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r F� <br /> City and Subgrantee to comply with both such agreements; (9) indemnity and insurance provisions <br /> in favor of the City and the State of Washington; and (10) any other provision that the City may <br /> determine necessary. <br /> If the Subgrantee receives any repayments of Assistance Funds from the Homeowner <br /> Assistance Nonprofit Organization, the Subgrantee shall promptly deliver those repayments to the <br /> City. <br /> If an Assisted Borrower sells or otherwise transfers Assisted Property (including without <br /> limitation transfer pursuant to trustee sale or foreclosure), at the closing of such sale or transfer the <br /> Subgrantee shall deliver to the City a payment equal to the original principal amount of the <br /> Homeowner Assistance Loan for that Assisted Property, less any amounts of Assistance Funds <br /> attributable to that Homeowner Assistance Loan that the Subgrantee has already repaid to the City. <br /> The Subgrantee acknowledges that it is obligated to make the payment(s) required in the previous <br /> sentence regardless of whether the Assisted Borrower makes any repayment of its Homeowner <br /> Assistance Loan or any other Assistance Funds to the Homeowner Assistance Nonprofit <br /> Organization and regardless of whether the Homeowner Assistance Nonprofit Organization makes <br /> any repayment of Assistance Funds to the Subgrantee. <br /> General Administration <br /> Subgrantee shall perform the work under this Agreement in accordance with this Agreement,. <br /> CTED Grant Agreement, and all applicable laws and regulations. <br /> Subgrantee may use up to $21,899 of the Subgrant for the costs of administering the <br /> Subgrant. <br /> B. National Obiectives <br /> The Subgrantee certifies that the activities carried out with funds provided under this Agreement will <br /> meet one or more of the following CDBG National Objectives - 1) benefit low/moderate income <br /> persons, 2) aid in the prevention or elimination of slums or blight or, 3) meet community development <br /> needs having a particular urgency-as defined in 24 CFR Part 570.208. • <br /> C. Performance Monitoring <br /> The City will monitor the performance of the Subgrantee against goals and performance standards <br /> required herein. Substandard performance as determined by the City will constitute non-compliance <br /> with this Agreement. If action to correct such substandard performance is not taken by the <br /> Subgrantee within a reasonable period of time after being notified by the City, the City may suspend <br /> or terminate this Agreement. <br /> D. Levels of Accomplishment- Goals and Performance Measures <br /> The Subgrantee shall track outcome performance measures as required by the U.S. Department of <br /> Housing and Urban Development and the City. The Subgrantee will report the outcomes to the City <br /> • <br /> A-3 <br /> 10 ' <br />