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<br />perform the services identified in the Statement of Work for the entire term of the <br />Agreement and in compliance with all the terms and conditions specified in this Agreement. <br />Subrecipient, in providing the services hereunder, will be an independent contractor of the <br />City. In consideration of the continued performance of the Subrecipient's services, the City <br />will make payments to the Subrecipient as provided in Article 10. <br /> <br />ARTICLE 3 <br />RECORDS AND REPORTS <br /> <br />3.1 Prior to its receipt of funds, Subrecipient will furn ish the City with a detailed estimate <br />of all anticipated expenditures in compliance with the Statement of Work. <br /> <br />3.2 The Subrecipient will provide the City with written reports detailing the actual <br />program expenditures on a quarterly basis with the first report due three months from the <br />date of execution of this Agreement. <br /> <br />3.3 The receipt of program income under this Agreement is not anticipated. However, <br />if the Subrecipient receives program income for any activity it performs under this <br />Agreement it will comply with all applicable regulations specified in 24 C.F.R. Section <br />570.504. <br /> <br />3.4 The Subrecipient will maintain all records of its services for the term of this <br />Agreement and for three years thereafter, including documentation that the services <br />performed by the Subrecipient are designed to benefit low and moderate income persons. <br /> <br />3.5 All records of the Subrecipient will be kept in an organized and recognizable format <br />acceptable to the City. The City will have access to any books, documents, papers and <br />records of the Subrecipient which are directly pertinent to this Agreement for the purpose <br />of making audit, examination, excerpts and transcriptions. <br /> <br />ARTICLE 4 <br />UNIFORM ADMINISTRATIVE REQUIREMENTS <br /> <br />4.1 Subrecipient will comply with the applicable uniform administrative regulations <br />published by the Office of Management and Budget and the Code of Federal Regulations <br />(24 C.F.R. Section 570) as amended, as those regulations relate to the application, <br />acceptance and use of federal funds for these federally assisted services. Subrecipient <br />is encouraged to obtain the necessary materials and information from the City for the <br />purpose of compliance with this Section. Failure of the Subrecipient to obtain the <br />necessary information specified in this Section will not relieve it from compliance with the <br />applicable regulations. <br /> <br />2 <br />