My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R92-78 AUTHORIZING SUBGRANTEE AGREEMENTS FISCAL YEAR 1992-93
COD
>
City Clerk
>
RESOLUTIONS
>
1992
>
R92-78 AUTHORIZING SUBGRANTEE AGREEMENTS FISCAL YEAR 1992-93
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/22/2016 3:04:01 PM
Creation date
7/22/2016 3:03:28 PM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R92-78
Res Ord Title
AUTHORIZING SUBGRANTEE AGREEMENTS FISCAL YEAR 1992-93 COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
Approved Date
5/18/1992
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
220
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
-1X- <br /> XX . REVERSION OF ASSETS <br /> The agreement shall specify that upon its expiration the <br /> subrecipient 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 reimbursed 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 required <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 /> SUHGRANTEE � CIT OF DECATUR, ILLINOIS <br /> , �, <br /> _ �j �%r <br /> 0� <br /> hief Official . Mayor - Erik C. re nitz <br /> C�w����r� DEPT. O OMMUN I TY DEVE PMENT <br /> Name and Title <br /> Director - David A. I <br /> ATTEST: <br /> City C1 rk - hyllis E. Sands <br />
The URL can be used to link to this page
Your browser does not support the video tag.