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C <br /> Table of Contents <br /> Page <br /> Recitals 1 <br /> I. Grant Terms 1 <br /> A. The Grant 1 <br /> B. The Project 2 <br /> C. Project Budget 2 <br /> D. Public Information 2 <br /> E. Resident Population of the Project 2 <br /> II. Term of Agreement 2 <br /> III. Payment and Disbursements 3 <br /> IV. Property Taxes and Utilities 3 <br /> V. Management of the Project 3 <br /> A. In General 3 <br /> B. Occupancy Practices 3 <br /> C. Occupancy Procedures 4 <br /> VI. Insurance 4 <br /> VII. Construction Services and Project Schedule 6 <br /> A. Construction Standards 6 <br /> B. State Labor Standards 6 <br /> VIII. Environmental Review 6 <br /> IX. Competitive Bidding 6 <br /> X. Reporting Requirement; Annual Reports 6 <br /> XVI. Audits; Inspections 6 <br /> XVII. Breach by the Grantee; Remedies 6 <br /> XVIII. Nonwaiver of Breach 7 <br /> XIX. Governing Law; Venue Stipulation 7 <br /> XX. Relationship of the Parties 7 <br /> XVI. Hold Harmless and Indemnification 8 <br /> XVII. Severability 8 <br /> XVIII. Notices 8 <br /> • n <br /> IL <br /> 2060 HOUSING <br /> TRUST FUND AGREEMENT <br />