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FAILMERS ItOME ADMINISTRATION ASSOCIATION WATER OR sEWER sYsTEM GRANT AGREEMENT Tills AGREEMENT dacca ................ ~.~_~.~_~._.~2 ............................... , 19 -~.~.-, b~we ......................................... · ~ cou~ o~ ca~s a public corporation organized and operating under N.C. General Statutes L't uthorizing StUzuteJ herein callqd ~Grantee," ami the United States of America acting through the Farmers Home Administration, Department 0f Agrlculmre, herein called "Grantor," WlTNESSETH: W~EREAS Grantee has determined to under[akea projec~ of acquisition, construction, enlargement, or capital improvement of a authorized the tmder[aking of such project. Grantee is able ro ~nance not more than S .................................. 9~63~,000.00 of the developmen[ costs tltrough revenues, charges. faxes or assessments, or funds othe~Jse available to Grantee resulting in a reasonable user charge. ~[d developn?nt costs, whichever is the lesser, subject to the terms and conditions established by the Grantor. Provided,. however, that d~e proportionate share of any ~ant fimds actually advanced and not needed for grant purposes shall be turned immediately to t~e Grantor. The Grantor may terminate ~}le ~alt~ in whole, or in parr, at any time before the dale completion, whenever it is detem~ined that the Grantee has failed to comply s~th the conditions of d~e granL NOW, THEREFOr, In consideration of s~d ~an[ By Grantor to Gr~ltee, to be made pursuant to Section 306 (a) thc Co,,s01ida~ed Farm and Rural Development Act for tl~e purpose only of defraying a part not to exceed ...~.:_~ .......... percent of the development costs, as defined by applicable Famers Home Adlninis~ration instructions. GRANTEE AGREES TItAT GRANTEE WILL: A. Cause said project to be constructed wid~in the total sums available to it, including said grant, in accordance ~th the project plans and specifications and any modifications thereof prepared by Grantee and approved by Grantor. B. Per t per od c aspect on of t e co structioI by a representative of Grantor during construction. C. Manage, operate and maintain the ~y*tem, including th~ project if less than tl~e whole of said system, continuously in D. Make the $e~.ices of said syitem available within its capac ~' to Mi persons in Grantee's semite a[ea without discrimination as to race, color, religion, sex, national origin, age, marital status, or physical or mental handicap (possess capacity to enter into legal contract for se~ices) at re~onable charges, Ncluding a~sessments, taxes, or fees in accordance ~qth a schedule of $~dl ehar~es w et er for one or n ore classes of senqce adopted by resolution date 19 as may be modified from time to time by Gr~tee. The initi~ rate schedule must be approved by Grantor. There- al'ret, Grantee may make such ~nodification$ to the rate system as long as the.rate scbedule remains reasonable and nondiscriminatory.