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government document that is subject to the applicable laws regarding disclosure. The Designated Official <br />understands that by signing this Agreement they indicate the authority to bind the Agency to the City of <br />Everett on behalf of the organization and represent as listed in the Organizational Information in <br />AmpliFund. The Designated Official may also be listed as the Recipient Manager, or a separate individual <br />may be listed as the Recipient Manager if given the organizational authority from the Designated Official <br />and/or organization Board of Directors or equivalent thereof. <br />E. No member of Subrecipient's governing body or its personnel shall have any direct or indirect <br />personal financial interest in this Agreement which affects his/her personal interest or the interest of any <br />private corporation, partnership or association in which he/she is directly or indirectly interested. For the <br />purposes of this section, partial ownership of publicly traded businesses is not a "direct or indirect interest" <br />unless such partial ownership is sufficiently large as to be able to control the business in whole or in part. <br />II. Time of Performance <br />The term "Project Period" as used in this Agreement means the period of time between the beginning date <br />stated in the Basic Provisions and the completion date stated in the Basic Provisions. <br />Subrecipient shall commence work at the completion of Environmental Determination by the City of <br />Everett s Community Development staff or at the beginning of the Program Year, whichever shall occur <br />latter Subrecipient shall work expeditiously, diligently and continuously to complete the Project to the <br />reasonable satisfaction of the City on or before the end of the Project Period. <br />The term of this Agreement and the provisions herein shall be extended to cover any additional time period <br />during which the Subrecipient remains in control of CDBG funds or other assets, including program income <br />The City may, at its discretion, extend the term of this Agreement to allow for the expenditure of unexpended <br />funds. <br />III. Budget <br />The Subrecipient shall complete a budget and all budgetary amendments in AmpliFund, listing budgetary line <br />items in relation to the project. <br />Any indirect costs charged must be consistent with the conditions of Paragraph II (C)(2) of Exhibit B of this <br />Agreement. In addition, the City may require a more detailed budget breakdown than the one contained <br />herein, and the Subrecipient shall provide such supplementary budget information in a timely fashion in the <br />form and content prescribed by the City. <br />IV. Payment <br />It is expressly agreed and understood that the total amount to be paid by the City under this Agreement shall <br />not exceed the Maximum Reimbursement Amount (stated in the Basic Provisions) for undertaking the <br />Project. Drawdowns for the payment of eligible expenses shall be made against the line item budgets <br />specified in Paragraph III, Budget, herein and in accordance with performance. Expenses for general <br />administration shall also be paid against the line item budgets specified in Paragraph III, Budget, and in <br />accordance with performance. <br />Exhibit A - 3 <br />