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$207,110.00. It is understood that funds can be moved between eligible line items as costs increase or decrease <br />because of market conditions. However, the developer fee cannot exceed 12.5%of funds expended, or a maximum <br />of $23,012.00. <br />Acquisition of Real property <br />Construction hard costs <br />Other <br />Holding/selling costs <br />Developer Fee (not to exceed) <br />$ 25,000.00 <br />$140,098.00 <br />$ 11,000.00 <br />$ 8,000.00 <br />$ 23,012.00 <br />$207,110.00 <br />COST CATEGORIES <br />Generally, costs must be necessary, reasonable and directly related to the grant. In accordance with the Statement of <br />Purpose and Intent, eligible cost categories include personnel wages and fringe benefits associated with the <br />administration of CDBG activities listed above. Time cards must be submitted indicating time spent on CDBG <br />activities before reimbursement will be approved. <br />NON -EXPENDABLE PROPERTY <br />Notwithstanding any provision herein to the contrary, no costs may be incurred for non -expendable property <br />(equipment, furniture, fixtures, etc.) without obtaining prior written approval from the Department of Community <br />Investment. <br />PRIOR APPROVAL <br />Prior written approval from the Department of Community Investment will be required in order to expend funds for <br />cost categories, types of activities, or Iocations not listed above. Prior written approval must also be obtained for any <br />reductions, deletions, or additions to the approved line item budget. <br />FINANCIAL AND ADMINISTRATIVE REPORTS <br />The Agency shall submit the Reimbursement and Progress Report supplied by the City upon each withdrawal of funds. <br />Documentation must be submitted indicating time spent on CDBG activities before reimbursement will be approved. <br />The Agency understands that claims for reimbursement of expenses (goldenrod forms) shall be accompanied by proper <br />documentation (check copies, invoices, staff time distributions, etc.). <br />The City reserves the right to refuse any or all claims not properly supported with adequate and proper documentation <br />of claims and activity progress. <br />Appendix 1- Scope of Services Page 2 <br />