the Agency has vested title through acquisitions under this
<br />Contract, and where there is no need for said supplies for any other federally sponsored programs or
<br />projects, the Agency shall compensate the City for its share in compliance with 24 CFR 570.502.
<br />3. The Agency shall transfer to the City any funds on hand and any accounts receivable attributable to the
<br />use of funds under this Contract at the time of expiration, cancellation, or termination.
<br />4. Real property under the Agency's control that was acquired or improved in whole or in part with funds
<br />under this Contract, including loans made to the Agency, in excess of Twenty Five Thousand and 00/100
<br />Dollars ($25,000.00), unless otherwise specified in Scope of Services/Program Description, Appendix
<br />1, shall be (a) used to meet one of the national objectives pursuant to 24 CFR 570,208 until five years
<br />after expiration of this Contract, or (b) not used in accordance with H(4)(a) of this section, in which
<br />event the Agency shall pay to the City an amount equal to the current market value of the property less
<br />any portion thereof attributable to expenditures of non -Contract funds for acquisition of, or improvement
<br />to, the property.
<br />9. COMMUNITY DEVELOPMENT IDENTIFICATION IN PROJECT ACTIVITIES:
<br />A. All buildings, offices, vehicles and other such property purchased or supported in whole or in part with funds
<br />made available under this Contract shall identify the Program as a sponsor of the activity.
<br />B. All pamphlets, brochures or other printed material prepared and/or distributed by the Agency in connection
<br />with activities for which Community Development funding is provided under this Contract shall identify the
<br />Program and HUD as sponsors of the activity by the inclusion of the following statement in all such material:
<br />"This [brochure, pamphlet, etc.] was produced [in whole or in part] with the assistance of the
<br />City of South Bend Community Development Program through funds made available by the
<br />U.S. Department of Housing and Urban Development under Title I of the Housing and
<br />CDBG Program Contract Page 4
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