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<br />" <br /> <br />e <br /> <br />e <br /> <br />The Subrecipient shall maintain all records required by the federal regulations <br />specified in 24 C.F.R. 570.506 and that are pertinent to the activities to be funded <br />under this Agreement. Such records shall include but not be limited to: <br /> <br />a. Records providing a full description of each activity undertaken; <br />b. Records demonstrating that each activity undertaken meets one of <br />the National Objectives of the CDBG program; <br />c, Records required to determine the eligibility of activities; <br />d. Records required to document the acquisition, improvement, use or <br />disposition of real property acquired or improved with CDBG <br />assistance; <br />e. Records documenting compliance with the fair housing and equal <br />opportunity components of the CDBG program; <br />f, Financial records as required by 24 C,F.R. 570,502, and OMB <br />Circular A-133; and <br />g. Other records necessary to document compliance with Subpart K <br />of24 C,F,R. Part 570. <br /> <br />2. Retention <br /> <br />The Subrecipient shall retain all records pertinent to expenditures incurred under <br />this Agreement for a period of 5 years after the termination of all activities funded <br />under this Agreement, or after the resolution of all Federal audit findings, which <br />ever occurs later. Records for non-expendable property acquired with funds under <br />this Agreement shall be retained for 5 years. after fmal disposition of such <br />property. Records for any displaced person must be kept for 5 years after he/she. <br />has received final payment. <br /> <br />Subrecipient must also comply with the Uniform Relocation Assistance and Real <br />Property Acquisition Policies Act of 1970. <br /> <br />Notwithstanding the above, if there is litigation, claims, audits, negotiations or <br />other actions that involve any of the records cited and that have started before the <br />expiration of the above-described periods, then such records must be retained until <br />completion of the actions and resolution of all issues, or the expiration of the <br />above-described periods, whichever occurs later. <br /> <br />3. Reports <br /> <br />The Subrecipient shall furnish reports to the Grantee, which include, but may not <br />be limited to the following, if applicable: <br /> <br />A. Payment Request submitted monthly to Grantee. <br />B, Weekly Payroll Reports from General Contractors and all Subcontractors. <br /> <br />8 <br />