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EXHIBIT F <br /> PROPERTY MANAGEMENT STANDARDS <br /> I. 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 <br /> funds by State and local governments. Federal grantor agencies shall require State and <br /> local governments to observe these standards under grants from the Federal Government <br /> and shall not impose additional requirements unless specifically required by Federal law. <br /> The grantees shall be authorized to use their own property management standards and <br /> procedures as long as the 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 <br /> property. It may be tangible -- having physical existence, or intangible -- having no <br /> physical existence, such as patents, inventions, and copyrights. <br /> C. Nonexpendable personal property. Nonexpendable personal property means <br /> tangible personal property having a useful life of more than one year and an <br /> acquisition cost of$300 or more per unit. A grantee may use its own definition of <br /> nonexpendable personal property provided that such definition would at least <br /> include all tangible personal property 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 <br /> its needs. <br /> 3. Each Federal grantor agency is required to prescribe requirements for grantees concerning <br /> the use of real property funded partly or wholly by the Federal Government. Accordingly, <br /> the 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 <br /> Exhibit F—DCARA page 1 of 5 <br /> July 15,2002 <br /> G:\Community Development\CDBG\DCARA\2002-03 <br />