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<br />CHAPTER 5 <br /> <br />TERMS AND CONDITIONS UNDERWHICH LOANS ARE MADE <br /> <br />5.1 Rehabilitation! Reconstruction Conditions <br /> <br />The specific terms and conditions with respect to a rehabilitation! replacement loan are <br />incorporated into the application. The applicant shall agree, and by signing does agree to: <br /> <br />a. Civil Rights: <br />Comply with all DHUD requirements with respect to Title VI of the Civil Rights Act of <br />1964, to not discriminate on the basis of Color, Religion, Handicap, Familial Status or <br />National Origin. <br /> <br />b. Cancellation of Loan: <br />Return of the grant proceeds with no right, interest, or claim in the proceeds, if the loan is <br />canceled before the rehabilitation! replacement work is started. <br /> <br />c. Use of Proceeds: <br />Use ofloan proceeds only to pay for costs of materials and services necessary to carry out <br />the rehabilitation! replacement work for which the loan will be approved. <br /> <br />d. Completion of Work: <br />Assure the rehabilitation! replacement work shall be carried out promptly and efficiently <br />through written contract but with the prior concurrence of the Program Governing Body. <br /> <br />e. Ineligible Contractors: <br />Not award any contract for construction to be paid for in whole or in part with the <br />proceeds of the loan to any contractor appearing on the federal debarment list. <br /> <br />f. Inspection: <br />Inspection by the City or it's designee of the property, the construction work and all <br />contracts, materials, equipment, payrolls, and conditions pertaining to the work. <br /> <br />11 <br />