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" ()RIC, YO comm,,,, -I GRANT CLOSEOUT AGREEMENT For Neighborhood Stabilization Program (NSP 1) Between Florida Department of Economic Opportunity (DEO) And Indian River County 1801 27th Street Vero Beach, Florida 32960 ME COPY ,ER'sIFICATION ON LAST PAGE R SMITH, CLERK 1 i tO t4 lab j `j 2.01 -, 7 THIS AGREEMENT sets forth the terms for final disposition and conditions associated with the closeout of Florida's Neighborhood Stabilization Program (NSP1), Grant 10DB-4X-10-40-01-F13 provided pursuant to the original grant agreement dated September 11, 2009, along with modification #1 dated June 30, 2010, modification #2 dated February 28, 2011, modification #3 dated June 29, 2011, modification #4 dated August 27, 2012, modification #5 dated January 16, 2013, modification #6 dated march 4, 2013, modification #7 dated July 3, 2013, modification #8 dated December 23, 2013, modification #9 dated June 18, 2014 and modification #10 dated July 29, 2014. The County certifies that to the best of its knowledge: • All activities as authorized by the subgrantees application, contract and any applicable amendments have been completed as described in the subgrantees final Monthly Status Report (MSR) in e-CDBG. • No fraud, waste or mismanagement has occurred in carrying out the grant. If fraud, waste or mismanagement has occurred, appropriate action has been taken to address it. NSP subgrantees were statutorily required to use not less than 25 percent of the NSP grant (initially allocation plus program income) to house individuals or families whose incomes do not exceed 50 percent of area median income. • The County has expended and met a national objective with an amount equal to or greater than the total set-aside requirement for program income and the original grant, and DEO acknowledges that the grantee has met the 25 percent set aside requirement. Further, the County hereby acknowledges the remaining obligation(s) under the terms of the grant agreement and agrees as follows: • All of the applicable NSP regulations will apply to program income generated unless otherwise stated in the Notice of Neighborhood Stabilization Program; Closeout Requirement and Recapture (Federal Register Vol. 77, No. 228, pp 70799-70805, November 27, 2012). • All records and documents pertaining to this grant will be maintained for a period of 6 years after execution of this closeout agreement. All records related to the affordability of a project must be maintained for 6 years after the affordability period comes to an end. Additionally, all Page 1 of 2