2010-121 RES APPROVING AN AGREEMENT WITH PARIS LIVING FOR ADMINISTRATION OF THE HOMEBUYER ASSISTANCE PROGRAM

Home Browse Search

Parties agreement to any amendment, revision or change to this contract. If any Party returns this copy by facsimile machine or electronically, the signing party intends the copy of its authorized signature printed by the receiving machine, or the electronic copy, to be its ariginal signature. B. It is understood and agreed by the Parties hereto that performance of all activities under this contract must be rendered in accordance with the Act, the state and federal regulations promulgated under the Act, the assurances and certifications made to Department by Administrator, and the assurances and certifications made to the United States Department of Housing and Urban Development by the State of Texas with regard to the operation of the HOME Program. Further, the Department may issue guidance which serves to interpret or clarify the performance requirements under this contract. C. Any changes, additions, or deletions to the terms of this contract which are required by changes in federal or state law, or regulations, are automatically incorporated into this contract without the requirement of a written amendment hereto, and shall become effective on the date designated by such law or regulation. D. Ainendment requests must be submitted in writing by Administrator ninety days prior to this contract's termination date, as specified in Section 1. SECTION 16. SUSPENSION In the event Administrator fails to comply with any term of this contract, Department may, upon written notification to Administrator, suspend this contract in whole or in part, withhold filrther disbursements to Administrator, and prohibit Administrator froin incurring additional obligations for funds under this contract. Administratar acknowledges that it does not have a right to suspension as a pre-requisite to termination. SECTION 17. TERMINATION A. Department may terminate tlus contract in whole or in part, in accordance with tllis section. In the event Administratar fails to comply, in Department's sole discretion and judgment, with any ternz of this contract, or any terni stated in a federal statute or regulation, or with any assurance given to Department by Administrator, ar with any term in a state plan, ar with Administrator's application, the notice of award, or elsewhere Departineilt tnay take any of the following actions: 1. Temporarily withhold disbursements pending correction of the deficiency by Administrator; 2. disallow all or part of the cost of the activity or action not in comp(iance; 3. suspend this contract upon written notification to Administrator of the deficiency and the period within which Administrator must comply; 4. accept Administrator's faihire to comply or correct any deficiency within the time period set forth in any written notice of suspeilsion as evidence of Administrator's inability to perforni imder the terms of this contract, Administrator's intent to terminate this contract and Administrator's agreement to surrender all rights to remaining funds; HOVfE Contract # 1001224 Pa;e 9 of 21