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<br />tit <br /> <br />e <br /> <br />B. perfonnance Monitorinf?: <br /> <br />The Grantee will monitor the perfonnance of the Subrecipient against goals and <br />performance standards required herein. Substandard performance as determined <br />by the Grantee will constitute non-compliance with this Agreement. If action to <br />correct such substandard perfomlance is not taken by the Subrecipient within a <br />reasonable period of time after being notified by the Grantee, contract suspension <br />or termination procedures will be initiated pursuant to 24 CFR 85.43. <br /> <br />n. TIME OF PERFORMANCE <br /> <br />Services of the Subrecipient shall start y,.ithin 7 days after the date of this Agreement and <br />shall terminate when the Project is completed. In addition, the Subrecipient's covenants <br />and Agreements shall extend for five (5) years after the funds provided for this Project are <br />fully spent, in accordance with 24 CFR 570.505 and with applicable OMB circulars. <br /> <br />m. PAYMENT <br /> <br />It is expressly agreed and understood that the maximum total amount to be paid by the <br />Grantee under this Agreement shall not exceed One Hundred Thousand Eight Hundred <br />and No/IOO ($100,800.00). Drawdowns for the payment of eligible expenses shall be <br />made against the line item budgets specified in Exhibit B and in accordance with <br />performance. Expenses for general administration also shall be paid against the line item <br />budgets specified in Exhibit B and in accordance with performance. Payments may be <br />contingent upon certification of the Subrecipient's fmancial management system in <br />accordance with the standards specified in OMB Circular A-IIO. <br /> <br />The Grantee has no County funds for the payment of the services to be rendered under <br />this Agreement. It is expressly understood that Grantee's obligation under this <br />Agreement is conditioned upon receipt of funds for such purpose from the U.S. <br />Department of Housing and Urban Development, by virtue of the above mentioned <br />Grant(s). Accordingly, notwithstanding anything herein to the contrary, the maximwn <br />liability of the Grantee under this Agreement, shall not exceed $100,800.00 or the amount <br />actually received by the Grantee from HUD pursuant to the Block Grant, whichever is <br />less, and Subrecipient, by execution of this Agreement, acknowledges its understanding <br />of that fact. <br /> <br />4 <br />