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eoa~ 2~.99 P~cE 397 <br />i. Habitat shall ensure access to records and financial statements, as necessary, to <br />provide effective monitoring and evaluation of project performance. Upon reasonable <br />advance notice, County or its authorized representatives may from time to time inspect, <br />audit, and make copies of any of Habitat's records that relate to this contract. If any audit <br />by County discloses that payments to Habitat were in excess of the amount to which <br />Habitat was entitled under this contract, Habitat shall promptly pay to County the amount <br />of such excess. If the excess is greater than 1% of the contract amount, Habitat shall also <br />reimburse County its reasonable costs incurred in performing the audit. <br />ii. Habitat shall maintain files of all buyers, regardless of length of occupancy, <br />residing in assisted units. Documentation shall verify eligibility for federal assisted <br />housing, at the point of initial closing on the unit, and every subsequent buyer thereafter <br />for the period of affordability. Information maintained shall include buyer income level, <br />ethnic data, female head of household, and disability status and Property and <br />Improvement purchase price. <br />iii. Habitat shall maintain records verifying the affordability of the assisted units. <br />d. Notices. Any Notice shall be in writing and shall be given by depositing the same <br />in the United States mail, post-paid and registered or certified, and addressed to the party to be <br />notified, with return-receipt requested, or by delivering the same in person to an officer or <br />principal of such party. Notice deposited in the mail in the manner here in above described shall <br />be effective upon mailing. For purposes of Notice, the addresses of the parties shall, unless <br />changed as hereinafter provided, be as follows: <br />i. To the County: Orange County <br />c/o Housing and Community Development <br />Department <br />P.O. Box 8181 <br />Hillsborough, NC 27278 <br />ATTN: Director <br />ii. To Habitat: Habitat for Humanity of Orange County, NC, Inc. <br />P.O. Box 407 <br />Hillsborough, NC 27278 <br />ATTN: Executive Director <br />Either the County or Habitat may change the person or address to which any future Notice shall <br />be given as herein provided. <br />e. No Assignment. No transfer or assignment of the interest of Habitat in this <br />Agreement shall occur without the prior written consent of the County; neither may Habitat <br />assign this Agreement without the prior written consent of County. <br />f. Binding Effect. This Agreement shall be binding upon and shall inure to the <br />benefit of the parties hereto and their respective successors and assigns. <br />5 <br />