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General Provisions - 1 <br />ATTACHMENT <br />2060 HOUSING TRUST FUND AGREEMENT <br />(GENERAL PROVISIONS) <br /> <br />I. Project Scope of Services <br />A. Subrecipient shall perform or cause to be performed the project summarized in the <br />Basic Provisions. This project is more specifically described in AmpliFund under the <br />Agreement Number referred to in the Basic Provisions. The project as described in <br />AmpliFund is referred to in this Agreement as the “Project.” AmpliFund is the City’s <br />online Grant Management Software program for grant management, payment <br />submission, accomplishment tracking, and additional responsibilities from Subrecipient <br />as needed for City monitoring. <br />B. The City agrees to reimburse Subrecipient an amount not to exceed the Maximum <br />Reimbursement Amount in the Basic Provisions. Such funds shall be expended during <br />the Project Period as described herein in accordance with the provisions of this <br />Agreement and the rules, regulations and laws applicable to the expenditure of general <br />fund monies by the City. <br />C. Residents of the City of Everett, Washington must benefit from the Project funded in <br />accordance with this Agreement. For the purposes of this Agreement, a resident of the <br />City of Everett is a person who resides within the city limits established by the City’s <br />Planning and Zoning maps. <br />D. In this Agreement, “Very Low-Income” means gross annual household income (at the <br />time of initial occupancy) is not more than fifty percent (50%) of the annual median <br />income for the Seattle-Bellevue-Everett metropolitan statistical area, adjusted for <br />household size, as estimated from time to time by the U.S. Department of Housing & <br />Urban Development (HUD). <br />II. Time of Performance <br />A. The term "Project Period" as used in this Agreement means the period of time between <br />the beginning date Agreement stated in the Basic Provisions and the completion date <br />stated in the Basic Provisions. <br />B. Subrecipient shall commence work on the Project within thirty (30) days of the date of <br />execution of this Agreement. Subrecipient shall work expeditiously, diligently and <br />continuously to complete the Project to the reasonable satisfaction of the City on or <br />before the end of the Project Period. <br />III. Compensation <br />A. The "Grant Manager" for the Project will be assigned by Subrecipient in AmpliFund at <br />the beginning of the Project Period. The Grant Manager may be changed by <br />Subrecipient, but only upon written notice to the City's Community Development <br />Manager. The Grant Manager shall be responsible for executing request for fund <br />reimbursements, known as “Pay Requests,” in AmpliFund. <br />B. Subject to the terms and conditions of this Agreement, the City shall reimburse <br />Subrecipient a sum not to exceed the Maximum Reimbursement Amount (stated in the <br />Basic Provisions) for undertaking the Project. Any funds not paid to Subrecipient within