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2. TERM OF AGREEMENT <br /> The effective date of this Agreement is July 1, 1994. The termination date of this , <br /> Agreement is December 31, 1995, or at such time as the activity/ies.constituting part <br /> of this Agreement are satisfactorily completed prior thereto. Upon expiration, the <br /> Subrecipient shall relinquish to the Recipient all program funds unexpended or <br /> uncommitted and all accounts receivable attributable to the use of CDBG funds for the <br /> activities described in Exhibit 1, as may be amended. <br /> 3. THIRD PARTY AGREEMENTS <br /> The Subrecipient may subcontract this Agreement and/or the services to be performed <br /> hereunder, whether in whole or in part, only with the prior consent of the Recipient and <br /> only through a written Third Party Agreement acceptable to the Recipient. The <br /> Subrecipient shall not otherwise assign, transfer, or pledge this Agreement and/or the <br /> services to be performed hereunder, whether in whole or in part, without the prior <br /> consent of the Recipient. <br /> 4. AMENDMENTS TO AGREEMENT <br /> Any material alterations, variations, modifications or waivers of provisions of this <br /> Agreement shall only be valid when reduced to writing as an Amendment to this <br /> Agreement signed, approved and properly.executed by the authorized representatives <br /> of the parties. An exception to this process will be in amending Exhibit 1 to this <br /> Agreement. <br /> Exhibit 1, shall be deemed amended to conform to any amendments to the Final • <br /> Statement of Community Development Objectives and Projected Use of Funds, as such <br /> amendments occur. <br /> Any amendments to the Statement of Objectives and Projected Use of Funds,-which <br /> constitute substantial changes, must be accompanied by documentation that a local <br /> public hearing was conducted and by an authorizing resolution. Amendments which do <br /> not constitute substantial changes may be handled administratively. Hennepin County <br /> Office of Planning and Development staff may approve administrative amendments <br /> provided they are eligible, fundable and satisfy the Urban Hennepin County Statement <br /> of Objectives. <br /> Substantial change is defined as a change in (1) beneficiary; (2) project location; (3) <br /> purpose; or (4) scope, (more than a 50% increase or decrease in the original budget or <br /> $10,000, whichever is greater), in any authorized activity. The total budget of multi- <br /> community activities will be used in determining substantial change. <br /> 2 • <br />