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GRANT CLOSEOUT AGREEMENT
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Neighborhood Stabilization Program (NSP 1)
Between
Florida Department of Economic Opportunity(DEO)
And
Indian River County
180127 th Street
Vero Beach, Florida 32960
THIS AGREEMENT sets forth the terms for final disposition and conditions associated with the closeout
of Florida's Neighborhood Stabilization Program (NSP1), Grant 10D13-U-10-40-01413 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, modificat on#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 lated
June 18, 2014 and modification#10 dated July 29, 2014. The County certifies that to the best o 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 a-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 gr nt
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. Additio ally, all
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records relating to any land banked properties must be maintained for 6 years after disposal of
the land banked properties.
• For grantees with ongoing CDBG grants, any real property within the County's control which was
acquired or improved in whole or part using NSP funds in excess of$25,000 is governed by the
principles described in 24 CFR 570.505.
• If any rehabilitated property falls within a flood plain, flood insurance coverage must b
maintained for the continued affordability period for affected property owners.
• Identify below any contingent liabilities subject to payment after the closeout agreeme it is
signed: none
• A total of$0.00 in grant funds has been previously canceled and returned to DEO.
• Indian River County acknowledges the requirement to report program income annually to
DEO/CDBG and will do so by January 31St for the previous calendar year.
DEO maintains the right to conduct future monitoring of this grant, either on site or by review of
information or copies of documents requested from the County. The County acknowledges that a
finding of noncompliance resulting from such a review and failure to take appropriate corrective action
satisfactory to DEO may be taken into account by DEO as evidence of unsatisfactory performance, in
consideration of future grant awards. Further, the County may be required to repay DEO any disallowed
costs based on the review results of a future audit or monitoring.
IN RIVER COUNTY r CQAIMIS•.,,
tt; z*
BY: Peter D. O'Bryan, Chairman _
AFIR ROVED AS TO F( RM
SI ItF1
DATED: November 4, 2014 '•�'9y. 'o�� /
•� ER COUt1 "Cl'r � �.... '
WILLI , K.DEGRAAL-
0Et UTYCOUNTYA.TTURr,6
FLORIDA DEPARTMENT OF ECONOMIC OPPORTUNITY
Bob Dennis
Bureau Chief, Community Revitalization
DATED:
Note: Submit 2 originals to DEO for signature. DEO will return 1 original to Sub-grantee.
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