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<br /> <br />The City may, at its discretion, extend the term of this Agreement to allow for the expenditure of <br />unexpended funds. <br /> <br />III. Budget <br /> <br />The Subrecipient shall complete Exhibit “C”, listing budgetary items in relation to the project. <br /> <br />Any indirect costs charged must be consistent with the conditions of Paragraph II (C)(2) in Exhibit B <br />of this Agreement. In addition, the Grantee may require a more detailed budget breakdown than the <br />one contained herein, and the Subrecipient shall provide such supplementary budget information in <br />a timely fashion in the form and content prescribed by the Grantee. Amendments to the budget must <br />be approved in writing by both the Grantee and the Subrecipient. <br /> <br />IV. Payment <br /> <br />It is expressly agreed and understood that the total amount to be paid by the City under this <br />Agreement shall not exceed $665,000.00. Drawdowns for the payment of eligible expenses shall be <br />made against the line item budgets specified in Paragraph III herein and in accordance with <br />performance. Expenses for general administration shall also be paid against the line item budgets <br />specified in Paragraph III and in accordance with performance. <br /> <br />Payments may be contingent upon certification of the Subrecipient's financial management system in <br />accordance with the standards specified in 2 CFR 200 Uniform Administrative Requirements. <br /> <br />Requests for reimbursement must be in the format acceptable to the City of Everett. Exhibit “D” <br />shall be used for all reimbursement requests under this agreement and be accompanied by <br />appropriate source document as described in Exhibit D. Requests for reimbursement shall be <br />submitted to the City no less than once per quarter following execution of this agreement unless <br />otherwise approved by the Community Development Director or designee. <br /> <br />V. Pre-Award Costs <br /> <br />Pre-award costs incurred by the Agency from January 24, 2023, the award date for the City of <br />Everett’s FY2022 CPF Grant, may be eligible for reimbursement with prior approval from the <br />Community Development Director or designee. <br /> <br />