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2008/08/06 Council Agenda Packet
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2008/08/06 Council Agenda Packet
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Council Agenda Packet
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8/6/2008
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ti <br /> C. The Grantee shall provide to HUD the following documentation: <br /> 1. A Certification of Project Completion. <br /> 2. A Grant Close-out Agreement. <br /> 3. A final financial report giving the amount and types of project costs charged <br /> to the grant (that meet the allowability and allocability requirements of OMB <br /> Circular A-122, A-87 or A-21 as applicable, including the "necessary and <br /> reasonable" standard); a certification of the costs; and the amounts and <br /> sources of other project funds. <br /> 4. A final performance report providing a comparison of actual accomplishments <br /> with each of the project commitments and objectives in the approved <br /> application, the reasons for slippage if established objectives were not met and <br /> additional pertinent information including explanation of significant cost <br /> overruns. <br /> D. The Grantee agrees that the grant funds are allowable only to the extent that the <br /> project costs, meeting the standard of OMB Circular A-122, A-87 or A-21 as <br /> applicable, equal the grant amount plus other sources of project funds provided. <br /> E. When HUD has determined that the grant funds are allowable, the activities were <br /> completed as described by the Grant Agreement, and all Federal requirements were <br /> satisfied, HUD and the Grantee will sign the Close-out Agreement and Close-out <br /> Certificate. <br /> F. The Close-out Agreement will include the Grantee's Agreement to abide by any <br /> continuing federal requirements. <br /> ARTICLE VI. Default. <br /> • <br /> A default under this Grant Agreement shall consist of using grant funds for a <br /> purpose other than as authorized by this Agreement, any noncompliance with legislative, <br /> regulatory, or other requirements applicable to the Agreement, any other material breach <br /> of this Agreement, or any material misrepresentation in the application submissions. <br /> ARTICLE VII. Additional Provisions. <br /> A. Project Description. The project is as described in the application with the following <br /> changes: <br /> B. Changes or Clarification to the Application Related to Participating Parties: <br /> The Administrative Agent if any: <br /> C. Special Conditions: <br /> y, The Consolidated Appropriations Act, 2008 provides that no funds made <br /> L-' available under the Act may be used to support any Federal, State or local <br /> projects that seek to use the power of eminent domain, unless eminent domain <br /> is employed only for a public use. For purposes of this provision, public use <br /> shall not be construed to include economic development that primarily <br /> hanafitc nrivate entititec <br />
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