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Agmt 2016 CDBG-CALICO 3045 (2)
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Agmt 2016 CDBG-CALICO 3045 (2)
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Last modified
4/26/2017 4:09:12 PM
Creation date
10/10/2016 5:11:41 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
7/1/2016
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PERM
Document Relationships
_CC Agenda 2016 0620 CS + RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0620
8J Consent 2016 0620
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0620
Reso 2016-086
(Approved by)
Path:
\City Clerk\City Council\Resolutions\2016
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or self-insured retentions as respects the City, its officers, employees, and volunteers; or the Subrecipient shall provide <br />a financial guarantee satisfactory to the City guaranteeing payment of losses and related investigations, claim <br />administration and defense expenses. <br />6.5.4 Wasting Policies. No policy required by this Section 6 shall include a "wasting" policy limit (i.e. limit <br />that is eroded by the cost of defense). <br />6.5.5 Endorsement Requirements. Each insurance policy required by Section 6 shall be endorsed to state <br />that coverage shall not be canceled by either party, except after 30 days' prior written notice has been provided to the <br />City. <br />6.5.6 Subcontractors. Subrecipient shall include all subcontractors as insureds under its policies or shall <br />furnish separate certificates and certified endorsements for each subcontractor. All coverages for subcontractors <br />shall be subject to all of the requirements stated herein. <br />6.6 Remedies. In addition to any other remedies City may have if Subrecipient fails to provide or maintain <br />any insurance policies or policy endorsements to the extent and within the time herein required, City may, at its sole <br />option exercise any of the following remedies, which are alternatives to other remedies City may have and are not the <br />exclusive remedy for Subrecipient's breach: <br />a. Obtain such insurance and deduct and retain the amount of the premiums for such insurance <br />from any sums due under the Agreement; <br />b. Order Subrecipient to stop work under this Agreement or withhold any payment that becomes <br />due to Subrecipient hereunder, or both stop work and withhold any payment, until Subrecipient demonstrates <br />compliance with the requirements hereof; and/or <br />C. Terminate this Agreement. <br />7.0 ADMINISTRATIVE REQUIREMENTS <br />7.1 Financial Management. <br />a. Accounting Standards. The Subrecipient agrees to comply with 24 CFR Part 84 and agrees <br />to adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain <br />necessary source documentation for all costs incurred. <br />b. Cost Principles. The Subrecipient shall administer its program in conformance with OMB <br />Circulars A-122, "Cost Principles for Non -Profit Organizations," or A-21, "Cost Principles for Educational Institutions," <br />as applicable for all costs incurred whether charged on a direct or indirect basis. <br />7.2 Documentation and Record -Keeping <br />a. Records to be Maintained. The Subrecipient shall maintain all records required by the Federal <br />regulations specific in 24 CFR Part 570.506, and that are pertinent to the activities to be funded under this Agreement. <br />Such records shall include but not be limited to: <br />(1) Records providing a full description of each activity undertaken; <br />(2) Records demonstrating that each activity undertaken meets one of the National <br />Objectives of the CDBG program set forth in 24 CFR 570.208; <br />(3) Records required determining the eligibility of activities; <br />(4) Records required to document the acquisition, improvement, use or disposition of real <br />property acquired or improved with CDBG assistance; <br />(5) Records documenting compliance with the fair housing and equal opportunity <br />components of the CDBG program; <br />(6) Financial records as required by 24 CFR Part 570.502, and Part 84; and <br />(7) Other records necessary to document compliance with Subpart K of 24 CFR 570. <br />-9- <br />CDBG Agreement with CALICO FY 16-17 <br />
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