2019-227-E Housing - Community Home Trust lease

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DocuSign Envelope ID:66F168C2-3C54-4274-9428-4F16B3F1802A 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. Notwithstanding and in addition to the above, in accordance with 24 CFR 85.43, this Agreement may be suspended or terminated by the County if CHT materially fails to comply with any term of the Agreement. Remedies for breach of the provisions of this Agreement include but are not limited to repayment of any funds deemed to be expended in an ineligible manner. Repayment of HOME fund is required if the housing does not meet the affordability requirements for the Period of Affordability. F. Books and Records. CHT 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 completion date. 1. CHT shall ensure access to records and financial statements, as necessary, to provide effective monitoring and evaluation of project performance. Additionally, CHT shall submit a copy of its annual audit to the County. 2. Upon reasonable advance notice, County or its authorized representatives may from time to time inspect, audit, and make copies of any of CHT' records that relate to this contract. If any audit by County discloses that payments to CHT were in excess of the amount to which CHT was entitled under this contract, CHT shall promptly pay to County the amount of such excess. If the excess is greater than 1% of the contract amount, CHT shall also reimburse County its reasonable costs incurred in performing the audit. 3. CHT shall maintain files of all purchasers residing in assisted units. Documentation shall verify eligibility for federal assisted housing at the initial occupancy. Information maintained shall include: tenant income level; name of family members; ethnic data; family type—e.g. female head of household and disability status. 4. CHT shall maintain records verifying the affordability of the dwelling units. G. Notices. Any Notice shall be in writing and shall be given by depositing the same in the United States mail, post-paid and registered or certified, and addressed to the party to be notified, with return-receipt requested, or by delivering the same in person to an officer or principal of such party. Notice deposited in the mail in the manner here in above described shall be effective upon mailing. For purposes of Notice, the addresses of the parties shall,unless changed as hereinafter provided, be as follows: i. To the County: Orange County c/o Housing and Community Development Department P.O. Box 8181 Hillsborough,NC 27278 8