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t <br /> -lX- <br /> kX. 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 /> SUBG NTEE CI R I INOIS <br /> r—' <br /> ��� <br /> C ief Officia r - ry K. Anderson <br /> James C. Bacon, Jr. , President DEPT. OF COMMUNITY DEVELOPMENT <br /> Name and Title <br /> Direc or - Davi A. ar <br /> ATTEST: <br /> � � � <br /> C'ity Cl rk - Piyllis E . Sands <br />