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,. ,, • . <br /> time during normal business hours, as often as the City or grantor agency deems <br /> necessary, to audit, examine, and make excerpts or transcripts of all relevant data. <br /> IV. PROJECT REQUIREMENTS <br /> A. Selection <br /> Dove Inc. shall submit its project(s)to the City for approval. The proposal shall <br /> include: project location and description; purchase agreement or proof of control of the <br /> property; title insurance binder when ownership is secured; sources and uses development <br /> budget; proposed construction schedule; and construction/rehabilitation cost estimate and <br />' breakdown. Dove Inc. shall also provide verification that all tenants of the project will <br /> fall within the HUD-established guidelines for low- and moderate-income persons. Dove <br /> Inc. shall submit documentation to the City for approval of any changes in the project <br /> including location,projected budget needs, etc. <br /> B. Approval <br /> The City shall submit the project for environmental and historical preservation review <br />'� as needed. The City shall review the proposal for consistency with program objectives, <br /> construction budget estimates, and other elements as deemed necessary. The City shall <br /> inform Dove Inc. in writing as to its approval of the project. Dove Inc. shall not obligate <br /> any of the HOME funds budgeted for the project until written approval is received from <br /> the City. <br /> om leti n <br /> C. C o <br /> P <br /> Th r � <br /> e o ect ro osal shall include a schedule for com letion in a timel manner. The <br /> P J P P P Y <br /> schedule shall include dates of major construction/rehabilitation milestones and target <br /> completion date. The City will review the project to determine if the length of time <br /> proposed for project completion is reasonable and, if not, will reach an acceptable <br /> agreement with DOVE INC.. The City will monitor progress on the project to ensure <br /> that the schedule is being maintained. Any extensions to the project schedule must be <br /> ex lained to the Cit in writin . <br /> P Y g <br /> D. Project Closeout/Final Payment <br /> The City reserves the right to withhold up to the final ten percent (10%) of total <br /> reimbursement on a project until all closeout documentation is received. Closeout <br /> documentation shall consist of: final payout requests, final property inspection sheets, and <br /> certificate of occupancy. <br /> E. Termination of Project Funding <br /> The City reserves the right to suspend or terminate payment of reimbursement requests <br /> for a project in whole or in part for cause. Cause shall include the following: <br /> (1) Improper use of funds; <br /> 3 <br />