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t- <br /> corrective action is not taken by Developer within a reasonable period of time after being <br /> notified by Grantee, contract suspension or termination procedures will be initiated . Developer <br /> agrees to provide HUD, the HUD Office of Inspector General , the General Accounting Office, <br /> Grantee, or Grantee ' s internal auditor( s ) access to all records related to performance of <br /> activities in this agreement . <br /> F . Progress Reports and Other Reports <br /> Developer hereby agrees to provide in a timely manner a. 11 necessary progress reports <br /> and other reports required by Grantee on forms to be provided by Grantee . <br /> II . TIME OF PERFORMANCE <br /> A . Start and Completion Dates <br /> Services of Developer shall start upon execution of this agreement by Indian River <br /> County and Developer and end on the 31St day of December 2012 with all NSP3 funds allocated <br /> having been expended , unless Grantee at its sole discretion approves a later completion date . <br /> Developer must obligate at least half of that amount by the 30th day of June , 2012 . <br /> Notwithstanding the foregoing, with respect to additional activities and funding, the <br /> term of this agreement` will automatically be extended to the 31St day of December, 2013 , if <br /> Grantee allocates additional funds to Developer for the activities described herein , or causes <br /> another entity ( such as a nonprofit housing fund ) to allocate additional funds . As a condition of <br /> Developer receiving such additional allocation of funds, Developer and staff of Grantee must <br /> jointly create and agree to a new Exhibit A, Homes Sales Activities and Detailed Budget, <br /> describing the additional activities, schedule and costs . <br /> The term of this Agreement and the provisions herein shall be extended to cover any <br /> additional time period during which Developer is responsible for NSP3 reporting or compliance <br /> measures or remains in control of NSP3 funds or other NSP3 assets . <br /> III . BUDGET <br /> A . Program Budget <br /> The total amount of NSP3 funding allocated to Developer is $ 1 , 350 , 3862, '-;This amount <br /> represents an allocation of the Grantee ' s total NSP3 funding contingent upon Developer' s <br /> performance . <br /> Be Additional Budget Details <br /> A detailed project budget and cash flow projections are included in Exhibit A . In <br /> addition , Grantee may require more detailed or different budget breakdowns than the one <br /> 71' ag <br />