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-1X- <br /> XX . REVERSION OF ASSETS <br /> The agreement shall specify that upon its expi.ration the <br /> subrecipi.ent shall transfer to the recipient any CDBG <br /> funds on hand at the time of expiration and any accounts <br /> receivable attributable to the use of CDBG funds . It <br /> shall also include provisions designed to ensure that any <br /> real property under the subrecipient ' s control that was <br /> acquired or improved in whole or in part with CDBG Funds <br /> in excess of �25,000 is either : <br /> ( i ) Used to meet one of the national objectives in S <br /> 570 .208 until five years after expiration of the <br /> agreement , or for such longer period of time as <br /> determined to be appropriate by the recipient ; or <br /> ( ii ) Disposed of in a manner that results in the <br /> recipient ' s being reimb�rsed in the amount of the <br /> current fair market value of the property less any <br /> portion of the value attributable to expenditures of <br /> non-CDBG funds for acquisition of , or improvement <br /> to , the property. (Reimbursement is not require� <br /> after the period of time specified in paragraph <br /> (b ) (8 ) ( i > of this Section) . <br /> IN WITNESS WHEREOF , The City of Decatur , Illinois and the Sub- <br /> � grantee , have entered into this Agreement as of the date first <br /> above written. <br /> SUBGRANTEE CIT OF DECAT R, ILL OIS <br /> ��_' � �/� <br /> . ��'��s%� .vL-(� � ���' sl <br /> C ief Official Mayor - Erik C. Brec nitz <br /> � / ` + <br /> �� DEPT . COMMUNITY DEVE PMENT <br /> Name and Title <br /> Director - David A. Cla <br /> ATTEST: <br /> 4 <br /> City C1 k - hyilis E . Sands <br />