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<br />33 <br /> <br />TEXAS DEPARTMENT OF COMMERCE <br />CONTRACT FOR <br /> <br />COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS <br /> <br />STATE OF TEXAS <br /> <br />] <br /> <br />COUNTY OF TRAVIS] <br /> <br />SECTION 1. <br /> <br />PARTIES TO CONTRACT <br /> <br />This contract and agreement is made and entered into by and between the Texas <br />Department of Commerce, an agency of the State of Texas, hereinafter referred <br />to as "Department", and , hereinafter referred to <br />as "Contractor", The parties ereto have severa y and collectively agreed <br />and by the execution hereof are bound to the mutual obligations and to the <br />performance and accomplishment of the tasks described herein. <br /> <br />SECTION 2. <br /> <br />CONTRACT PERIOD <br /> <br />This contract and agreement shall commence on May 15, 1988, and shall <br />terminate on May 14, 1990, unless otherwise specifically provided by the terms <br />of this contract. <br /> <br />SECTION 3. <br /> <br />CONTRACTOR PERFORMANCE <br /> <br />Contractor shall conduct, in a satisfactory manner as determined by <br />Department, a community development program in a nonentitlement area under <br />Title I of the Housing and Community Development Act of 1974, as amended (42 <br />U.S.C. Sec. 5301 et seQ.), hereinafter referred to as the Act. Contractor <br />shall perform all activities in accordance with the terms of the Performance <br />Statement, hereinafter referred to as Exhibit A; the Budget, hereinafter <br />referred to as Exhibit 8; the Project Implementation Schedule, hereinafter <br />referred to as Exhibit C; the Applicable Laws and Regulations, hereinafter <br />referred to as Exhibit D; the Certifications, hereinafter referred to as <br />Exhibit E; the assurances, certifications, and all other statements made by <br />Contractor in its application for the project funded under this contract; and <br />with all other terms, provisions, and requirements set forth in this contract. <br /> <br />SECTION 4. <br /> <br />DEPARTMENT OBLIGATIONS <br /> <br />A, Measure of liability <br /> <br />In consideration of full and satisfactory performance of the activities <br />referred to in Section 3 of this contract, Department shall be liable for <br />actual and reasonable costs incurred by Contractor during the contract period <br />for performances rendered under this contract by Contractor, subject to the <br />limitations set forth in this Section 4, <br /> <br />Page 1 of 13 Pages <br /> <br />fie ;J. :27 <br />