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VII. PAYMENT OF CDBG-CV FUNDS TO SUBRECIPIENT: The CITY agrees to fund the Program <br /> in the total amount not to exceed Five hundred eleven thousand eight hundred and ten <br /> dollars ($511,810). Such funds shall be paid to the SUB-RECIPIENT according to the <br /> schedule in Appendix B.The CITY and the Sub-recipient CANNOT disperse any grant funds <br /> until the Environmental Review is complete, and this Agreement has been executed by <br /> both parties (24 CFR Sect. 570.503 (a)). The Environmental Review shall be completed by <br /> the City and shall be executed in a timely manner. <br /> • The SUB-RECIPIENT understands that this Agreement is for a CDBG-CV Relief and <br /> the payments shall be made per the schedule in Appendix C. <br /> • The SUB-RECIPIENT understands that disbursement will be contingent upon the <br /> SUB-RECIPIENT ensuring compliance with any applicable federal, state, and CITY <br /> requirements. <br /> • No disbursement will be made by the CITY unless all required reports (including <br /> beneficiary, performance, financial, and narrative reports, and source documents <br /> for CDBG-CV funded expenditures) have been submitted and approved by the CITY <br /> staff. Payment may be withheld pending receipt and approval of all required <br /> documentation. <br /> VIII. SUSPENSION OR TERMINATION: <br /> • Suspension or Termination for Cause by CITY: The SUB-RECIPIENT understands <br /> and agrees that if SUB-RECIPIENT materially fails to comply with any or all <br /> provisions of this Agreement, the City may in its sole discretion suspend or <br /> terminate this Agreement. <br /> 1. Material non-compliance includes, but is not limited to, the following: <br /> a. Failure to comply with any of the rules, regulations, or provisions <br /> referred to herein, or such statutes, regulations, executive <br /> orders,and HUD guidelines, policies,or directives as may become <br /> applicable at any time; <br /> b. Failure, for any reason, of the SUB-RECIPIENT to fulfill in a timely <br /> and proper manner its obligations under this Agreement; <br /> c. Ineffective or improper use of funds provided under this <br /> Agreement; or <br /> d. Submission of reports by the SUB-RECIPIENT to the CITY which <br /> are late, or incorrect or incomplete in any material respect. <br /> 2. As a result of material non-compliance, the CITY may take one or more <br /> of the following actions: <br /> a. Temporarily withhold cash payments pending correction of the <br /> deficiency by the SUB-RECIPIENT. More severe enforcement <br /> action may be undertaken by the CITY if the deficiency is not <br /> corrected; <br /> 4 <br />