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assistance. The specific eligible project costs f;r these activities are set forth in 24 C.F.R § 92.206. B. Performance Monitoring The Grantee will monitor the performance of the Subrecipient against goals and performance standards required herein. Subsundard performance as determined by the Grantee will constitute non-compliance or brach with this Agreement. If action to correct such substandard performance is nct taken by the Subrecipient within a reasonable period of time after being notified by the Grantee, Agreement termination procedures will be initiated pursuant to 24 C.F.-R. § 85.43. The Subrecipient agrees to cooperate in periodic site visits and annual program and financial monitoring visits which the OHED staff and/or the Harris County Auditor's staff will conduct. Subrecipient also agrees to be cooperative with monitoring and/or investigations performed by the Department c: Housing and Urban Development, and comply with their findings. Any non-compliance's identified during said monitoring visits shall be addressed in a reasonable period of time by the Subrecipient. Failure to respond in a timely manner will result in further corrective action by OHED in:iuding, but not limited to, termination of the agreement. II. TIME OF PERFORMANCE Services of the Subrecipient shall start on the -`h day of December 2002 and end on the 31S` day of July X004. This Agreement may on:.: be extended upon written approval from the Director, OHED. III. PAYMENT It is expressly agreed and understood that the total amount to be paid by the Grantee under this Agreement shall not exceed One Hu -:fired Sixty Eight Thousand One Hundred Dollars and No 100 (S16S.100.00). Drawdo%;-is for the payment of eligible expenses shall be made against the line item budgets sp�-�ified in Exhibit `B" in accordance with performance. The Grantee will only make "rids available to the Subrecipient on a reimbursable basis upon receipt of an invoice. Invoices must be submitted on or before the tenth working day of the month for elis:ale costs incurred during the preceding rnont . and shall be on a form approved by the -arris County Auditor. Subrecipient shall be paid a portion of the con act amount for each closing. The portion to be paid is represented by a fraction, the Numerator of which is one (1) and the denominator of %vhich is the total closings provided for in this contract. Subrecipient is directed to the HOME program regulations fou -.d at 24 C.F.R. § 92.206, Eligible Project Costs.