R93-74 AUTHORIZING SUBRECIPIENT AGREEMENTS

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shall cause or require to be inserted in full, in all such contracts subject to such regulationa, provisions meeting the requiremente of this paragraph, for such contracts in excess of $ 10, 000 .00 . 4 . "Section 3" Clause a. Com�liance Compliance with the provisions of Section 3, the regulations set forth in 24 CFR 135, and all ap- plicable rules and orders issued hereunder prior to the execution of this contract, shall be a condition of the federal financial as- sistance provided under this contract and binding upon the City, the Subrecipient, and any sub- Subrecipients. Failure to fulfill these require- ments shall subject the City, the Subrecipient, and any s:ibSubrecipients, their successors and as- signs, to those sanctians specified by the agree- ment through which federal assistance is provided. The Subrecipient certifies and agrees that no con- tractual or other disability exists which would prevent compliance with these requirements. 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 direct 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- ities 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 subetantial part by persons reaiding in the areas of the project. " The Subrecipient certifies and agrees that no con- tractual or other disability exists which would prevent compliance with the requirements. 14