Contract – Subsidize the Cost of Providing Moderate Repairs for Low-Moderate Income Homeowners - Rebuilding Together, St. Joseph County, Inc.

Home Browse Search

termination, the City determines that the remaining portion of the award will not accomplish the purpose for which the award was made, the City may terminate the award in its entirety. G. i't , tm CmIOSe-O L,.t. In the event the Agency does not expend the amount allocated under this Contract or the project is canceled, expired, assigned or terminated for any reason, any funds not claimed by the Agency and approved by the City for allowable costs by the end of the term or by the date of cancellation, expiration, or termination of this Contract, as the case may be, shall no longer be payable to the Agency under this Contract. H. ReversionofAssets. At the conclusion, cancellation, assignment or termination of this Contract, the disposition of assets under this Contract shall be in compliance with 24 CFR 570.502, 24 CFR 570.503, and 24 CFR 570.504 as applicable, which include but are not limited to the following: 1. Personal property and equipment acquired under this Contract shall revert to the City for disposition in compliance with 24 CFR 570.502. 2. Where there is a residual inventory of unused supplies in excess of Five Thousand Dollars ($5,000) in total aggregate fair market value in which the Agency has vested title through acquisitions under this Contract, and where there is no need for said supplies for any other federally sponsored programs or projects, the Agency shall compensate the City for its share in compliance with 24 CFR 570.502. 3. The Agency shall transfer to the City any funds on hand and any accounts receivable attributable to the use of funds under this Contract at the time of expiration, cancellation, or termination. 4. Real property under the Agency's control that was acquired or improved in whole or in part with funds under this Contract, including loans made to the Agency, in excess of Twenty Five Thousand and 00/100 Dollars ($25,000.00), unless otherwise specified in Scope of Services/Program Description, Appendix I, shall be (a) used to meet one of the national objectives pursuant to 24 CFR 570.208 until five years after expiration of this Contract, or (b) not used in accordance with H(4)(a) of this section, in which event the Agency shall pay to the City an amount equal to the current market value of the property less any portion thereof attributable to expenditures of non -Contract funds for acquisition of, or improvement to, the property. 9. COMMUNITY DEVELOPMENT IDENTIFICATION IN PROJECT ACTIVITIES: A. All buildings, offices, vehicles and other such property purchased or supported in whole or in part with funds made available under this Contract shall identify the Program as a sponsor of the activity. B. All pamphlets, brochures or other printed material prepared and/or distributed by the Agency in connection with activities for which Community Development funding is provided under this Contract shall identify the Program and HUD as sponsors of the activity by the inclusion of the following statement in all such material: "This [brochure, pamphlet, etc.] was produced [in whole or in part] with the assistance of the City of South Bend Community Development Program through funds made available by the U.S. Department of Housing and Urban Development under Title I of the Housing and Community Development Act of 1977."