Res 2017-022/Interlocal Agreement between City and General Land Office (GLO) to assist administration of Disaster Recovery Funds from U.S. Department of Housing and Urban Development (HUD-DR)

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DocuSign Envelope ID: 4DE5ACDB-41 F6-4131D-AFDF-B4C9F4C755EA GLO Contract No. 17-362-000-A396 Page 4 of 7 the terms and conditions of this Agreement. 12. Either Party may terminate this Agreement by giving written notice specifying a termination date at least fourteen (14) days subsequent to the date of the notice. Such early termination shall be subject to the equitable settlement of the respective interests of the Parties, accrued up to the date of termination. 13. Upon termination or expiration of this Agreement, the Parties shall adhere to the closeout procedures prescribed by 2 C.F.R. 200.343. 14. In accordance with 2 C.F.R. 200.338-342, the City may suspend or terminate this Agreement as a remedy for non-compliance with this Agreement. 15. During the performance of this Agreement, the Parties shall adhere to all applicable federal statutes, regulations, and rules, as may be amended from time to time, including, without limitation, 24 C.F.R. Part 570 and 2 C.F.R. Part 200. The Parties shall adhere to the accounting standards and cost principles found in 2 C.F.R. Part 200. 16. The GLO shall keep and maintain, full, true, and complete records necessary to fully disclose to the City, the Texas State Auditor's Office, the United States Government, and/or their authorized representatives, sufficient information to determine compliance with the terms and conditions of this Agreement and all applicable state and federal rules, regulations, and statutes. The GLO will retain all financial records, supporting documents, statistical records, and all other records pertinent to the Agreement for a period of three (3) years subsequent to the final closeout of the overall City CDBG-DR grant program, in accordance with federal regulations. The City shall notify the GLO of the date upon which local records may be destroyed. The Parties understand that all relevant records related to this Agreement and any work product produced in relation to this Agreement shall be subject to the Administrative and Audit Regulations found in 2 C.F.R. Part 200. 17. If applicable, the GLO shall report and submit Program Income, as defined at 24 C.F.R. 570.500(a), to the City in the same manner prescribed by 24 C.F.R. 570.504. Any and all program income received will be returned to the City no later than upon the expiration or termination of this Agreement. 18. The use and disposition of real property and equipment under this Agreement shall be in accordance with 2 C.F.R. Part 200 and 24 C.F.R. 570.502, 570-503, and 570.504, as applicable. 19. The GLO shall submit to the City a monthly progress report for the duration of this Agreement and shall submit a final report upon termination or expiration of this Agreement. 20. The Parties acknowledge that information shared between the Parties during the performance of this Agreement is subject the Texas Public Information Act, Chapter 552, Texas Government Code, including any exceptions to disclosure of information contained therein. 21. This Agreement may be amended only by a writing signed by both Parties. Interlocal Agreement between GLO and the City of San Marcos Contract No. 217-190 Page 4