Orange County NC Website
Browse       Search
DocuSign Envelope ID:758215CF-OA18-45F8-8807-AB9OF35D5BA2 <br /> the Project dwelling units, unless affordability restrictions are terminated due to the <br /> sale of the Property to a non-qualified buyer. In the event of a sale of the Property to <br /> a non-qualified buyer by the homebuyer, the Recapture Provisions of this Agreement <br /> pertain and Habitat assures compliance with affordability of each of the Project <br /> dwelling units as provided in the Declaration of Restricted Covenants on the <br /> Property. The Declaration of Restricted Covenants shall constitute and remain a lien <br /> on the Property during the entire period of affordability. <br /> C. Habitat agrees to retain full responsibility for compliance with the Affordability <br /> Requirements provided in Section IV.B above and the Recapture Provisions provided <br /> in Section 4B of Exhibit C, Declaration of Restrictive Covenants. <br /> VII. HABITAT PERFORMANCE UNDER THIS AGREEMENT <br /> A. Habitat agrees and authorizes the County to conduct on-site reviews, examine client and <br /> contractor records, client applications and to conduct any other procedures or practices to <br /> assure compliance with these provisions. <br /> B. Habitat agrees to not violate any State or Federal laws, rules or regulations regarding a <br /> direct or indirect illegal interest on the part of any employee or elected official of Habitat <br /> in the Project or payments made pursuant to this Agreement. <br /> C. Habitat agrees that to the best of its knowledge, neither the Project nor the funds provided <br /> therefore, and the personnel employed in the administration of the program shall be in <br /> any way or to any extent engaged in the conduct of political activities in contravention of <br /> Chapter 15 of Title 5,United States Code, referred to as the Hatch Act. <br /> D. Habitat shall comply with audit requirements contained in 2 CFR, Subpart F which <br /> requires Habitat to have an annual audit conducted within nine (9)months of the end of <br /> their fiscal year, if Habitat has an aggregate expenditure of more than $750,000 in federal <br /> funds in a fiscal year. Habitat shall submit to the County copy of said audit report. <br /> Habitat shall permit the authorized representatives of the County, HUD and the <br /> Comptroller General of the United States to inspect and audit all data and reports of <br /> Owner relating to its performance under the Agreement. Any deficiencies noted in audit <br /> reports must be fully cleared by Habitat within thirty(30) days after receipt of same. <br /> If Habitat is not required to perform an audit per the 2 CFR, Subpart F requirements, it <br /> must have and maintain adequate internal financial/cash management principles and <br /> reporting policies. <br /> E. County shall provide, upon request, copies of all laws, regulations and orders cited in this <br /> Agreement. <br /> F. Owner certifies by executing this Agreement that Owner has not been identified, and has <br /> not utilized the services of any agent or subcontractor identified, on the list created by the <br /> State Treasurer pursuant to G.S. 147-86.58. By executing this Agreement Provider <br /> 4 <br />