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Exhibit B - 12 <br />be assigned to a bank, trust company, or other financial institution without such approval. <br />Notice of any such assignment or transfer shall be furnished promptly to the City. <br /> <br />2. Subcontracts: <br />a. Approvals <br /> The Subrecipient shall not enter into any subcontracts with any agency or individual in <br />the performance of this contract without the written consent of the City prior to the <br />execution of such Agreement. <br />b. Monitoring <br /> The Subrecipient will monitor all subcontracted services on a regular basis to ensure <br />contract compliance. Results of monitoring efforts shall be summarized in written reports <br />and supported with documented evidence of follow-up actions taken to correct areas of <br />noncompliance. <br />c. Content <br /> The Subrecipient shall cause all of the provisions of this Agreement in its entirety to be <br />included in and made a part of any subcontract executed in the performance of this <br />Agreement. <br />d. Selection Process <br /> The Subrecipient shall undertake to ensure that all subcontracts let in the performance of <br />this Agreement shall be awarded on a fair and open competition basis. Executed copies <br />of all subcontracts shall be forwarded to the City along with documentation concerning <br />the selection process. <br />e. Debarment <br /> The Subrecipient shall not contract with any business who has been debarred, <br />suspended, or deemed ineligible to work with Federal funds as set forth in 24 CFR <br />570.609. <br /> <br />3. Hatch Act: The Subrecipient agrees that no funds provided, nor personnel employed under <br />this Agreement, shall be in any way or to any extent engaged in the conduct of political <br />activities in violation of Chapter 15 of Title V United States Code. <br /> <br />4. Conflict of Interest: The Subrecipient agrees to abide by the provisions of 24 CFR 570.611 <br />with respect to conflicts of interest, and covenants that it presently has no financial interest <br />and shall not acquire any financial interest, direct or indirect, which would conflict in any <br />manner or degree with the performance of services required under this Agreement. The <br />Subrecipient further covenants that in the performance of this Agreement no person having <br />such a financial interest shall be employed or retained by the Subrecipient hereunder. These <br />conflict of interest provisions apply to any person who is an employee, agent, consultant, <br />officer, or elected official or appointed official of the City, or of any designated public <br />agencies or Subrecipients which are receiving funds under the CDBG Entitlement program. <br />