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Exhibit D - 17 <br />A.Property records shall be maintained accurately and provide for: A description of the property; <br />manufacturer's serial number of other identification number; acquisition date and cost; source of <br />the property; percentage of block grant funds used in the purchase of property; location, use, <br />and condition of the property. <br />B.A physical inventory of property shall be taken and the results reconciled with the property <br />records at least once every two years to verify the existence, current utilization, and continued <br />need for the property. <br />C.A control system shall be in effect to ensure adequate safeguards to prevent loss, damage, or <br />theft to the property. Any loss, damage, or theft of the property shall be investigated and fully <br />documented. <br />D.Adequate maintenance procedures shall be implemented to keep the property in good condition. <br />E.If the Service Provider elects to capitalize and depreciate such non-expendable personal property <br />in lieu of claiming the acquisition cost as a direct item of cost, title to such property shall remain <br />with the Service Provider. An election to capitalize and depreciate or claim acquisition cost as a <br />direct item of cost shall be irrevocable. <br />F.Non-expendable personal property purchased by the Service Provider under the terms of this <br />Agreement, in which title is vested in the City or Federal Government, shall not be rented, <br />loaned, or otherwise passed to any person, partnership, corporation, association or organization <br />without the prior express approval of the Department. <br />G.Any non-expendable personal property furnished to, or purchased by, the Service Provider, title <br />to which is vested in the City or federal government, shall, unless otherwise provided herein or <br />approved by the City, be used only for the performance of activities defined in this Agreement. <br />H.The Service Provider shall be responsible for any loss or damage to the property of the City of <br />Everett or federal government (including expenses entered thereunto) which results from <br />negligence, willful misconduct, or lack of good faith on the part of the Service Provider to <br />maintain and administer in accordance with sound management practices that property, to <br />ensure that the property will be returned to the City or federal government in like condition to <br />that in which condition the property was acquired by purchase, fair wear and tear accepted. <br />XXI.Rule of Construction <br />In the event of an inconsistency in this Agreement, unless otherwise provided herein, the <br />inconsistency shall be resolved in accordance with the Order of Precedence in the Basic Provisions. <br />XXII.Not Used <br />XXIII.Not Used