2023-125 Resolution - Laserfiche WebLink

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Payment of Subgrant Funds to Subrecipient shall be made on a reimbursement basis upon the timely submission to Lead Entity of materials that comply with Grantor's reimbursement instructions. Lead Entity will pay Subrecipient any funds received from Grantor for the Project within thirty (30) days of Lead Entity's receipt of such funds. Lead Entity reserves the right to suspend payments should the Subrecipient fail to provide required requests in a timely and adequate fashion or if Subrecipient fails to meet other terms and conditions of this Agreement. Subgrant Funds shall be used solely for the stated purposes set forth in the Program, and the expenditures shall be supported by contracts, invoices, and other data as required by Grantor's reimbursement instructions. Any income resulting from the performance of Subrecipient's obligations under the Program and this Agreement shall remain with Subrecipient provided that its use is restricted to future demolition, brownfield remediation, neighborhood stabilization activities, or economic development activities. All costs incurred by Subrecipient in the performance of its duties under the Program and this Agreement for which reimbursement is sought, or substantiating any matching funds requirement, shall be fully documented as required by Grantor's reimbursement instructions. 7. NOTICES. Communication and details conceming this Agreement shall be directed to the following representatives: SUBRECIPIENT: LEAD ENTITY: Adam Stalder Director of Community Stabilization Telephone: Teleohone: (216)698-8658 E-mail: E-mail: wtalder(@.cuvahoaalmdbmk.org org 8. REPORTING AND COMPLIANCE A. Reporting Requirements. Subrecipient shall submit to Lead Entity the reports as required by the Program. B. Inspections. At any time during normal business hours and upon three (3) days prior written notice, as often as Lead Entity may deem necessary and in such a manner as not to interfere unreasonably with normal business operations, Subrecipient shall make available to Lead Entity, for examination, all of its records with respect to matters covered by the Program and this Agreement. Records to he made available for inspection include, but are not limited to, records of personnel and conditions of employment. Subrecipient shall permit Lead Entity to audit, examine and make copies or transcripts from such records.