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The Contractor shall comply with the requirements of Article 2 of Chapter 64 of the North Carolina General <br /> Statutes.Further,should Contractor utilize a subcontractors),Contractor shall require the subcontractors)to <br /> comply with the requirements of Article 2,Chapter 64 of the General Statutes. <br /> PAYMENT AND DOCUMENTATION: <br /> The appropriation shall be paid to The Mildred Council Annual Community Dinner in semi-annual installments <br /> at the end of each half-year period in which services were provided,pursuant to the Scope of Services attached <br /> hereto as Exhibit A and incorporated herein by reference. Each semi-annual installment will be for Five <br /> Hundred Dollars. The Town's obligation to make each payment is contingent upon receiving satisfactory <br /> documentation and accounting of expenditures as detailed in the attached Exhibit A and submission of a semi- <br /> annual report using the template provided by Town staff. <br /> FINANCIAL RECORDS: <br /> The Mildred Council Annual Community Dinner agrees to furnish the Town with semi-annual financial <br /> statements as detailed in the completed Application attached as Exhibit B and incorporated herein by <br /> reference. In addition,The Mildred Council Annual Conununity Dinner agrees to allow the Town to inspect its <br /> financial books and records upon reasonable notice during normal working hours. <br /> SCOPE OF SERVICES <br /> The Mildred Council Annual Community Dinner agrees to provide services,described in the Scope of Services <br /> attached hereto as Exhibit A and the Application attached as Exhibit B and incorporated herein by reference,to <br /> residents of Chapel Hill and to maintain a high level of professionalism in the provision of these services. <br /> TERMINATION FOR CAUSE: <br /> In the event that The Mildred Council Annual Community Dinner shall cease to exist as an organization or shall <br /> enter bankruptcy proceedings,or be declared insolvent,or liquidate all or substantially all of its assets,or fails <br /> to provide the services described in the attached work statement or shall significantly reduce its services or <br /> accessibility to Chapel Hill residents during the term of this Agreement, or in the event that The Mildred <br /> Council Annual Community Dinner shall fail to render a satisfactory accounting as provided herein,then and in <br /> that event the Town may terminate this Agreement and The Mildred Council Annual Community Dinner will <br /> return all payments already made to it by the Town for services which have not been provided or for which no <br /> satisfactory accounting has been rendered. <br /> [SIGNATURES ONFOLL0WING PAGE.] <br />