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Whereas, the Application of the Recipient identified on the cover page of this <br />Funding Agreement was received, evaluated, and approved by the Agency and thereby <br />made a part of this Agreement to be referenced as applicable; and <br /> <br /> Whereas, the Agency has developed Program Guidelines (the "Guidelines") dated <br />July, 1997 governing the execution of the Program by the Recipient and their relationship <br />to this Agreement is made explicit in section 9 of this Agreement; <br /> <br /> Now, Therefore, in consideration of the payment of ten dollars ($10.00) by the <br />Recipient to the Agency, the exchange of the mutual promises set forth herein and other <br />good and valuable consideration the Recipient and the Agency mutually agree as follows: <br /> <br />PART A: TIME OF PERFORMANCE <br /> <br />Section 1: Time of Performance <br /> <br /> (a) The Recipient shall begin performance of this Agreement on the 15th day of <br />September, 1997 and shall complete performance no later than the 15th day of March, <br />1999 (date of completion). Any funds that are not committed under contract (pursuant to <br />section 3.1 of the Program Guidelines) to a Program participant as of the completion date <br />must be withdrawn from deposit and returned to the Agency, unless the Agency agrees in <br />writing to an extension of this Agreement. <br /> <br /> (b) The Recivient must make reasonable progress in the use of funds under this <br />Agreement. Failure to do so may result, at the discretion of the Agency, in a reduction of <br />the amount of funds available under this Agreement. <br /> <br />F:XPRIVATEkHOPD\LIR P~UR P07XFIJN DING.AGE <br /> <br />Page 2 of 7 <br /> <br /> <br />