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GRANT AGREEMENT <br /> <br />Recipients must use the grant document ("Grant Agreement") provided by <br />the Agency in the Forms section of this Administrator's Manual (the <br />"Manual"). <br />Program funds may be paid from the Recipient's account only after the ~ <br />following: <br />1) a Grant Agreement has been executed with the property owner on the <br /> <br />2) <br /> <br />form provided by the Agency; <br />a construction contract has been executed by the property owner and <br />the contractor that is undertaking the work, whether this contractor <br />is an independent tim, an affiliated firm or the Recipient. <br /> <br />No new Grant Agreements obligating P~m..fm!....d~... m~y b~exeeuted ~r <br />the date of completion. Grant Agreement executed prior to the date of <br />completion may be mended after that date by no more than 1~% of the <br />original amount in order to accommodate necessary changes to the scope of <br />work (change orders)~ <br />Recipients must ~ and retain in individual eases f'des, the following <br />documents in completing grants under the Program: <br />1) Grant agreement <br /> <br />2) Recipients are responsible for having signatures nots ,rized. <br />With Agency approval, Grants may be assumed by new owners if the <br /> <br />transaction is deemed to have no negative impact on Program goal~ <br />However, the recipient must certify that the new owner-occupant is <br />Program-eligible and complete a new Grant Agreement with the new owners <br />in which the recapture period ia reduced to the remainder of the original <br />owner's term. <br />Reeipients must have the following documents properly prepared' prior to <br />executing a Grant Agreement with a homeowner: <br />1) Application and Eligibility Certification <br /> <br />2) Work W .ri. te-U.p and Cost Estimate; and <br />3) Construction Contract <br /> <br /> <br />