Res 2003-191 - Laserfiche WebLink

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necessary or convenient to effectuate and carry out the terms of this Agreement. 5.14 In performing this Agreement, Subrecipient will comply with all local, state and federal laws. ARTICLE 6 OWNERSHIP AND USE OF DOCUMENTS 6.1 The Subrecipient will ensure that all documents and other information generated by it in accordance with this Agreement will become its property. ARTICLE 7 SUSPENSION AND TERMINATION 7.1 If Subrecipient fails to fulfill in a timely and proper manner its obligations under this Agreement, or violates any of the terms or conditions of this Agreement, then the Subrecipient will have thirty (30) days from the date it receives written notice from the City directing it to cure or correct the defects or failures to comply. Should Sub-recipient fail to make corrections as directed by the City, and such breach of contract results in a violation of federal law or regulation for which the City receives a demand of reimbursement of grant funds from HUD or its successor, the City may terminate this contract immediately, and may recover from the Subrecipient the amount sought by HUD for reimbursement, up to the full amount of funds the Subrecipient has received from the City. 7.2 Subrecipient will not be relieved of the liability to the City for damages sustained by the City by virtue of any breach of this contract by Subrecipient and City may withhold any payments to Subrecipient until the exact amount of monetary damages due the City from Subrecipient is determined. 7.3 If the City becomes aware of any Subrecipient activity which could jeopardize the City's position with HUD and cause the City to return CDBG funds or other federal funds received by the City, the City may take appropriate action, including injunctive relief against the Subrecipient, to terminate or prevent the activity. Failure of the .city to exercise this right will not constitute a waiver by the City of its right to demand payment or to seek any other relief in law or in equity to which it may be entitled. ARTICLE 8 ASSETS AND REVERSION OF ASSETS 8.1 Subrecipient will not purchase any assets unless specifically permitted by City and such procurement will be done in the form and manner so prescribed by the City. Any asset acquired or improved in part or in whole with CDBG funds in excess of $25,000.00 must be an for activity that meets one of the national objectives listed in 24 CFR 570.201 for a period of five years after the expiration of this agreement or a longer period if so determined by the recipient. For the purposes of this Agreement, an asset is as defined in 24 C.F.R. 570.503 (b)(8). 7