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claims for money due or to become due to the Subrecipient from the City under <br /> this Agreement may be assigned to a bank, trust company, or other financial <br /> institution without such approval. Notice of any such assignment or transfer shall <br /> be furnished promptly to the City. <br /> 2. Hatch Act <br /> The Subrecipient agrees that neither funds provided, nor personnel employed <br /> under this Agreement, shall be in any way or to any extent engaged in the conduct <br /> of political activities in violation of Chapter 15 of Title V United States Code. <br /> 3. Conflict of Interest <br /> The Subrecipient agrees to abide by the provisions of 24 CFR 570.611 with <br /> respect to conflict of interest, and covenants that it presently has no financial <br /> interest and shall not acquire any financial interest, direct or indirect, which would <br /> conflict in any manner or degree with the performance of services required under <br /> this Agreement. The Subrecipient further covenants that in the performance of <br /> this Agreement no person having such a financial interest shall be employed or <br /> retained by the Subrecipient hereunder. These conflict of interest provisions <br /> apply to any person who is an employee, agent, consultant, officer, or elected <br /> official or appointed official of the City, or of any designated public agencies or <br /> Subrecipients which are receiving funds under the CDBG Entitlement program. <br /> The Subrecipient further agrees to provide the City with a list of its current Board <br /> members and notify the City in writing within five (5) business working days if, <br /> during the course of this Agreement, any changes in Board membership occurs. <br /> However, it would be to the benefit of the Subrecipient to notify the City in <br /> advance with names of potential persons being considered for any office or <br /> position within the organization to relieve the Subrecipient of impending conflict <br /> of interest concerns. <br /> 4. Subcontracts <br /> a. Approvals <br /> The Subrecipient shall not enter into any subcontracts with any agency <br /> or individual in the performance of this contract without the written <br /> consent of the City prior to execution of such agreement. <br /> b. Monitorin� <br /> The Subrecipient will monitor all subcontracted services on a regular <br /> basis to assure Agreement compliance. Results of monitoring efforts, if <br /> necessary, shall be summarized in written reports and supported with <br /> documented evidence of follow-up actions taken to correct areas of <br /> noncompliance. <br /> ,�r�Ps.,,,.,x.,.,,�,�,w,�, Page 15 of 28 <br />