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terms of this Contract. 6. Contract Period. The Fund's commitment to disburse Grant funds under this Grant Contract shall cease on the Reimbursement Date. It is the responsibility of the Grant Recipient to ensure that the Project is completed by the Expiration Date and that all costs to be reimbursed have been submitted to the Fund by the Reimbursement Date. After the Expiration Date, any Grant monies remaining under this Grant contract no longer will be available to the Grant Recipient except to pay proper invoices for budgeted costs incurred by the Expiration Date. The burden is on the Grant Recipient to request an extension of the Grant Contract if the Grant Recipient anticipates that the Project will not be completed by the Expiration Date. The request for an extension must be made in a writing addressed to the Fund, explaining why an extension is needed and proposing a new expiration date for the Grant Contract. This written request must reach the Fund's office at least 60 days before the Expiration Date. The Fund may or may not approve the extension, based on Project performance and other factors. The Fund is not responsible for notifying the Grant Recipient of an approaching Expiration Date. 7. Permanent Protections on Properties of the Project Site. a. Projects for Which Property Protections are Required Real property on which CWMTF funds are to be used for construction must be protected permanently by legal instruments conforming to NCGS Chapter 121, Article 4, and NCGS Chapter 113A, Article 18. The Grant Recipient shall so restrict, or cause to be restricted, uses of and activities on such real property by way of one or more permanent conservation agreements or by other instruments of property interest approved in writing by the Fund. Such instruments of property interest must encumber real property essential to the Project, including necessary easements and rights of way. Real property essential to the Project, including necessary easements and rights of way, hereinafter is collectively referred to as the "Project Site," being the properties given in Schedule of Property Interest to be Acquired in Exhibit A. b. Requirements for Instruments of Property Interest Property interests acquired for the Project shall provide or conform to the following: (i) Property interests shall assure undisturbed use and possession of the properties of the Project Site for the purpose of construction and operation of the Project and include other such restrictions as the Fund deems necessary and satisfactory, in its sole discretion. (ii) Property interests shall be permanent. (iii) Property interests shall be approved as to form and content by the Fund in writing. C. Requirements for Holding of f Property Interest Property interests acquired for the Project shall be held by a party satisfactory to the Fund, such party being identified as holder (as defined in NCGS Chapter 121, Article 4) in Exhibit A. If a holder of property interests acquired for this Project is not named in Exhibit A, or if the party named as holder in Exhibit A does not accept the role and responsibility of holder, the Grant Recipient shall name a party to serve as holder, subject to approval in writing by the Fund. d. Recordation of Instruments of Property Interest The Grant Recipient shall provide to the Fund a copy of instruments creating property interest obtained and recorded in Cabarrus Soil and Water Conservation District CWMTF 2010 -703; Cox Mill School Stormwater BMPs AO" number 1 F -7