R95-62 AUTHORIZING SUBRECIPIENT AGREEMENTS

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_ � �� , D. Performance Monitoring The City will monitor the performance of the Subrecipient against goals and performance standards required herein. Sub- standard performance as determined by the City will constitute non-compliance with this agreement . If action to correct such substandard perfonnance is not taken by the Subrecipient within a reasonable period of time as specified by the City, then, after being notified by the City, contract suspension or termination procedures will be initiated. II . TIME OF PERFORMANCE Services of the Subrecipient shall begin when given a Notice to Proceed by the Neighborhood Services Division of the City. The tenn of this Agreement and the provisions herein shall end at completion of the fiscal year, namely April 26, 1996 . Program income (if applicable) shall be accounted for annually, and shall be used only for the purpose outlined in the proposal . Al1 program income will revert to City if Subrecipient fails to ade- quately demonstrate that program income was spent as agreed, or if the Subrecipient no longer exists . II2 . PAYMENT It is expressly agreed and understood that the total amount to be paid by the City under this contract shall not exceed $18, 594 . 00 . Drawdowns for the payment of eligible expenses shall be made against the line item budgets specified in CDBG applica- tion and in accordance with performance . Expenses for general administration shall also be paid against the line item budgets specified in the CDBG application and in accordance with perfor- mance. Payments may be contingent upon certification of the Subrecipient' s financial management system in accordance with the standards specified in OMB Circular A-110, Attachment F. IV. NOTICES Communication and details concerning this contract shall be directed to the following contract representatives : 2 4 .