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3 <br />the project shall occur prior to the notice to proceed without written approval from the <br />AUTHORITY. Termination dates for individual projects shall be specified in the <br />appropriate exhibits. The termination date may be changed through amendment of this <br />Agreement. In general, a project is expected to be completed within 24 months from the <br />date which the Agreement is executed. Projects which do not show substantial progress <br />within the timespan specified in the application may be terminated at the sole discretion of <br />the AUTHORITY upon 30 days written notice to the GRANTEE. <br /> <br />4. ADMINISTRATION <br /> <br /> A. The GRANTEE shall appoint a liaison person who shall be responsible for the overall <br />administration of block grant funded project(s) and coordination with the <br />AUTHORITY. The GRANTEE shall also designate one or more representatives who <br />shall be authorized to sign the monthly Voucher and Reporting Form. The names of <br />the liaison persons and representatives shall be specified in the exhibits. <br /> <br /> B. For all agencies which are presently parties to Joint Cooperation Agreements with the <br />AUTHORITY covering planning, distribution of funds, and program execution under <br />the Act, the GRANTEE remains subject to the provisions of such agreement. <br /> <br />5. COMPENSATION AND METHOD OF PAYMENT <br /> <br /> A. The AUTHORITY shall reimburse the GRANTEE for the work or services specified <br />in the exhibits in an amount not to exceed $175,000.00. Reimbursement shall be <br />based on a Community Development Voucher and Reporting Form submitted with <br />supporting documents and signed by the GRANTEE's authorized representative. <br /> <br /> B. The GRANTEE shall submit a properly executed Voucher and Reporting Form no <br />later than fifteen (15) working days after the close of each billing period. The <br />AUTHORITY will make payment to the GRANTEE not more than twenty-one (21) <br />working days after said invoice is received and approved by the AUTHORITY. The <br />AUTHORITY will issue a statement of correction voucher in the event that the <br />voucher request is erroneous. Payment does not constitute absolute approval. <br /> <br />6. OPERATING BUDGET <br /> <br /> The GRANTEE shall apply the funds received from the AUTHORITY under this <br />Agreement in accordance with the requirements of the exhibit(s) attached hereto. <br /> <br />7. FUNDING ALTERNATIVES AND FUTURE SUPPORT <br /> <br /> A. The GRANTEE shall report all Program Income generated under this Agreement or <br />generated through the project(s) funded under this Agreement. In the event the <br />GRANTEE receives any Program Income it shall, in the sole discretion of, and at the <br />direction of at the AUTHORITY, either utilize it solely for the purposes set forth in <br />this Agreement or return it to the AUTHORITY. At the end of the program year the