R2004-31 AUTHORIZING AGREEMENT - Laserfiche WebLink

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4. "Section 3" Clause Compliance with the provisions of Section 3, the regulations set forth in 24 CFR 135, and all applicable rules and orders issued hereunder prior to the execution of this contract, shall be a condition of the federal financial assistance provided under this contract and binding upon the City,NHDC, and any subcontractors. Failure to fulfill these requirements shall subject the City,NHDC, and any subcontractors, their successors and assigns, to those sanctions specified by the agreement through which federal assistance is provided. NHDC certifies and agrees that no contractual or other disability exists which would prevent compliance with these requirements. Section 3 of the Housing and Urban Development Act of 1968, as amended, requires that to the �reatest extent feasible, opportunities for training and employment be given to lower income residents of the project area and contracts for work in connection with the project be awarded to business concerns which are located in, or owned in substantial part by persons residing in the areas of the project. While this Section only applies to projects for which HUD's share of the cost exceeds $200,000,NHDC is encouraged to comply with the Section 3 preference requirements to the greatest extent feasible. C. Conduct 1. Assignability NHDC shall not assign or transfer any interest in this contract without the prior written consent of the City thereto; provided, however, that claims for money due or to become due to NHDC from the City under this contract may be assigned to a bank, trust company, or other financial institution without such approval. Notice of any such assignment or transfer shall be furnished promptly to the City. 2. Hatch Act NHDC agrees that no funds provided, nor personnel employed under this contract, shall be in any way or to any extent engaged in the conduct of political activities in violation of Chapter 15 of Titie V United States Code. 3. Conflict of Interest NHDC agrees to abide by the provisions of 24 CFR 570.611 with respect to conflicts of interest, and covenants that it presently has no financial interest and shall not acquire any financial interest, direct or indirect, which would conflict in any manner or degree with the performance of services required under this contract. NHDC further covenants that in tlie performance of this contract no person having such a financial interest shall be employed or retained by NHDC hereunder. These conflict of interest provisions apply to any person who is an employee, agent, consultant, officer, or elected official or appointed official of the City, or of any designated public agencies or subcontractors which are receiving funds under the HOME program. 10