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, � <br /> requirements, (2) confirmation of additional funding sources as stated in I.B. above, (3) <br /> submission of a signed Memorandum of Agreement between NHDC,Dove Inc., Heritage <br /> Behavioral Health Center, and the Antioch Missionary Baptist Church, and (4) <br /> submission of a signed Recapture Agreement between NHDC and Antioch Missionary <br /> Baptist Church. <br /> E. Duration of Agreement. All funds received under this Agreement must be expended <br /> within on�ar from the date of this agreement unless an extension is granted by the <br /> City. A request for any extension to this term of agreement shall be made in writing and <br /> shall include an explanation for why it is required. The City shall inform NHDC within <br /> three weeks of the receipt of the request for extension as to whether it has been granted. <br /> All provisions of this Agreement, and specifically those in Section V. A., shall remain in <br /> effect throughout the five-year affordability period which has been established for the I''� <br /> HOME-assisted units �I <br /> II. REPORTING AND REIMBURSEMENT PROCEDURE <br /> A. Monthly Reporting. <br /> NHDC shall provide the City with monthly progress reports and financial reports. <br /> Monthly reports shall be submitted to the City by the tenth (l Oth)working day <br /> of the succeeding calendar month. Monthly reports shall include the status of all projects <br /> currently underway, financial expenditures to date, any anticipated revisions to the <br /> project budget, and any other pertinent information. The City reserves the right to <br /> request additional information as necessary before processing reimbursement requests. <br /> Reimbursements will only be processed if NHDC is current with submissions of monthly <br /> reports. <br /> B. Reimbursement <br /> Reimbursements to NHDC will be made upon receipt by the City of Pay Requests and all <br /> supporting documentation. Supporting documentation shall include invoices or receipts <br /> for payment, lien waivers, and final inspection reports on any work for which City <br /> permits and inspections are required. NHDC shall submit pay requests to the City at least <br /> once and not more than twice,per month. <br /> The City will pay to NHDC funds available under this contract based upon information <br /> submitted by NHDC and consistent with any approved budget as long as they were <br /> incurred after the Notice to Proceed was issued. Payments will be made for eligible <br /> expenses actually incurred by NHDC, and not to exceed actual cash requirements. In <br /> addition, the City reserves the right to reduce funds available under this contract for costs <br /> incurred by the City on behalf of NHDC, as long as NHDC is given sufficient notification <br /> of and explanation for this action. <br /> C. Monitoring <br /> The City shall continue to monitor NHDC's compliance with the terms stated in Section <br /> IV.E. of this Agreement throughout the five-year affordability period. Specifically, <br /> NHDC shall provide evidence on an annual basis that it is in compliance with the rent <br /> 2 <br />