CC PACKET 04131999 - Laserfiche WebLink

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During the Grant Period, the Grantee bears the risk of loss o� damage to, or destruction of any personal property acquired with grantor matching funds. No such loss, damage, or destruction . shall relieve the Grantee of its obligations under this agreement. The Grantee agrees to maintain personal property acquired with grant or matching funds in good operating order. If, during the Project Activity Period, any Grant Study personal property is not used in performing the Grant Study, whether by planned withdrawal, misuse, or casualty loss, the Grantee shall.immediately notify the Council's Grant Manager. -Unless otherwise approved by the Council's Grant Manager, the Grantee shall remit to the Council a proportional amount of the fair market value of the item(s), if any, determined on the basis of the proportion of Council grant funds used to acquire the item(s). 7.11 Effect of Grant Study Closeout. The Grantee agrees that Grant Study closeout does not invalidate continuing obligations imposed on the Grantee by this agreement. Grant Study closeout does not alter the Council's authority to disallow costs and recover funds on the basis of a later audit or other review, and does not alter the Grantee's obligation to return:any funds due to the Council as a result of later refunds, corrections, or other transactions. IN WITNESS WHEREOF,the parties have caused this agreement to be executed by their duly authorized officers on.the dates set forth below. This agreement is effective upon final execution by, and delivery to, both parties. GRANTEE: CITY OF SAINT ANTHONY Date By Name Title METROPOLITAN COUNCIL Date By James J. Solem Regional Administrator Approved as to form: Metropolitan Council _ . Office of General Counsel File Name: ii_gnt#I Revision:125 -7-