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application may be terminated at the sole discretion of the <br />AUTHORITY upon 30 days written notice to the AGENCY. <br />4. ADMINISTRATION <br />A. The AGENCY shall appoint a liaison person who shall be <br />responsible for the overall administration of block grant <br />funded project(s) and coordination with the AUTHORITY. The <br />AGENCY shall also designate one or more representatives who <br />shall be authorized to sign the monthly Voucher and Reporting <br />Form. The names of the liaison persons and representatives <br />shall be specified in the exhibits. <br />B. For all agencies which are presently parties to Joint <br />Cooperation Agreements with the AUTHORITY covering planning, <br />distribution of funds, and program execution under the Act, <br />the AGENCY remains subject to the provisions of such <br />agreement. <br />5. COMPENSATION AND METHOD OF PAYMENT <br />A. The AUTHORITY shall reimburse the AGENCY for the services <br />specified in the exhibits in an amount not to exceed $25,000. <br />Reimbursement shall be based on a Community Development <br />Voucher and Reporting Form submitted with supporting <br />documents and signed by the AGENCY's authorized <br />representative. <br />B. The AGENCY shall submit a properly executed Voucher and <br />Reporting Form no later than fifteen (15) working days after <br />the close of each billing period. The AUTHORITY will make <br />payment to the AGENCY not more than twenty -one (21) working <br />days after said invoice is received and approved by the <br />AUTHORITY. The AUTHORITY will issue a statement of <br />correction voucher in the event that the voucher request is <br />erroneous. Payment does not constitute absolute approval. <br />6. OPERATING BUDGET <br />The AGENCY shall apply the funds received from the AUTHORITY <br />under this Agreement in accordance with the requirements of the <br />exhibit(s) attached hereto. <br />7. FUNDING ALTERNATIVES AND FUTURE SUPPORT <br />A. The AGENCY shall report all project income generated under <br />this Agreement or generated through the project(s) funded <br />under this Agreement. All project income must be returned to <br />the AUTHORITY unless prior written agreement to the contrary <br />is obtained. Any project income retained by the AGENCY shall <br />be for the sole purpose of future use for eligible CDBG <br />activities consistent with the scope and purpose of this <br />project as set forth in this Agreement and the attached <br />exhibits. Project income retained by the AGENCY shall be <br />applied in accordance with federal requirements. <br />-3- Page 21 <br />