Common use of Fiscal Responsibility Clause in Contracts

Fiscal Responsibility. It is understood and agreed that the total amount of the funds used under this Agreement shall be used for the Project outlined in this Agreement. Should the Project not be completed, be partially completed, or completed at a lower cost than the original budget, the amount reimbursed to Sub-recipient shall be only for the amount spent by Sub-recipient for eligible project expenses. For any funds received under this Agreement for which expenditure is disallowed, Sub-recipient shall reimburse those funds back to the City. Sub-recipient acknowledges that the funds being provided by the City for the Project are received by the City pursuant to the Housing and Community Development Act of 1974 as amended and that expenditures of these funds shall be in accordance with the provisions of the Act and all pertinent regulations issued by agencies of the federal government. Sub-recipient agrees to comply fully with all federal, state, and local laws applicable to its operation whether or not expressly referred to in this Agreement. All activities funded with CDBG-NDR funds must meet the criteria for one of the CDBG program's National Objectives. The Sub-recipient certifies that the activities carried out under this agreement shall meet the following national objective and satisfy the following criteria: LMI Housing. Sub-recipient must satisfy the requirements under 24 CFR 570.208(a)(3). Sub-recipient shall maintain documentation to demonstrate compliance. Documentation shall be maintained to demonstrate all units are occupied by LMI households. Period of Performance The period of performance for all activities assisted by this Agreement shall commence on the contract date of2021 and shall be completed by2022 except for those activities required for closeout.

Fiscal Responsibility. It is understood and agreed that the total amount of the funds used under this Agreement shall be used for the Project outlined in this Agreement. Should the Project not be completed, be partially completed, or completed at a lower cost than the original budget, the amount reimbursed to Sub-recipient Subrecipient shall be only for the amount spent by Sub-recipient for eligible project expensesSubrecipient. For any funds received under this Agreement for which expenditure is disallowed, Sub-recipient Subrecipient shall reimburse those funds back to the City. Sub-recipient Subrecipient acknowledges that the funds being provided by the City for the Project are received by the City pursuant to the Housing and Community Development Act of 1974 as amended and that expenditures of these funds shall be in accordance with the provisions of the Act and all pertinent regulations issued by agencies of the federal government. Sub-recipient Subrecipient agrees to comply fully with all federal, state, and local laws applicable to its operation operation, whether or not expressly referred to in this Agreement. All activities funded with CDBG-NDR funds must meet the criteria for one of the CDBG program's ’s National Objectives. The Sub-recipient Subrecipient certifies that the activities carried out under this agreement shall meet the following national objective and satisfy the following criteria: LMI Housing. Sub-recipient Subrecipient must satisfy the requirements under 24 CFR 570.208(a)(3). Sub-recipient Subrecipient shall maintain documentation to demonstrate compliance. Documentation shall be maintained to demonstrate all units are occupied by LMI households. Period of Performance The period of performance for all activities assisted by this Agreement shall commence on the contract date of2021 and shall be completed by2022 except for those activities required for closeout.

Fiscal Responsibility. It is understood and agreed that the total amount of the funds used under this Agreement shall be used for the Project outlined in this Agreement. Should the Project not be completed, be partially completed, or completed at a lower cost than the original budget, the amount reimbursed to Sub-recipient Subrecipient shall be only for the amount spent by Sub-recipient Subrecipient for eligible project expenses. For any funds received under this Agreement for which expenditure is disallowed, Sub-recipient Subrecipient shall reimburse those funds back to the City. Sub-recipient Subrecipient acknowledges that the funds being provided by the City for the Project are received by the City pursuant to the Housing and Community Development Act of 1974 as amended and that expenditures of these funds shall be in accordance with the provisions of the Act and all pertinent regulations issued by agencies of the federal government. Sub-recipient Subrecipient agrees to comply fully with all federal, state, and local laws applicable to its operation operation, whether or not expressly referred to in this Agreement. All activities funded with CDBG-NDR funds must meet the criteria for one of the CDBG program's ’s National Objectives. The Sub-recipient Subrecipient certifies that the activities carried out under this agreement shall meet the following national objective and satisfy the following criteria: LMI Housing. Sub-recipient Subrecipient must satisfy the requirements under 24 CFR 570.208(a)(3). Sub-recipient Subrecipient shall maintain documentation to demonstrate compliance. Documentation shall be maintained to demonstrate all units are occupied by LMI households. Period of Performance The period of performance for all activities assisted by this Agreement shall commence on the contract date of2021 and shall be completed by2022 except for those activities required for closeout.

Fiscal Responsibility. It is understood and agreed that the total amount of the funds used under this Agreement shall be used for the Project outlined in this Agreement. Should the Project not be completed, be partially completed, or completed at a lower cost than the original budget, the amount reimbursed to Sub-recipient shall be only for the amount spent by Sub-recipient for eligible project expenses. For any funds received under this Agreement for which expenditure is disallowed, Sub-recipient shall reimburse those funds back to the City. Sub-recipient acknowledges that the funds being provided by the City for the Project are received by the City pursuant to the Housing and Community Development Act of 1974 as amended and that expenditures of these funds shall be in accordance with the provisions of the Act and all pertinent regulations issued by agencies of the federal government. Sub-recipient agrees to comply fully with all federal, state, and local laws applicable to its operation whether or not expressly referred to in this Agreement. All activities funded with CDBG-NDR funds must meet the criteria for one of the CDBG program's ’s National Objectives. The Sub-recipient certifies that the activities carried out under this agreement shall meet the following national objective and satisfy the following criteria: LMI Housing. Sub-recipient must satisfy the requirements under 24 CFR 570.208(a)(3). Sub-recipient shall maintain documentation to demonstrate compliance. Documentation shall be maintained to demonstrate all units are occupied by LMI households. Period of Performance The period of performance for all activities assisted by this Agreement shall commence on the contract date of2021 and shall be completed by2022 except for those activities required for closeout.

Fiscal Responsibility. It is understood and agreed that the total amount of the funds used under this Agreement up to the maximum limit allowed under this agreement shall be used for the Project outlined in this Agreement. Should the Project not be completed, be partially completed, or completed at a lower cost than the original budget, the amount reimbursed to Sub-recipient Subrecipient shall be only for the amount actually spent by Sub-recipient for eligible project expensesSubrecipient. For any funds received under this Agreement for which expenditure is disallowed, Sub-recipient Subrecipient shall reimburse those funds back to the City. Sub-recipient Subrecipient acknowledges that the funds being provided by the City for the Project are received by the City pursuant to the Housing and Community Development Act of 1974 as amended and that expenditures of these funds shall be in accordance with the provisions of the Act and all pertinent regulations issued by agencies of the federal government. Sub-recipient Subrecipient agrees to comply fully with all federal, state, and local laws applicable to its operation operation, whether or not expressly referred to in this Agreement. All activities funded with CDBG-NDR funds must meet the criteria for one of the CDBG program's ’s National Objectives. The Sub-recipient Subrecipient certifies that the activities carried out under this agreement shall meet the following national objective objectives and satisfy the following criteria: LMI Housing. SubLow and Moderate-recipient Income Housing- Subrecipient must satisfy the requirements under 24 CFR 570.208(a)(3). Sub-recipient Subrecipient shall maintain documentation to demonstrate compliance. Documentation shall be maintained to demonstrate all units are occupied by LMI households. Period of Performance The period of performance for all activities assisted by this Agreement shall commence on the contract date of2021 and shall be completed by2022 except for those activities required for closeout.

Fiscal Responsibility. It is understood and agreed that the total amount of the funds used under this Agreement shall be used for the Project outlined in this Agreement. Should the Project not be completed, be partially completed, or completed at a lower cost than the original budget, the amount reimbursed to Sub-recipient Recipient shall be only for the amount spent by Sub-recipient Recipient for eligible project expenses. For any funds received under this Agreement for which expenditure is disallowed, Sub-recipient Recipient shall reimburse those funds back to the City. Sub-recipient Recipient acknowledges that the funds being provided by the City for the Project are received by the City pursuant to the Housing and Community Development Act of 1974 as amended and that expenditures of these funds shall be in accordance with the provisions of the Act and all pertinent regulations issued by agencies of the federal government. Sub-recipient Recipient agrees to comply fully with all federal, state, and local laws applicable to its operation whether or not expressly referred to in this Agreement. All activities funded with CDBG-NDR funds must meet the criteria for one of the CDBG program's ’s National Objectives. The Sub-recipient Recipient certifies that the activities carried out under this agreement shall meet the following national objective and satisfy the following criteria: LMI HousingBeneficiaries. Sub-recipient Recipient must satisfy the requirements under 24 CFR 570.208(a)(3). Sub-recipient Recipient shall maintain documentation to demonstrate compliance. Documentation shall be maintained to demonstrate all units are occupied by LMI households. Period of Performance The period of performance for all activities assisted by this Agreement shall commence on the contract date of2021 and shall be completed by2022 except for those activities required for closeout.