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AG 2010 10 18
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AG 2010 10 18
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Last modified
11/15/2011 8:59:39 AM
Creation date
11/27/2017 11:23:37 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/14/2010
Board
Board of Commissioners
Meeting Type
Regular
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3. Funds provided hereunder are exclusive i ene shall temporarily ag shift such funds <br />conditions of the agreement, and Ag <br />to other programs or utilize for other purposes for any reason. <br />H. tNSURANCI; AND LIABiLITYo <br />The Agency's chief financial offica�ocoveredrby�fldelity Insurance ltn persons an amount consistent with sou d <br />disbursed under this Agreement e <br />fiscal practice. <br />Work to be performed as provided herein shall be done by the Agency as an Independent Contractor. <br />The City shall not be liable for claims for damages or losses arising out of the performance of this <br />Agreement by the Agency, its employees, officers or agents and the Agency shall indemnify and hold <br />harmless the City, its officers, agents and employees from all such claims arising under this agreement. <br />R ESIDENT i+CONOMIC OPPORTUNITY <br />1. <br />2. <br />The Agency shall uniterf project area are given <br />maximum opport traini g, employment and business opportunities. y for <br />When qualified applicants are available, preference shall be given to residents of the project area in <br />filling all training, business opportunities and jobs generated by the Program even where <br />employment results outside the geographic boundary of the project area. <br />P BLICI c <br />The Agency shall make every effort in its publicity and in other ways, to fully Inform the public concerning <br />the Project. Any publicity given to the Project must recognize the Cabarrus /iredell /Rowan HOME <br />Consortium as the sponsor and the Project being funded by HUD through the HOME Investment <br />Partnership Program. The City will, in all publicity originated by it concerning the Project, recognize the <br />Agency as the entity responsible for carrying out the Project. <br />K. SUSPE NSION OR TERMINATION FOR CAUS <br />1, The City, upon written notice to th cause which shall inciude� but of limited to, the following: <br />(a) to <br />the Agency in whole or in part for <br />(a) ineffective or improper use of Grant funds; <br />(b) Failure to comply with the terms and conditions of this agreement; <br />(c) Submission to the City of reports which are incorrect or incomplete in any material <br />respect; <br />(d) Suspension of the Grant from HUD to the City in whole or part for any reason. <br />2. The City, upon written notice to the Agency, may also withhold payment of any unearned portion of <br />the Grant if law, Ag ency executive unab or <br />by regulations ons or by other olicy announced l by HUD. <br />may be <br />provided by la y <br />3. if the City withholds payment, it shall advise the Agency in writing what action must be taken as a <br />condition of precedent to the resumption of payment. <br />Attachment number 2 <br />F_7 Page 133 <br />
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