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Authorizing the Acceptance of the Grant offer of the United States of America by the Municipal City of South Bend
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Authorizing the Acceptance of the Grant offer of the United States of America by the Municipal City of South Bend
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4/22/2014 11:49:57 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
2/11/1963
Ord-Res Number
4555-63
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EXHIBIT A <br />CFA -1120 <br />(11 -62) <br />HOUSING AND HOME FINANCE AGENCY <br />COMMUNITY FACILITIES ADMINISTRATION <br />TERMS AND CONDITIONS <br />Constituting Part of the Grant Agreement Providing for the <br />Financing and Construction of Public Works or Facilities <br />Under Title II of the Housing Amendments of 1955, as Amended <br />by the Public Works Acceleration Act, Public Law 87 -658. <br />Section 1. Definitions. As used in these Terms and Conditions: <br />"Government" means the United States of America. <br />"Project" means the Public Works or Facilities covered by the <br />Grant Agreement. <br />"Grant Agreement" means the contract between the Government <br />and the Applicant covering the Project and includes both <br />these Terms and Conditions and other contract instruments. <br />"Applicant" means the public entity designated in the Grant <br />Agreement. <br />"Project Costs" means the cost of construction work for the <br />Project, cost of necessary architectural/ engineering <br />services, legal, administrative and clerical costs, cost <br />of land acquisition, necessary travel expenses, interest <br />during construction and development, and other necessary <br />miscellaneous expenses, all as determined by the Government. <br />"Eligible Project Costs" means Project Costs less the costs of <br />land, rights -of -way, initial operating supplies and equipment <br />with the exception of those items directly or reasonably <br />required for the completion of construction, planning <br />financed by a Planning Advance under Section 702 of the <br />Housing Act of 1954, as amended, and any other ineligible <br />miscellaneous expenses, all as determined by the Government. <br />"Depository Bank" means a bank or trust company which is a <br />member of the Federal Deposit Insurance Corporation. <br />Section 2. Prerequisites to Government's Obligations. The Government shall <br />be under no obligation to disburse funds under the Grant Agreement if: <br />
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