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i f Contract Number: 06CP- 1 1 - 1 0-40-01 - CSFA Number 52 . 023 STATE -FUNDED SUBGRANT AGREEMENT THIS AGREEMENT is entered into by and between the State of Florida , Department of Community Affairs , with headquarters in - Tallahassee , Florida ( hereinafter referred to as the " Department ' ) , and Indian River County (hereinafter referred to as the "Recipient") . THIS AGREEMENT IS ENTERED INTO BASED ON THE FOLLOWING REPRESENTATIONS : A. WHEREAS , the Recipient represents that it is fully qualified and eligible to receive these grant funds to provide the services identified herein ; and B . WHEREAS , the Department has received these grant funds from the State of Florida , and has the authority to subgrant these funds to the Recipient upon the terms and conditions hereinafter set forth ; and C . WHEREAS , the Department has authority pursuant to Florida law to disburse the funds under this Agreement. NOW, THEREFORE , the Department and the Recipient do mutually agree as follows : ( 1 ) SCOPE OF WORK The Recipient shall fully perform the obligations in accordance with the Financial Compensation Requirements , Attachment A of this Agreement, and the Scope of Work and Schedule of Payments , Attachment B of this Agreement. (2 ) INCORPORATION OF LAWS , RULES , REGULATIONS AND POLICIES Both the Recipient and the Department shall be governed by applicable State and Federal laws , rules and regulations , including but not limited to those identified in EXIBIT- 1 and Attachment B . ( 3 ) PERIOD OF AGREEMENT This Agreement shall begin upon execution by both parties or July 1 , 2005 , whichever is later, and shall end June 30 , 2006 , unless terminated earlier in accordance with the provisions of Paragraph ( 12 ) of this Agreement. (4) MODIFICATION OF CONTRACT Either party may request modification of the provisions of this Agreement. Changes which are mutually agreed upon shall be valid only when reduced to writing , duly signed by each of the parties hereto , and attached to the original of this Agreement. ( 5 ) RECORDKEEPING (a) The Recipient shall retain sufficient records demonstrating its compliance with the terms of this Agreement, and the compliance of all subcontractors or consultants to be paid from funds provided under this Agreement, for a period of five years from the date the audit report is issued , and shall allow the Department or its designee , Comptroller, or Auditor General access to such records upon request. The Recipient shall ensure that audit working papers are made available to the Department or its designee , Comptroller, or Auditor General upon request for a period of five years from the date the audit report is issued , unless extended in writing by the Department, with the following exceptions :