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DocuSign Envelope ID: F396A7D5-62F3-4B5B-A968-F49AA5397EFF <br /> this Agreement include but are not limited to repayment of any funds deemed to be <br /> expended in an ineligible manner. Repayment of HOME fund is required if the <br /> housing does not meet the affordability requirements for the Period of Affordability. <br /> 6. Books and Records. The Owner shall maintain records of its grant requirements <br /> under this contract for a period of not less than five (5) full fiscal years following the <br /> contract completion date. <br /> a. The Owner shall ensure access to records and financial statements, as necessary, <br /> to provide effective monitoring and evaluation of project performance. <br /> Additionally, The Owner shall submit a copy of its annual audit to the County. <br /> b. Upon reasonable advance notice, County or its authorized representatives may <br /> from time to time inspect, audit, and make copies of any of The Owner records <br /> that relate to this contract. If any audit by County discloses that payments to The <br /> Owner were in excess of the amount to which The Owner was entitled under this <br /> contract, The Owner shall promptly pay to County the amount of such excess. If <br /> the excess is greater than 1% of the contract amount, The Owner shall also <br /> reimburse County its reasonable costs incurred in performing the audit. <br /> c. The Owner shall maintain files of all tenants, regardless of length of occupancy, <br /> residing in assisted units. Documentation shall verify eligibility for federal <br /> assisted housing at the point of initial tenancy and every subsequent year <br /> thereafter for the period of affordability. Information maintained shall include: <br /> tenant income level; name of family members; ethnic data; family type — e.g. <br /> female head of household; disability status; and monthly rent. <br /> d. The Owner shall maintain records verifying the affordability of the dwelling units. <br /> 7. Notices. Any Notice shall be in writing and shall be given by depositing the same in <br /> the United States mail, post-paid and registered or certified, and addressed to the <br /> party to be notified, with return-receipt requested, or by delivering the same in person <br /> to an officer or principal of such party. Notice deposited in the mail in the manner <br /> here in above described shall be effective upon mailing. For purposes of Notice, the <br /> addresses of the parties shall, unless changed as hereinafter provided, be as follows: <br /> a. To the County: Orange County <br /> c/o Housing and Community Development Department <br /> P.O. Box 8181 <br /> Hillsborough,NC 27278 <br /> ATTN: Director <br /> b. To Owner: EmPOWERment, Inc <br /> 109 N. Graham Street <br /> Chapel Hill,NC 27516 <br />