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EXHIBIT D <br />PROPERTY MANAGEMENT STANDARDS <br />This attachment prescribes uniform standards governing the utilization and disposition of property <br />furnished by the Federal government or acquired in whole or in part with Federal funds by State <br />and local governments. Federal grantor agencies shall require State and local governments to <br />observe these standards under grants from the Federal Government and shall not impose <br />additional requirements unless specifically required by Federal law. The grantees shall be <br />authorized to use their own property management standards and procedures as long as the <br />provisions of this attachment are included. <br />2. The following definitions apply for the purpose of this attachment. <br />a. Real Property. Real property means land, land improvements, structures and <br />appurtenances thereto, excluding moveable machinery and equipment. <br />b. Personal Property. Personal property means property of any kind except real property. It <br />may be tangible -having physical existence, or intangible -- having no physical existence, <br />such as patents, inventions, and copyrights. <br />c. Nonexpendable. personal property. Nonexpendable personal property means tangible <br />personal property having a useful life of more than one year and an acquisition cost of <br />$300 or more per unit. A grantee may use its own definition of nonexpendable personal <br />property provided that such definition would at least include all tangible personal property <br />as defined above. <br />d. Expendable personal property. Expendable personal property refers to all tangible <br />personal property other than nonexpendable property. <br />e. Excess property. Excess property means property under the control of any Federal <br />grantor agency which, as determined by the head thereof, is no longer required for its <br />needs. <br />3. Each Federal grantor agency is required to prescribe requirements for grantees concerning the use <br />of real property funded partly or wholly by the Federal Government. Accordingly, the following <br />requirements apply to Developer. <br />Developer shall use the real property for the authorized purpose of the original grant as <br />needed. <br />b. Developer shall obtain approval by the City for the use of the real property in other projects <br />when the City determines that the property is no longer needed for the original grant <br />purposes. Use in other projects shall be limited to those under other Federal grant <br />programs, or programs that have purposes consistent with those authorized for support by <br />the City. <br />