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D.Use and Reversion of Assets <br />The use and disposition of real property and equipment under this Agreement will be in <br />compliance with the requirements of Z-Cfn ZOO.:1 1 and 313,24 CFR 570'5 02' 570'503 ' <br />510.'504,as applicable, <br />^which <br />include but are not limited to the following: <br />1. The Subrecipient will transfer to the Local Government any CDBG funds on hand and <br />any accounts receivable attributable to the use of funds under this Agreement atthe time <br />of expiration, cancellation, or termination' <br />2. Real property under the subrecipient's conffol that was acquired or improved' in whole <br />o, in puri, *ith fund, under this Agreement in excess of $25,000 will be used to meet one <br />of the CDBG National objectives pursuant to 24 CFR 570.208 until ten (10) years after <br />the contract between COMMERCE and the Local Government is closed' If the <br />Subrecipient fails to use cDBG-assisted real property in a manner that meets a GDBG <br />l^iational objective for this lO-year period of time, the Subrecipient will pay the Local <br />Government an amount equal io tt're current fair market value of the property less any <br />portion of the value attributable to expenditures of non-CDBG funds for acquisitiorr of' or <br />improvement to, the property after thl CDBG program's approval- Such payment will <br />constitute program income to the Local Government. The Subrecipient may retain real <br />property ucquired or improved under this Agreement after the expiration of the ten-year <br />period. <br />In cases in which equipment acquired, in whole or in part, with funds under this <br />Agreement is sold, th. pro...ds^will be program ilcome, Equipment not needed by the <br />Sribrecipient for activities under this Agieement will be (a) transferred to the Local <br />Government for cpBG-eligible activities as approved by the CDBG program or (b) <br />retained after compensating the Local Government' <br />J <br />l0 <br />A. Civil ishts <br />Title VI of the Civil Rights Act of 1964: <br />UnderTitleVIortr,Ftrugnt'Actofl964,noperSonwill,onthegroundsofrace,color, <br />creed, religion, sex or national origin, be excluded from participation in, be denied the <br />benefits of, or be subjected to disciimination under any program or activity receiving federal <br />financial assistance. <br />section 109 of the Housing and communitv Development Act of 1974' <br />N" p.""" - tl* Urrlt"d St-_--ut.t *ill on the grounds of race,-color, creed, religion' sex or <br />national origin be excluded from participation in, be- denied benefits of, or be subjected to <br />discrimination under any program o, u.iiuity funded in whole or in part with funds made <br />Agreement 2023'2024 CDBG-SR <br />Page 8 of 13 <br />available under this title.