HopeSouce CDBG-CV-1 Contract - Laserfiche WebLink

Home Browse Search

SPECIAL TERMS AND CONDITIONS INTERAGENCY GRANT AGREEMENT FEDERAL FUNDS 1. DEEINIIIQILS. A. "Contractor" and "Grantee" in this Grant, and the term "subrecipient" found in the federal Community Development Elock Grant (CDBG) rules and regulations, shall mean the same.B. Community Development Block Grant - Coronavirus Response (CDBG-CV) grants are fundecl by the Coronavirus Aid, Relief, and Economic Security (GARES) Act. C. "Low- and moderate-income" shall mean a household income equal to or less than 80 percent of area median income adjusted by family size. D. "Subgrantee/Subconlract" shall mean one not in the employment of the Grantee, who is performing all or part of those services under this Grant under a separate Grant with the Grantee, The terms "subgrantee" and "subcontractors" mean subcontracto(s) in any tier.E. "Subrecipient" shall mean a non-federal entity that expends federal awards received from a pass- through entity to carry out a federal program, but does not include an individual that ls a beneficiary of such a program, lt also excludes vendors that receive federalfunds in exchange for goods and/or services in the course of normal trade or commerce. 2. AU]_I_|SBIIY COMMERCE and Grantee enter into this Grant pursuant to the authority granted by the lnterlocal Cooperation Act, Ghapter 39.34 RCW. 3. AcKNowLE*pqUENr _QF_f"EQEBAL f',UNps Federal Award Date: July'14, 2020 Federal Award ldentification Number (FAIN): B-20-DW-53-000 1 Total amount of the federal award: $7,720,383 Awarding official: John W. Peters, HUD CPD Director The Grantee agrees that any publications (written, visual, or sound) but excluding press releases, newsletters, and issue analyses, issued by the Grantee describing programs or projects funded in whole or in part with federal funds under this Contract, shall contain the following statements: "This project was supported by Grant No. B-20-DW-53-0001 awarded by the U.S. Department of Housing and Urban Development (HUD). Points of view in this document are those of the author and do not necessarily represent the official position or policies of HUD. Grant funds are administered by the Community Development Block Grant Program, Washington State Department of Commerce". 4. AqAUJ$I_O_N,A.UD ptSpOSlTtON OF ASs The Grantee will account for any tangible personal property acquired or improved with lhis Grant. The use and disposition of real property and equipment under this Grant will be in compliance with the requirements of all applicable federal law and regulation, including but not limited to 24 CFR Part 84 and24 CFR Part 570,489,570.502,570.503,570.504, and 570.505 as applicable, which include but are not limited to the following: Real property that was acquired or improved, in whole or in part, with funds under thls Grant in excess of $25,000 shall be used to meet one of the CDBG nalional objectives for ten (10) years after the Grant is closed. Any exception must be made with COMMERCE approvaland the Grantee willbe responsible to pay COMMERCE an amount equal to the current fair market value of the property less any portion of the value attributable to expenditures of non-CDBG funds for acquisition of or improvement to the property. Such payment from the disposition of real property acquired with this Grant withln ten (10) years of closeout of the Grant shall be treated as CDBG Program Income. ln cases in which equipment acquired in whole or in part with funds under this Grant is sold, the proceeds will be CDBG Program lncome. State of Washlnglon Department of Comrnerce lnteragency Grant Agreement Page 1