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DocuSign Envelope ID:002619DF-54F2-4EEA-B4A8-14714544BAC0 <br /> 6. Books and Records. The Owner shall maintain records of its grant requirements under <br /> this contract for a period of not less than five(5)full fiscal years following the contract <br /> completion date. <br /> a. The Owner shall ensure access to records and financial statements, as necessary,to <br /> provide effective monitoring and evaluation of project performance. Additionally, <br /> 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 from <br /> time to time inspect, audit, and make copies of any of The Owner records that relate <br /> to this contract. If any audit by County discloses that payments to The Owner were <br /> in excess of the amount to which The Owner was entitled under this contract, The <br /> Owner shall promptly pay to County the amount of such excess. If the excess is <br /> greater than 1% of the contract amount, The Owner shall also reimburse County its <br /> 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 assisted <br /> housing at the point of initial tenancy and every subsequent year thereafter for the <br /> period of affordability. Information maintained shall include: tenant income level; <br /> name of family members; ethnic data; family type—e.g. female head of household; <br /> 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 party <br /> to be notified, with return-receipt requested, or by delivering the same in person to an <br /> officer or principal of such party. Notice deposited in the mail in the manner here in <br /> above described shall be effective upon mailing. For purposes of Notice,the addresses <br /> 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 /> ATTN: Chair, Board of Directors <br /> Either the County or Owner may change the person or address to which any future <br /> Notice given as herein provided. <br />