2004 NS Agreement - Performance Agreement for Housing Rehabilitation Administrative Services

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4 this Agreement. Once rehabilitation work is determined to be satisfactory to the County, the Town's Inspections Department, the Contractor and the homeowner, the Town will make payment directly to the Contractor. The Town will also comply with any applicable reporting requirements concerning minority participation also as prescribed in the Work Statement of this Agreement. 3. FINANCIAL RECORDS Orange County agrees to allow the Town to inspect its financial books and records related to this project upon reasonable notice during normal working hours. 4. TIME OF PERFORMANCE Services of Orange County shall start on , 2004 and end on June 30, 2005. 5. WORK STATEMENT Orange County agrees to provide those services described in the Work Statement of this Agreement, which is attached hereto and incorporated herein by reference and to maintain a high level of professionalism in the provision of these services. 6. TERMINATION FOR CAUSE OR CONVENIENCE Either the Town or Orange County may terminate this Agreement for the convenience of the terminating party at any time by giving written notice to the other party of such termination and specifying the effective date thereof at least 30 days before the effective date of such termination. In the event of any termination for convenience, all unfinished documents, data, reports, or other materials prepared by Orange County under this Agreement shall, at the option of the Town, become the property of the Town and Orange County shall be entitled to receive just and equitable compensation for any work completed according to the standard prescribed in Paragraph 2 of this Agreement. In the event that Orange County shall cease to exist or shall enter bankruptcy proceedings, be declared insolvent, liquidate all or substantially all of its assets during the term of this Agreement, or in the event that Orange County shall fail to render a satisfactory accounting as provided herein, then and in any of these events the Town may terminate this Agreement. 7. GENERAL CONDITIONS A. General Com liance Orange County agrees to comply with the requirements of Title 24 of the Code of Federal Regulations, Part 570 (the Housing and Urban Development Regulations concerning Community Development Block Grants - CDBG). Orange County also agrees to comply with all other applicable Federal, state and local laws, regulations, and policies governing the funds provided under this contract.