Agenda - Council - 08/26/1986 - Laserfiche WebLink

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-5- D. Municipality and County shall maintain financial and other records and accounts in accordance with requirements of the Act and Regulations. Such records and accounts will be in such form as to permit reports required of the County to be prepared therefrom and to permit the tracing of grant funds and program income to final expenditure. E. Municipality and County agree to make available all records and accounts with respect to matters covered by this Agreement at all reasonable times to their respective personnel and duly authorized federal officials. Such records shall be retained as provided by law, but in no event for a period of less than three years from the date of completion of any activity funded under the Act or less than three years from the last receipt of program income resulting.from activity implementation. County shall perform all audits of the basic grant amounts and resulting program income as required under the Act and R egulations. F. The parties mutually agree to take all required actions to comply with the provisions of the National Environmental Policy Act of 1969, Title VI of the Civil Rights Act of 1964, Title VIII of the Civil Rights Act of 1968, Executive Order 11988, Sections 104(b) and 109 of Title I of the Housing and Community Development Act of 1'974 and with all other applicable requirements of the Act and the Regulations in the use of basic grant amounts. Nothing in this Article shall be construed to lessen or abrogate County's responsibility to assume all obligations of an applicant under the Act, including the development of applications pursuant to 24 CRF 570 et seq. .G. All program income from activities funded in total or part from the basic grant amount received by Municipality shall be held by County and/or disbursed according to the County policy established by the County Board of Commissioners in Board Resolution No. 86-70 adopted August 12, 1986. The disposition of excess grant funds shall be in accordance with County policy established by the County Board of Commissioners in Resolution No. 86-71 adopted August 12, 1986. All funds received by the County shall be deposited in the County Treasury.