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financial support of the program or services of the SUBRECIPIENT. by the CITY beyond the <br /> specific period of this Agreement. <br /> VI. INELIGIBLE PROGRAM COSTS: The SUBRECIPIENT agrees that certain direct program <br /> costs are ineligible for CDBG-CV funds. Recording requirements prescribed by Congress, <br /> HUD, or the CITY may require these costs to be listed within the budget, but these costs <br /> will not be paid for using CDBG-CV funds provided by the CITY. Ineligible direct program <br /> costs can be found in Appendix C, which is incorporated into this contract by reference. <br /> VII. PAYMENT OF CDBG-CV FUNDS TO SUBRECIPIENT: The CITY agrees to fund the Program <br /> in the total amount not to exceed Two Hundred Seventy-Two Thousand Four Hundred <br /> Seventy-Seven Dollars ($272,477.00). Such funds shall be paid to the SUBRECIPIENT <br /> according to the schedule in Appendix B.The CITY CANNOT disperse any grant funds until <br /> the Environmental Review is complete and this Agreement has been executed by both <br /> parties (24 CFR Sect. 570.503 (a)). The Environmental Review shall be completed by the <br /> City, and shall be executed in a timely manner. <br /> • The SUBRECIPIENT understands that this Agreement is for a Small Business <br /> Assistance Program and the payments shall be made per the schedule in Appendix <br /> C. <br /> • The SUBRECIPIENT understands that disbursement will be contingent upon the <br /> SUBRECIPIENT 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 bythe 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 SUBRECIPIENT understands and <br /> agrees that if the SUBRECIPIENT 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 SUBRECIPIENT to fulfill in a timely and <br /> proper manner its obligations under this Agreement; <br /> 4 <br />