2013-120 - Laserfiche WebLink

Home Browse Search

Developer' s obligation to Grantee shall not end until the US Department of Housing and Urban Development completes all close-out requirements for the NSP3 grant . Activities during this close-out period shall include, but are not limited to : making final payments; disposing of program assets ( including the return of all unused materials, equipment, unspent cash advances, and accounts receivable to the Grantee) and determining the custodianship of records. The terms of this Agreement, however, shall remain in effect during any period that Developer has control over NSP3 funds, including program income . 6 . Audits & Inspections All Developer records with respect to any matters covered by this Agreement shall be made available to Grantee, Grantee agency, HUD, and the Comptroller General of the United States or any of their authorized representatives, at any time during normal business hours, as often as deemed necessary, to audit, examine, and make excerpts or transcripts of all relevant data . Any deficiencies noted in audit reports must be fully cleared by Developer within 30 days after receipt by Developer. Failure of Developer to comply with the above audit requirements will constitute a violation of this contract and may result in the withholding of future payments or termination of this agreement . C. Reporting and Payment Procedures 1 . Indirect Costs Direct and indirect costs of staff cannot be charged by Developer. Developer will be reimbursed for internal costs through a developer fee as specified in this Agreement. 2 . Payment Procedures Grantee will pay to Developer funds available under this Agreement based upon information submitted by Developer and consistent with any approved budget and Grantee policy concerning payments. Payments will be made for eligible NSP3 related expenses actually incurred by Developer, and will not exceed actual cash requirements. Payments will be adjusted by Grantee in accordance with advance fund and program income balances available in Developer accounts. In addition, Grantee reserves the right to liquidate funds available under this contract for costs incurred by Grantee on behalf of Developer. HUD, through the Disaster Recovery Grant Reporting ( DRGR) system, generally provides access to grant funds within 3 working days of an electronically submitted request by Grantee . To ensure expeditious implementation of activities, Grantee agrees to draw funds from the line of credit and make payment to Developer within 10 working days of receipt of Developer' s complete and properly submitted requests for payment for activities under this agreement, if feasible . Developer agrees to submit requests for payment in a timely manner in the form and at the times directed by Grantee . 16 Page Amended and Re- stated NSP3 Developer Agreement : July 2, 2013 r _ _