AG 2007 11 19 - Laserfiche WebLink

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14. Oblieation of Recipient With Reeard to Vacant Units. The recipient shall ensure that all vacant units being rehabilitated will be occupied by a low or moderate income person by the time close-out occurs. 15. Utiliri Assessments or Fees: Assessments or fees to recover the CDBG funded portion of a utilityproject may be charged to properties not owned and occupied by low and moderate income persons. Such assessments are program income and, as such, must be used for eligible CDBG activities that meet a CDBG national objective. 16. Schedules (a) Schedule for elease of Conditions and Com letion Activities. The recipient must satisfy all Funding Approval Conditions to release CDBG funds within 3 months (January 2, 2008) from the date the Grant Agreement and Funding Approval were signed by the DCA Director. The recipient must draw down all CDBG funds, expend all local non-CDBG funds and complete all project activities in conformance with the activities implementation schedule in the application as modified by the Performance Based Contract. The recipient must obligate all funds within 27 months (January 2, 2010) from the date the Grant Agreement and Funding Approval are signed by DCA Director. All llmda era to be expended within 30 months (April 1, 2010) from the date the Grant Agreement and Funding Approval are signed by DCA Director. Any remaining funds will be de- obligated. All closeout documents must be returned to DGA by (July 1, 2010). Any request for extensions or amendments must be submitted no later than the 28th month (February 1, 2010) from the date the Grant Agreement and Funding Approval were signed by the DCA Director. Consistent with Section .1104 of the program regulations (4NCAC 19L), based on review of the recipient's performance for conformance with the approved application and approved performance schedules, the Secretary of Commerce may withdraw the grant, except for funds already expended. (b) Schedule for S>+tbmission of Compliance Docutnents. The recipient must submit the following compliance documents within the specified number of months from the date the Grant Agreement and the Funding Approval were signed by the DCA Director; • Environmental - 3 months (January 2, 2008) • Equal Employment and Procurement Plan - 4 months (February 1, 2008) • Fair Housing - 4 months (February 1, 2008) • Section3 Plan-4 months (February 1, 2008) • Section~S04 Plan-4 months (February 1, 2008) • RequesC for Release ofFunds - 5 months (March 1, 2008) • Analysis of Impediments - 6 months (April 1, 2008) (c) Schedule for Drawdown of Funds• The recipient must comply with the following schedule to ensure that funds are drawn down in accordance with section 16 (a) of this Grant Agreement: • 15`Period- 6 months (April 1, 2008) 20% drawn down ($80,000) • 2oa Period - 12 months (September 30, 2008) 40% drawn down ($160,000) ° 3`a Period -18 months (April 1, 2009) 60 % drawn down ($240,000) • 4`h Period - 24 months (September 30, 2009) 80% drawn down ($320,000) • 5`h Period - 30 months (April I, 2010) 100% drawn down and expended ($400,000) 4 ~ ~'I