2008-117 Housing - Development Agreement-Community Alternatives for Supportive Abodes

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ii. In the event that CASH, prior to the contract completion date, is unable to continue to function due to, but, not limited to, dissolution or insolvency of the organization, its filing a petition for bankruptcy or similar proceedings, or is adjudged bankrupt or fails to comply or perform with provisions of this agreement, then CASA shall, upon ' the County's request, convey to the County the Property assisted with HOME fiends. Conveyance shall be at the sole discretion of County and on a Project dwelling unit by Project dwelling unit basis. Conveyance shall be on the terms set forth herein: Conveyance shall occur within thirty (34) days of County and CASA's agreement of CASA's inability to continue as a viable organization. CASA shall convey the Property to the County by general warranty deed, free and clear of all liens and encumbrances of record except those which create a beneficial. interest in County (Declaration of Restrictive Covenants and Deed of Trust). e. Default, Rennedies. This Agreement may be terminated by a non defaulting , party upon an event of default hereunder, after written notice thereof and thirty (30) days grace period in which the defaulting party may act to cure. As used herein, the term "an event of default" shall mean and refer to a failure or act of omission by either party with respect to any undertaking, obligation, covenant or condition as set' forth in this Agreement. With respect to any event of default, the non-defaulting party may exercise any right available to it at law or in equity with respect to Such default. f. Soaks and Records. CASA shall maintain records of its grant requirements under this contract. for a period of not less than five (5) full fiscal years following the contract completian date. i. CASA shall ensure access to records and financial statements, as necessary, to provide effective monitoring and evaluation of project performance. Additionally, CASA shall submit a copy of its annual audit to the County. Upon reasonable advance notice, County or its authorized representatives nzay from time to .time inspect, audit, and make copies of any of CASA records that relate to this contract. If any audit by County discloses that payments to CASA were in excess of the amount to which CASA was entitled under this contract, CASA shall promptly pay to County the amount of such excess. If the excess is greater than 1% of the contract amount, CASA shall also reimburse County its reasonable costs incurred in performing the audit. ii. CASA shall maintain files of all tenants, regardless ,of length of occupancy, residing in assisted units. Documentation shall verify eligibility for federal assisted housing at the point of initial tenancy and every subsequent year thereafter for the period of affordability. Information maintained shall include: tenant income level; naive of family members; ethnic data; family type - e.g. female head of household; disability status; and monthly rent. iii. CASA shall maintain records verifying the affordability of the dwelling units.