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���wf wrpF <br />U.S. Department of Housing and Urban Development <br />Community Planning and Development <br />a <br />`�B'SH nr.i ESC¢ <br />• All records and documents. pertaining to this grant will be maintained for a period of 4 <br />years after execution of this closeout agreement, or 5 years after the completion of a project <br />whichever may be longer. Additionally, all records related to the affordability of a project <br />must be maintained for 5 years after the affordability period comes to an end. <br />• For grantees with ongoing CDBG grants, any real property within the Indian River <br />County's control which was acquired or improved in whole or part using NSP funds in <br />excess of $25,000 is governed by the principles described in 24 CFR 570.505. <br />• If any rehabilitated property falls within a flood plain, flood insurance coverage must be <br />maintained for the mandatory period for affected property owners. <br />HUD maintains the right to conduct future monitoring of this grant, either on site or by review of <br />information or copies of documents requested from the Indian River County. The Indian River <br />County acknowledges that a finding of noncompliance resulting from such a review and failure to <br />take appropriate corrective action satisfactory to HUD may be taken into account by HUD as <br />evidence of unsatisfactory performance, in consideration of future grant awards. Further the <br />Indian River County may be required to repay HUD any disallowed costs based on the review <br />results of a future audit or monitoring. <br />For the Indian River County: <br />Stan Bolin Orector <br />Date <br />12 1.711& <br />For the Departme Housing and Urban Development: <br />�— November 8, 2016 <br />jqr, Gary Causey, CPD Director <br />Page 2 <br />Date <br />P41 <br />