Common use of Preliminary Closeout Clause in Contracts

Preliminary Closeout. Within 90 days after completion of all activities to be performed under the Revitalization Plan using HOPE VI Grant funds, the Grantee will initiate Preliminary Closeout by submitting documents as required by HUD. At HUD's option, the Grantee may delay initiation of Preliminary Closeout until the resolution of any HUD monitoring findings. If HUD exercises this option, the Grantee must promptly resolve the findings. Preliminary Closeout documents will include:

Preliminary Closeout. Within 90 days after completion of all activities to be performed under the Revitalization Demolition Plan using HOPE VI Demolition Grant funds, the Grantee will initiate Preliminary Closeout by submitting documents as required by HUDCloseout. At HUD's option, the Grantee may delay initiation of Preliminary Closeout until the resolution of any HUD monitoring findings. If HUD exercises this option, the Grantee must promptly resolve the findings. Preliminary Closeout documents will include: