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or improvement to, the property. Such payment shall constitute program <br /> income to the City. The Subrecipient may retain real property acquired or <br /> improved under this Agreement after the expiration of the five-year period [or <br /> such longer period of time as the Grantee deems appropriate]. <br /> 3. In all cases in which equipment acquired, in whole or in part, with funds under <br /> this Agreement is sold, the proceeds shall be program income (prorated to <br /> reflect the extent to that funds received under this Agreement were used to <br /> acquire the equipment). Equipment not needed by the Subrecipient for <br /> activities under this Agreement shall be (a)transferred to the City for the CDBG <br /> program or (b) retained after compensating the City [an amount equal to the <br /> current fair market value of the equipment less the percentage of non-CDBG <br /> funds used to acquire the equipment]. <br /> Ill. Relocation, Real Property Acquisition and One-for-One Housing <br /> Replacement <br /> The Subrecipient agrees to comply with (a) the Uniform Relocation Assistance and <br /> Real Property Acquisition Policies Act of 1970, as amended (URA), and <br /> implementing regulations at 49 CFR Part 24 and 24 CFR 570.606(b); (b) the <br /> requirements of 24 CFR 570.606(c) governing the Residential Ant displacement <br /> and Relocation Assistance Plan under section 104(d) of the HCD Act; and (c) the <br /> requirements in § 570.606(d) governing optional relocation policies. The <br /> Subrecipient shall provide relocation assistance to persons, as defined by 24 CFR <br /> 570.606(b)(2), that are displaced as a direct result of acquisition, rehabilitation, <br /> demolition or conversion for a CDBG-assisted project. The Subrecipient also <br /> agrees to comply with applicable City resolutions and policies concerning the <br /> displacement of persons from their residences. <br /> IV. Personnel & Participant Conditions <br /> A. Civil Rights <br /> 1. Compliance: The Subrecipient agrees to comply with Title VI of the Civil <br /> Rights Act of 1964 as amended; Title VIII of the Civil Rights Act of 1968, as <br /> amended; Section 104(b) and Section 109 of Title I of the Housing and <br /> Community Development Act of 1974 as amended, Section 504 of the <br /> Rehabilitation Act of 1973, the Americans with Disabilities Act of 1990, the <br /> Age Discrimination Act of 1975; Executive Order 11063, and Executive Order <br /> 11246 as amended by Executive Orders 11375, 11478,12086, and 12107. <br /> 2. Nondiscrimination: The Subrecipient agrees to comply with the non- <br /> discrimination in employment and contracting opportunities laws, regulations, <br /> and executive orders referenced in 24 CFR 570.607, as revised by Executive <br />