Agenda - 09-21-2004-5h - Laserfiche WebLink

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G. Suspension or Termination If Orange County or the Town materially fails to comply with any term of this Agreement or with any of the rules, regulations or provisions referred to herein, the other party may suspend or terminate this Agreement,. H. Assignability Orange County shall not assign or transfer any interest in this Agreement without the prior written consent of the Town thereto; provided, however, that claims for' money due or to become due to Orange County from the Town under this Agreement may be assigned to a bank, trust company or other financial institution without such approval. Notice of any such assignment or transfer shall be furnished promptly to the Town, I. Conflict of Interest Orange County agrees to abide by the provisions of 24 CFR 570..611 with respect to conflicts of interest, and covenants that it presently has no financial interest and shall not acquire any financial interest, direct or indirect, which would conflict in any manner or degree with the performance or provision of services required under this Agreement. Orange County further covenants that in the performance of this Agreement no person having such a financial interest or who will benefit from the funded activity shall be employed or retained by Orange County hereunder. These conflict of interest provisions apply to any person who is an elected official, appointed official, employee, agent or consultant of Orange County, or an elected or appointed official of the Town, or those with wham Orange County or Town elected officials, appointed officials, employees, agents or consultants has business or immediate family ties. 8. ADMINISTRATIVE REQUIREMENTS A. Documentation and Record-Keening 1. Records to be Maintained Orange County shall maintain all records required by the Federa] regulations specified in 24 CFR Pazt 570.506, that are pertinent to the activities to be funded under this Agreement. Such records shall include but not be limited to: a. Records providing a full description of each activity undertaken; b. Records demonstrating that each activity undertaken meet the CDBG program National Objective selected by the Town for this Northside Neighborhood rehabilitation project; c. Records required to determine the eligibility of activities; d. Records required to document the acquisition, improvement, use or disposition of real property acquired or improved with CDBG assistance;