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General Provisions - 2 <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 <br />the Project Period shall remain the property of the City and Subrecipient loses all legal <br />entitlement to such funds. Requests for Reimbursement must be received by the City <br />no later than Request for Reimbursement Deadline Date (stated in the Basic <br />Provisions) to qualify for payment under this Agreement. <br />B. Subrecipient will be paid in accordance with the terms and conditions of this Agreement <br />and in accordance with the projected budget set forth for the Project in AmpliFund and <br />incorporated herein by reference. A summary of the Project Budget is shown in the <br />Basic Provisions. <br />C. In all news releases and other public notices related to the Project funded under this <br />Agreement, Subrecipient shall include information identifying the source of funds as the <br />City of Everett 2060 Housing Trust Fund. <br />D. The Project shelter shall be operated as a shelter available exclusively to occupants whose <br />gross annual household income (at the time of initial occupancy) is not more than fifty <br />percent (50%) of the annual median income for the Seattle-Bellevue-Everett metropolitan <br />statistical area, adjusted for household size, as estimated from time to time by the U.S. <br />Department of Housing & Urban Development (HUD). If at any future time HUD ceases <br />issuing such median household estimates, the income requirements for occupants under <br />this Agreement shall be as determined by the City. Subrecipient shall verify the income of <br />tenants/occupants of units assisted under this Agreement (Assisted Units) only in <br />accordance with methods prescribed by or agreed to by the City. <br />IV. Term of Agreement <br />Project services of Subrecipient shall start on the Beginning Date in the Basic Provisions. The term <br />of this Agreement shall be extended to cover any additional time period during which Subrecipient <br />remains in control of 2060 funds or other assets. Unless otherwise determined by the City, the term <br />of this Agreement will not expire or terminate until all Subrecipient Project requirements are <br />completed. The City may, at its discretion, extend the term of this Agreement to allow for the <br />expenditure of unexpended funds. This Agreement may be terminated by the City prior to its <br />expiration date effective on written notice to Subrecipient. <br />V. Reports, Payment and Disbursements <br />A. Subrecipient shall fill out and submit to the City, in AmpliFund, requests for <br />reimbursement for the period in which expenses are incurred. <br />B. Disbursements by the City under this Agreement shall be on a reimbursement basis <br />covering actual expenditures by Subrecipient or obligations of Subrecipient currently <br />due and owing, but not paid. Disbursements shall be limited to allowable costs and shall <br />be made only upon the occurrence of all the following, in addition to compliance with all <br />other conditions contained in this Agreement: <br /> 1. Receipt by the City of a reimbursement request in AmpliFund through Pay Requests <br />and supplemental Expense Reports that are supported by copies of vouchers, invoices, <br />salary and wage summaries, or other acceptable documentation; and <br /> 2. A determination by the City that Subrecipient is in compliance with all Agreement <br />provisions.