AG 2002 05 20 (Regular) - Laserfiche WebLink

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Ho The Agency shall not commingle accounts to an extent that prevents the accounting and auditing of the funds Provided hereunder: provided, however, the Agency may supplement the funds provided hereunder from other fundsources. o Funds provided hereunder are exclusively for the purposes of this agreement under the terms and conditions of the agreement, and the Agency shall not temporarily or permanently shift such funds to other programs or utilize for other purposes for any reason. RESIDENT ECONOMIC OPPORTUNITY: The Agency shall take affirmative action to ensure that residents of the project area are given maximum opportunity for training, employment and business opportunities. When qualified applicants are available, preference shall be given to residents of the project area in filling all training, business opportunities and jobs generated by the Program even where employment results outside the geographic boundary of the project area. PUBLICITY: The Agency shall make every ~ffort in its publicity and in other ways, to fully inform the public concerning the Project. Any publicity given to the Project must recognize the Cabarrus/Iredell/Rowan HOME Consortium as the sponsor and the Project being funded by HUD through the HOME Investment partnership Program. The City will, in all publicity originated by it- concerning the Project, recognize the Agency as the entity responsible for carrying out the Project. SUSPENSION OR TERMINATION FOR CAUSE: The City, upon written notice to the Agency, may suspend or terminate payment of Grant funds to the Agency in whole or in part for cause which shall include, but not limited to, the following: (a) (b) (c) (d) Ineffective or improper Use of Grant funds; Failure to comply with the terms and conditions of this agreement; Submission to the City of reports which are incorrect or incomplete in any material respect; Suspension of the Grant from HUD to the City in whole or part for any reason.