65-04 EDF for Vedda & Sons - Laserfiche WebLink

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Section 5.04 Information During the term of this Agreement, Grantee shall: (1) Keep and maintain records, books of account and other documents relating directly to all matters covered by this Agreement., (2) Grantee shall comply with all reporting requirements of the United States Department of Housing and Urban Development (HUD) and the City of Lakewood. Section 5.05 Disclosure of Documents All of the records, information, data, reports, etc., prepared or assembled by the Grantee under this Agreement are confidential and the Grantee does covenant and agree that those items shall not be made available to any individual or organization, other than an agency of the United States Government, without the prior written approval of the City. Applicable federal, state, and local laws shall govern disclosure of documents, which are in the possession of the City. Section 5.06 Inspection Grantee shall permit any duly authorized representative of the United States Department of Housing and Urban Development (HUD), the City, or any other appropriate governmental official at all reasonable hours, upon reasonable notice, and as often as reasonably requested, to have the right to (1) inspect the personal property, and real estate used to secure the GRANT; (2) inspect Grantee's books of account (and to make copies of and/or extracts therefrom); or (3) discuss with agents and employees of Grantee: Grantee's affair5, employment and contracting goals, finances, accounts and compliance with the terms of this Agreement. However, such inspections shall be limited to to the minimum requirements of the rules and regulations of HUD and the City agrees to make its best ¡:fforts to minimize such intrusions into Grantee's business and to protect Grantee's privacy. Grantee shall provide statements, records, data and the City free access and entry to any portion of Grantee's premises for the purposes of such inspections and discussions until the terms of this Agreement have been complied with and fulfilled. Section 5.07 Notice of Default Within thirty (30) days of any event, which constitutes an Event of Default, as defined in Article VI, or as defined under any of the GRANT Documents, Grantee shall provide written notice to the City of the event. If an event occurs which would, with notice or lapse of time, constitute an Event of Default; Grantee shall likewise give notice to the City within thirty (30) days of the discovery of that event. Section 5.08 Indemnification Grantee shall be fully responsible and shall indemnify and hold harmless the City, its officials, employees and agents against all liability, claims, demands, losses, damages, delays and Page 9 of 16