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2. When reimbursement requests include draw requests from a contractor for <br /> construction work completed, the Agency shall submit as may be required by the City, <br /> copies of inspection reports indicating the status of construction, copies of Conditional <br /> and Final Lien Releases, evidencing the contractor's receipt of payment and releasing <br /> any claims to lien the Property, or other appropriate documentation. <br /> 3. Within 90 days of the final Request for Payment for each HOME-assisted activity, the <br /> Project staff will prepare and submit to the City the Project Completion Report (Form <br /> HUD-40096), and other such project close out documentation as required in this loan <br /> agreement and in Section V. RECORDS AND REPORTS, B. Reports. <br /> 4. Disbursements shall be limited to the amounts needed for allowable Project costs. <br /> Disbursements will not occur, and payments may be withheld, unless the Agency <br /> provides proper documentation. <br /> 5. Prior to the disbursement of funds, the Agency will submit to the City, as may be <br /> applicable, copies of: <br /> a. Equal Opportunity and Fair Housing marketing plan; <br /> b. Records demonstrating that the units meet or will meet all applicable property <br /> standards; <br /> c. Certification that no layering of federal funds has occurred or will occur; <br /> d. Records showing compliance with relocation requirements; <br /> e. Conflict of interest statement; <br /> f. Evidence that neither the Agency nor any contractor, subcontractor, agent, <br /> representative, or consultant working on the Project is debarred or suspended from <br /> participation in federal programs; and <br /> g. Final itemized development and operating budgets for the Project. <br /> C. Budget Revisions and Other Adjustments <br /> 1. The City reserves the right to reduce the amount of the Project Budget established by <br /> this Loan Agreement if the Agency is not undertaking the Project activity at a level <br /> consistent with the terms and conditions, including but not limited to Exhibit A, of this <br /> Loan Agreement. In addition, the City reserves the right to withhold payments pending <br /> delivery of Project reports or documents as may be required under this Loan <br /> Agreement. All disbursements under this Loan Agreement shall be subject to audit <br /> and recovery of disallowed costs. <br /> 2. The Agency shall submit to the City a written request for approval of revisions to the <br /> Project Budget line items funded with City funds that exceed the greater of$20,000 or <br /> ten percent (10 %) in a budget category. Written budget revision approval must be <br /> received by the Agency before incurring any expenditures or obligations against the <br /> Loan Agreement <br /> Housing Hope Properties <br /> Page 29 of 51 <br />