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p�tv.r.Hro„H <br />U.S. Department of Housing and Urban Development <br />Community Planning and Development <br />1BjhvO <br />GRANT CLOSEOUT AGREEMENT <br />For <br />Neighborhood Stabilization Program 3 <br />Between <br />U.S. Department of Housing & Urban Development <br />400 West Bay Street, Suite 1015, Jacksonville, FL 32202 <br />AND <br />Indian River County, Florida <br />180127th Street, Vero Beach, FL 32960 <br />This agreement sets forth the terms for final disposition and conditions associated with the <br />closeout of HUD Neighborhood Stabilization Program 3 Grant #B -11 -UN -12-0022 provided <br />pursuant to the grant agreement dated March 10, 2011, and any applicable amendments. The <br />Indian River County certifies that to the best of its knowledge: <br />• All activities as authorized by the grantee's action plan or NSP2 NOFA application and any <br />applicable amendments have been completed as described in the grantee's final Quarterly <br />Performance Report (QPR) in the Disaster Recovery Grant Reporting (DRGR) system <br />dated November 7, 2016. <br />• No fraud, waste or mismanagement has occurred in carrying out the grant. If fraud, waste <br />or mismanagement has occurred, appropriate action has been taken to address it. <br />NSP grantees were statutorily required to use not less than 25 percent of the NSP grant (initial <br />allocation plus program income) to house individuals or families whose incomes do not exceed 50 <br />percent of area median income. <br />• Indian River County has expended and met a national objective with an amount equal to or <br />greater than the total set-aside requirement for program income and the original grant, and <br />HUD acknowledges that the grantee has met the 25 percent set aside requirement. <br />Further, the Indian River County hereby acknowledges the remaining obligation(s) under the terms <br />of the grant agreement and agrees as follows: <br />• All of the applicable NSP regulations will apply to program income generated unless <br />otherwise stated in the Notice of Neighborhood Stabilization Program Closeout <br />Requirements and Recapture published on November 27, 2012 at 77 F.R. 70799. <br />Page 1 <br />P40 <br />