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project be awarded to business concerns which are located in, or owned in substantial <br /> part by persons residing in the areas of the project. <br /> C. Conduct <br /> 1. Assignability <br /> NWRAPS shall not assign or transfer any interest in this contract without the <br /> prior written consent of the City thereto;provided, l�owever, that claims for money due or <br /> to become due to NWRAPS from the City under this contract may be assigned to a bank, <br /> trust company, or other financial institution without such approval. Notice of any such <br /> assignment or transfer shall be furnished promptly to the City. <br /> 2. Hatch Act <br /> NWRAPS agrees that no funds provided, nor personnel employed under this <br /> contract, shall be in any way or to any extent engaged in the conduct of political activities <br /> in violation of Chapter 15 of Title V United States Code. <br /> 3. Conflict of Interest <br /> NWRAPS agrees to abide by the provisions of 24 CFR 570.611 with respect to <br /> conflicts of interest, and covenants that it presently has no financial interest and shall not <br /> acquire any financial interest, direct or indirect, which would conflict in any manner or <br /> degree with the performance of services required under this contract. NWRAPS further <br /> covenants that in the performance of this contract no person having such a financial <br /> interest shall be employed or retained by NWRAPS hereunder. These conflict of interest <br /> provisions apply to any person who is an einployee, agent, consultant, officer, or elected <br /> official or appointed official of the City, or of any designated public agencies or <br /> subcontractors which are receiving funds under the HOME program, or those to whom <br /> they have business or iinmediate family ties, during their tenure ar for one (1) year <br /> thereafter, unless an exception is pennitted by HUD pursuant to applicable law. <br /> NWRAPS shall provide the City with a list of its current Board members and inform the <br /> City in writing if, during the course of this contract, any changes in Board membership <br /> occur. <br /> 4. Subcontracts <br /> a. Content <br /> - NWRAPS shall cause all applicable provisions of this contract in its entirety to <br /> be included in and inade a part of any subcontract executed in the perfonnance of this <br /> Agreement. ' <br /> b. Selection Process '� <br /> NWRAPS shall undertake to insure that all subcontracts let in the performance ���� <br /> of this Agreement shall be awarded on a fair and open competition basis. �� <br /> c. Violation <br /> NWRAPS will take appropriate action pursuant to the subcontract upon a <br /> finding that the subcontractor is in violation of regulations issued by the Grantor Agency. <br /> NWRAPS will not subcontract with any contractor where it has notice or knowledge that <br /> the latter has been found in violation of regulations under 24 CFR 135 and will not let <br /> 11 <br />