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1997-137-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 14TH DAY OF APRIL 1997
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1997-137-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 14TH DAY OF APRIL 1997
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8/21/2012 10:56:39 AM
Creation date
4/4/2005 2:29:48 AM
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CITY CLERK
Doc Name
1997
Doc Type
Resolution
CITY CLERK - Date
11/10/1997
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SECTION 18. TERMINATION <br />A. Department shall have the right to terminate this contract, in whole or in part, at any time before <br />the date of completion specified in Section 2 of this contract whenever Department determines that <br />Contractor has failed to comply with any term of this contract. Department shall notify Contractor in <br />writing prior to the thirtieth (30th) day preceding the date of termination of such determination; the <br />reasons for such termination; the effective date of such termination; and in the case of partial <br />termination, the portion of the contract to be terminated. <br />B. Either of the parties to this contract shall have the right to terminate this contract, in whole or in <br />part, when both parties agree that the continuation of the activities funded under this contract would <br />not produce beneficial results commensurate with the further expenditure of funds; provided that both <br />parties agree, in writing, upon the termination conditions, including the effective date of such <br />termination; and in the case of partial termination, the portion of the contract to be terminated. <br />C. Upon termination or receipt of notice to terminate, whichever occurs first, Contractor shall cancel, <br />withdraw, or otherwise terminate any outstanding orders or subcontracts related to the performance <br />of this contract or the part of this contract to be terminated, and shall cease to incur costs thereunder. <br />Department shall not be liable to Contractor or to Contractor's creditors for costs incurred after <br />termination of this contract. <br />D. Notwithstanding any exercise by Department of its right of suspension under Section 17 of this <br />contract, or of early termination pursuant to this Section 18, Contractor shall not be relieved of any <br />liability to Department for damages due to Department by virtue of any breach of this contract by <br />Contractor. Department may withhold payments to Contractor until such time as the exact amount of <br />damages due to Department from Contractor is agreed upon or is otherwise determined. <br />SECTION 19. AUDIT <br />A. Contractor shall arrange for the performance of an annual financial and compliance audit of funds <br />received and performances rendered under this contract, subject to the following conditions and <br />limitations: <br />1. Contractors expending $300,000 or more in Federal financial assistance for any fiscal year <br />ending on or after June 30, 1997, shall have an audit made in accordance with Department's <br />supplemental audit guide, the Single Audit Act Amendments of 1996, 31 U.S.C. 7507, and OMB <br />Circular No. 133 - Revised June 30, 1997, "Audits of States, Local Governments, and Non - Profit <br />Organizations." For purposes of this Section 19, "Federal financial assistance" means assistance <br />provided by a Federal agency in the form of grants, contracts, loans, loan guarantees, property, <br />cooperative agreements, interest subsidies, insurance or direct appropriations, but does not <br />include direct federal cash assistance to individuals. The term includes awards of Federal <br />financial assistance received directly from Federal agencies, or indirectly through other units of <br />State and local government; <br />2. Notwithstanding Section 4(a)(5) and Section 4(a)(6), Contractor shall utilize funds budgeted <br />under this contract to pay for that portion of the cost of such audit services properly allocable to <br />the activities funded by Department under this contract, provided however that Department shall <br />not make payment for the cost of such audit services until Department has received a satisfactory <br />audit report, as determined by Department, from Contractor; <br />3. Contractor shall submit two (2) copies of the report of such audit to Department within thirty <br />(30) days after the completion of the audit, but no later than nine (9) months after the end of the <br />audit period. However, for fiscal years beginning on or before June 30, 1998, the audit shall be <br />Page 8 of 12 <br />
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