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Exhibit B - 7 <br /> <br />1. The Subrecipient shall transfer to the City any CDBG funds on hand and any accounts receivable <br />attributable to the use of funds under this Agreement at the time of expiration, cancellation, or <br />termination. <br /> <br />2. Real property under the Subrecipient’s control that was acquired or improved, in whole or in part, <br />with funds under this Agreement in excess of $25,000 shall be used to meet one of the CDBG <br />National Objectives pursuant to 24 CFR 570.208 until five (5) years after expiration of this <br />Agreement [or such longer period of time as the City deems appropriate]. If the Subrecipient fails <br />to use CDBG-assisted real property in a manner that meets a CDBG National Objective for the <br />prescribed period of time, the Subrecipient shall pay the City an amount equal to the current fair <br />market value of the property less any portion of the value attributable to expenditures of non - <br />CDBG funds for acquisition of, or improvement to, the property. Such payment shall constitute <br />program income to the City. The Subrecipient may retain real property acquired or improved <br />under this Agreement after the expiration of the five -year period [or such longer period of time <br />as the City deems appropriate]. <br /> <br />3. In all cases in which equipment acquired, in whole or in part, with funds under this Agreement is <br />sold, the proceeds shall be program income (prorated to reflect the extent to that funds received <br />under this Agreement were used to acquire the equipment). Eq uipment not needed by the <br />Subrecipient for 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 current fair market <br />value of the equipment less the percentage of non-CDBG funds used to acquire the equipment]. <br /> <br />III. Relocation, Real Property Acquisition and One-for-One Housing Replacement <br /> <br />The Subrecipient agrees to comply with (a) the Uniform Relocation Assistance and Real Property <br />Acquisition Policies Act of 1970, as amended (URA), and implementing regulations at 49 CFR Part 24 <br />and 24 CFR 570.606(b); (b) the requirements of 24 CFR 570.606(c) governing the Residential Ant <br />displacement 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 Subrecipient shall provide <br />relocation assistance to persons, as defined by 24 CFR 570.606(b)(2), that are displaced as a direct <br />result of acquisition, rehabilitation, demolition or conversion for a CDBG-assisted project. The <br />Subrecipient also agrees to comply with applicable City resolutions and policies concerning the <br />displacement of persons from their residences. <br /> <br />IV. Personnel & Participant Conditions <br /> <br />A. Civil Rights <br /> <br />1. Compliance: The Subrecipient agrees to comply with Title VI of the Civil Rights Act of 1964 as <br />amended; Title VIII of the Civil Rights Act of 1968, as amended; Section 104(b) and Section 109 of <br />Title I of the Housing and Community Development Act of 1974 as amended, Section 504 of the <br />Rehabilitation Act of 1973, the Americans with Disabilities Act of 1990, the Age Discrimination Act