CC PACKET 07261994 - Laserfiche WebLink

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5. PAYMENT OF CDBG FUNDS • The Recipient agrees to provide' the Subrecipient with CDBG funds not to exceed the Hennepin County authorized budget to enable the Subrecipient to carry out its CDBG- eligible activity/ies as described in Exhibit 1 . It is understood that the Recipient shall be held accountable to HUD for the lawful expenditure of CDBG funds under this Agreement. The Recipient shall therefore make no payment of CDBG funds to the Subrecipient and draw no funds from HUD/U.S. Treasury on behalf of a Subrecipient activity/ies, prior to having received a proper Hennepin County Warrant Request form from the Subrecipient for the expenses incurred, as well as copies of all documents and records needed to ensure that the Subrecipient has complied with the appropriate regulations and requirements. 6. INDEMNITY AND INSURANCE A. The Subrecipient does hereby agree to release, indemnify, and hold harmless the Recipient from and against all costs, expenses, claims, suits or judgments arising from or growing out of any injuries, loss or damage sustained by any person or corporation, including employees of Subrecipient and property of Subrecipient, which are caused by or sustained in connection with the tasks carried out by the Subrecipient under this Agreement. B. The Subrecipient does further agree that in order to protect itself as well as the Recipient under the indemnity agreement provisions hereinabove set forth it will at all times during the term of this Agreement and any renewal thereof, have and • keep in force: a single limit or combined limit or excess umbrella commercial and general liability insurance policy of an amount of not less than $1 million for property damage arising from one occurrence, $1 million for damages arising from death and/or total bodily injuries arising from one occurrence, and.$1 million for total personal injuries arising from one occurrence. Such policy shall also include contractual liability coverage protecting- the Recipient, its officers, agents and employees by a certificate acknowledging this Agreement between the Subrecipient and the Recipient. C. The Subrecipient's liability, however, shall be governed by the provisions of Minnesota Statutes Chapter 466. 7. CONFLICT OF INTEREST A. In the procurement of supplies, equipment, construction, and services by the Subrecipient, the conflict of interest provisions in 24 CFR 85.36 and OMB Circular A-1 10 shall apply. B. ' In all other cases, the provisions of 24 CFR 570.611 shall apply. • 3