Disposition of Expendable/Non-Expendable Personal Property. This contract does not provide for the purchase of property for the Subrecipient’s use in administering the program.
Disposition of Expendable/Non-Expendable Personal Property. The Subrecipient must obtain written authorization from the City before disposing of an item of equipment with an original cost exceeding $1,000. All proceeds from the sale of property purchased with any of these federal funds must be returned to the City. The Subrecipient agrees the City may file the appropriate legal instrument(s) necessary to protect the City’s financial interest. All office equipment and other personal property purchased in whole or in part with funds pursuant to this contract and used for the administration of this contract or in the administration of a program operated by the City shall be the sole and exclusive property of the City unless otherwise specified in PART B. Upon expiration and/or termination of any on-ongoing Agreement, the Subrecipient shall immediately return to the City said office equipment and other property unless otherwise authorized by the City.
Disposition of Expendable/Non-Expendable Personal Property. This contract provides for the acquisition of real estate property for the Subrecipient’s use in administering the services described in this agreement. Ownership of any real estate property and/or buildings acquired with funding provided under this agreement may not be sold or otherwise transferred, without approval of the City Council of the City of Wichita.
Disposition of Expendable/Non-Expendable Personal Property. This contract provides for the payment of renovation/rehabilitation of the existing real property located at 1007 X. Xxxxxxxxx, in order to provide a public facility as described earlier in this agreement. Ownership of any real estate property and/or buildings renovated/rehabilitated with funding provided under this agreement may never be sold or ownership otherwise transferred, without approval of the City Council of the City of Wichita.
