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1. Interest of Agency and Employees <br /> The Agency warrants that no person who presently exercises any functions or <br /> responsibilities in connection with the Project has any personal financial <br /> interest, direct or indirect, in the Loan Agreement. <br /> The Agency further represents and covenants that he/she/it presently has no <br /> interest and shall not acquire any interest, direct or indirect, which would <br /> conflict in any manner or degree with the performance of his/her/its service <br /> hereunder. The Agency further covenants that in the performance of this <br /> contract no person having any conflicting interest shall be employed. Any <br /> interest on the part of the Agency or his/her/its employees must be disclosed <br /> in writing to the Agency or the County. <br /> 2. Covenant Against Contingent Fees <br /> The Agency warrants that no person or selling agency has been employed or <br /> retained to solicit or secure this contract upon an agreement or understanding <br /> for a commission, percentage, brokerage or contingent fee, excepting bona <br /> fide employees or a bona fide established commercial or selling agency <br /> maintained by the Agency for the purpose of securing business. In the event <br /> of breach of this clause by the Agency, the Agency shall be required to annul <br /> this contract, without liability, or, in its discretion, to deduct from the contract <br /> price or consideration or otherwise recover the full amount of such <br /> commission, percentage, brokerage, or contingent fee. <br /> U. Conflict of Interest <br /> 1. Conflict of Interest in Procurement <br /> a. Applicability <br /> In the procurement of supplies, equipment, construction, and services by <br /> the Agency, the conflict of interest provisions in 24 CFR §§ 85.36 shall <br /> apply. In all cases not governed by 24 CFR § 85.36, the provisions of 24 <br /> CFR § 92.356 and this section shall apply. <br /> b. Conflicts Prohibited <br /> No persons described in paragraph (c) of this section who exercise or <br /> have exercised any functions or responsibilities with respect to activities <br /> assisted with HOME funds or who are in a position to participate in a <br /> decision making process or gain inside information with regard to these <br /> activities, may obtain a financial interest or benefit from a HOME-assisted <br /> activity, or have an interest in any contract, subcontract or agreement with <br /> respect thereto, or the proceeds thereunder, either for themselves or <br /> Amended HOME Loan Agreement <br /> Housing Hope's Kennedy Court Improvement Project <br /> Page 16 of 53 <br />