2002-12-09 Regular Meeting and Workshop Meeting

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• 0 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. Subst*idard performance as determined by the Grantee will constitute non-compliance or br:ach 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 naff and/or the Harris County Auditor's staff will conduct. Subrecipient also agrees t.) be cooperative with monitoring and/or investigations performed by the Department e: 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 31" day of July 2004. 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 Hundred Sixty Eight Thousand One Hundred Dollars and No 100 (S16S.100.00). DrawdoN;-is for the payment of eligible expenses shall be made against the line item budgets sp�-ifred in Exhibit "B" in accordance with performance. The Grantee will only make =_nds available to the Subrecipient on a reimbursable basis upon receipt of an invoice. invoices must be submitted on or before the tenth %vorking day of the month for eligible costs incurred during the preceding mont . and shall be on a form approved by the Harris County Auditor. Subrecipient shall be paid a portion of the com-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 pro-- ided for in this contract. Subrecipient is directed to the HOME program regulations found at 24 C.F.R. § 92.206, Eligible Project Costs.