R96-03 AUTHORIZING SUBRECIPIENT AGREEMENTS

Home Browse Search

� ' The Subrecipient further agrees to comply with these "Section 3" requirements and to include the following language in all subcontracts executed under this Agreement: "The work to be performed under this contract is a project assisted under a program providing d'uect federal financial assistance from HUD and is subject to the requirements of Section 3 of the Housing and Urban Development Act of 1968, as amended, 12 U.S.C. 1701. Section 3 requires that to the greatest extent feasible, opportun- a ities for training and employment be given to lower income residents of the project azea and contracts for work in connection with the project be awazded to business concems which aze located in, or owned in substantial part by persons residing in the areas of the project." The Subrecipient certifies and agrees that no contractual or other disability exists which would prevent compliance with the requirements. , b. Subcontracts The Subrecipient will include this Section 3 clause in every subcontract and will take appropriate action pursuant to the subcontract upon a finding that the subSubrecipient is in violation of regulations issued by the Grantor Agency. The Subrecipient will not subcontract with any subSubrecipient where it has notice or knowledge that the latter has been found in violation of regulations under 24 CFR 135 and will not let subcontract unless the subSubrecipient has first provided it with a preliminary statement of ability to comply with the requirements of these regulations. ' D. Conduct 1. Assig�abilitv The Subrecipient shall not assign or transfer any inter- est in this contract without the prior written consent of the City thereto;provided,however,that claims for money due or to become due to the Subrecipient 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.