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2. Real property under the Subrecipient's control that was acquired or improved, in whole or <br /> in part, with funds under this Agreement in excess of $25,000 shall be used to meet one <br /> of the CDBG National Objectives pursuant to 24 CFR 570.208 until five (5) years after <br /> expiration of this Agreement [or such longer period of time as the City deems appropriate]. <br /> If the Subrecipient fails to use CDBG-assisted real property in a manner that meets a <br /> CDBG National Objective for the prescribed period of time, the Subrecipient shall pay the <br /> City an amount equal to the current fair market value of the property less any portion of <br /> the value attributable to expenditures of non-CDBG funds for acquisition of, or <br /> improvement to, the property. Such payment shall constitute program income to the City. <br /> The Subrecipient may retain real property acquired or improved under this Agreement <br /> after the expiration of the five-year period [or such longer period of time as the Grantee <br /> deems appropriate]. <br /> 3. In all cases in which equipment acquired, in whole or in part, with funds under this <br /> Agreement is sold, the proceeds shall be program income (prorated to reflect the extent <br /> to that funds received under this Agreement were used to acquire the equipment). <br /> Equipment not needed by the Subrecipient for activities under this Agreement shall be (a) <br /> transferred to the City for the CDBG program or (b) retained after compensating the City <br /> [an amount equal to the current fair market value of the equipment less the percentage of <br /> non-CDBG funds used to acquire the equipment]. <br /> III. Relocation, Real Property Acquisition and One-for-One Housing Replacement <br /> The Subrecipient agrees to comply with (a) the Uniform Relocation Assistance and Real <br /> Property Acquisition Policies Act of 1970, as amended (URA), and implementing regulations <br /> at 49 CFR Part 24 and 24 CFR 570.606(b); (b) the requirements of 24 CFR 570.606(c) <br /> governing the Residential Ant displacement and Relocation Assistance Plan under section <br /> 104(d) of the HCD Act; and (c) the requirements in § 570.606(d) governing optional relocation <br /> policies. The Subrecipient shall provide relocation assistance to persons, as defined by 24 <br /> CFR 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 agrees to <br /> comply with applicable City resolutions and policies concerning the displacement of persons <br /> 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 Rights Act of <br /> 1964 as amended; Title VIII of the Civil Rights Act of 1968, as amended; Section 104(b) <br /> and Section 109 of Title I of the Housing and Community Development Act of 1974 as <br /> amended, Section 504 of the Rehabilitation Act of 1973, the Americans with Disabilities <br /> Act of 1990, the Age Discrimination Act of 1975; Executive Order 11063, and Executive <br /> Order 11246 as amended by Executive Orders 11375, 11478,12086, and 12107. <br /> 2. Nondiscrimination: The Subrecipient agrees to comply with the non-discrimination in <br /> employment and contracting opportunities laws, regulations, and executive orders <br />