Agenda - 02-09-2006-7a - Laserfiche WebLink

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I5. Utility Assessments or Fees: Assessments or fees to recover the CDBG funded portion of a utility project may be charged to properties not owned and occupied by low and moderate income persons. Such assessments are program income and, as such, must be used for eligible CDBG activities that meet a CDBG national objective. 16. Schedule for Release of Conditions and Cornpletion Activities. The recipient must satisfy all conditions to release CDBG funds within three months (April 23, 2006) from the date the Grant Agreement and Funding Approval are signed by the DCA Director. The recipient must draw down all CDBG funds, expend all local non-CDBG fmzds and complete all project activities in conformance with the activities implementation schedule in the application as modified by the Performance Based Contract. The recipient must obligate and expend all funds within 36 months (,January 23, 2009) from the date the Grant Agreement and Funding Approval are signed by the DCA Director. Any remaining funds will be de-obligated. All closeout documents must be returned to DCA by April 23, 2009. Consistent with Section ..1104 of the program regulations (4NCAC 19L), based on review of the recipignt's performance for conformance with the approved application and approved performance schedules, the Secretary of Commerce may withdraw the grant, except for fimds already expended. Upon execution of this agreement by DGC and the recipient, the recipient hereby accepts the assistance on the terms of this grant agreement effective on the date indicated below, and further certifies that the official signing this document has been duly authorized by the recipient's governing body to execute this Grant Agreement.. Secretary of the Department of Commerce c `~~ ~ ~ Date: January 23.2006 d By: ~_,~ ht.rd`~'' i oria Nance-Sims Director Division of Community Assistance Date: Name of Recipient J By: Signature of Authorized Official (Title)