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EXHIBIT F <br /> PROPERTY MANAGEMENT STANDARDS <br /> 1. This attachment prescribes uniform standards governing the utilization and disposition of <br /> property furnished by the Federal government or acquired in whole or in part with Federal funds <br /> by State and local governments. Federal grantor agencies shall require State and local <br /> overnments to observe these standards under grants from the Federal Government and shall not <br /> impose additional requirements unless specifically required by Federal law. The grantees shall <br /> be 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 /> • <br /> b. Personal Property. Personal property means property of any kind except real property. <br /> It 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 $300 or <br /> more per unit. A grantee may use its own definition of nonexpendable personal property <br /> provided that such definition would at least include all tangible personal property as defined <br /> 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 needs. <br /> 3. Each Federal grantor agency is required to prescribe requirements for grantees concering <br /> the use of real property funded partly or wholly by the Federal Government. Accordingly, the <br /> following requirements apply to Contractor. <br /> a. Contractor shall use the real property for the authorized purpose of the original <br /> • grant as needed. <br /> b. Contractor shall obtain approval by the City for the use of the real property in <br /> other projects when the City determines that the property is no longer needed for the original <br /> Exhibit F Page 1 of 4 <br />