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from the Contractor account. The Agency shall also maintain records <br /> sufficient to allow it to estimate, as accurately as is feasible, the total <br /> amount of HOME Program Income that will be received from all of the <br /> Agency's HOME-assisted activities during the next ensuing July 1 to June <br /> 30 twelve-month period, and shall report that estimated amount to the <br /> County by February 1 of current July 1 to June 30 twelve-month period. <br /> 4. Upon termination or expiration of this Agreement, as provided in Section I- <br /> F of Exhibit A hereof or the Basic Terms and Conditions Agreement, the <br /> Agency shall remit to the County the balance of Program Income on hand, <br /> and assign and convey to the County title to all Program Income <br /> receivables. Thereafter the Agency shall remit to the County any Program <br /> Income amounts received for so long as the County continues to be a <br /> Participating Jurisdiction (as defined at 24 CFR Part 92) in the HOME <br /> Program. <br /> 5. If the County ceases to be a Participating Jurisdiction before the end of <br /> the term of this Agreement, the Agency shall at that time remit to the <br /> County any on-hand Program Income comprised of HOME funds which <br /> were repaid during the term of this Agreement. The County in turn shall <br /> remit such funds to HUD. Thereafter, all future Program Income from <br /> repaid HOME funds made during the term of this Agreement shall be <br /> immediately remitted to the County, in perpetuity, and the County shall <br /> remit such funds to HUD. <br /> V. RECORDS AND REPORTS <br /> The Agency agrees to maintain the following records and submit the following <br /> reports in order to assist the County in meeting its recordkeeping and reporting <br /> requirements: <br /> A. Records <br /> Records under this Agreement shall be retained for the applicable periods <br /> required by 24 CFR § 92.508(c). <br /> The Agency agrees to generate and maintain sufficient records to enable the <br /> County to determine whether the Agency has met the requirements of this <br /> Agreement, which records shall include the following: <br /> 1. Program records for each loan showing the sources and the uses of the <br /> funds and documenting homeowners assisted, homeowners' income, <br /> homeowners' ownership of units assisted, homeowners' occupancy of <br /> units assisted as principal residence, property type, property location, and <br /> Exhibit A-2 <br /> HCS-16-42-1601-198(2) <br /> City of Everett <br /> Page 18 of 24 <br />