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2. Retention <br /> The Subrecipient shall retain all records pertinent to expenditures incurred under <br /> this contract for a period of five (5) years after the termination of all activities <br /> funded under this Agreement, or after the resolution of all Federal audit findmgs, <br /> whichever occurs later. Records for nonexpendable property acquired with funds <br /> under this contract shall be retained for five (5) years after final disposition of <br />, such property. Records for any displaced person must be kept for five (5) years <br /> after he/she has received final payment. <br /> 3. Client Data <br />� The Subrecipient shall document and provide data demonstrating client eligibility <br /> for services provided. Such data shall include, but not be limited to: client name, <br /> address, income level or other basis for determining eligibility, and description of <br /> service provided. Such information shall be made available to the City monitors <br /> or their designees for review upon request. <br /> 4. Disclosure <br /> The Subrecipient understands that client information collected under this contract <br /> is private and the use or disclosure of such information, when not directly <br /> connected with the administration of the City's or Subrecipient's responsibilities <br /> with respect to services provided under this contract, is prohibited by the Right to <br /> Financial Privacy Act of 1978 unless written consent is obtained from such person <br /> receiving service and, in the case of a minor,that of a responsible parent/guardian. <br /> 5. Records and Property and Reversion of assets <br /> The Subrecipient shall maintain real property inventory records which clearly <br /> identify properties purchased, improved, or sold. Properties retained shall <br /> continue to meet eligibility criteria and shall conform to the "changes in use" <br /> restrictions specified in 24 CFR Parts 570.503 (b) (8). <br /> (7)Reversion of assets. Under this agreement upon its expiration the subrecipient <br /> shall transfer to the recipient any CDBG funds on hand at the time of expiration <br /> and any accounts receivable attributable to the use of CDBG funds. It shall also <br /> include provisions designed to ensure that any real property under the <br /> subrecipient's control that was acquired or improved in whole or in part with <br /> CDBG funds (including CDBG funds provided to the subrecipient in the form of <br /> a loan) in excess of$25,000 is either: (i) Used to meet one of the national <br /> objectives in §570.208 (formerly §570.901)until five years after expiration of the <br /> agreement, or for such longer period of time as determined to be appropriate by <br /> the recipient; or(ii)Not used in accordance with paragraph(b)(7)(i) of this <br /> section, in which event the subrecipient shall pay to the recipient an amount equal <br /> to the current market value of the property less any portion of the value <br /> attributable to expenditures of non-CDBG funds for the acquisition of, or <br /> Subrecipient Agreement(Rev. 09/08/09) Page 7 of 18 <br />