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2. TERM OF AGREEMENT .' <br /> The effective date of this Agreement is July 1, 1993. The termination date <br /> of this Agreement is December 31, 1994, or at such time as the activity/ies <br /> constituting part of this Agreement are satisfactorily completed prior <br /> thereto. Upon expiration, the Subrecipient shall relinquish to the <br /> Recipient all program funds unexpended or uncommitted and all accounts <br /> receivable attributable to the use of CDBG funds for the activities <br /> described in Exhibit 1. <br /> 3. THIRD PARTY AGREEMENTS <br /> The Subrecipient may subcontract this Agreement and/or the services to be <br /> performed hereunder, whether in whole or in part, only with the prior <br /> consent of the Recipient and only through a written Third Party Agreement <br /> acceptable to the Recipient. The Subrecipient shall not otherwise assign, <br /> transfer, or pledge this Agreement and/or the services to be performed <br /> hereunder, whether in whole or in part, without the prior consent of the <br /> Recipient. <br /> 4. AMENDMENTS TO AGREEMENT <br /> Any material alterations, variations, modifications or waivers of <br /> provisions of this Agreement shall only be valid when reduced to writing as <br /> an Amendment to this Agreement signed, approved and properly executed by <br /> the authorized representatives of the parties. An exception to this <br /> process will be in amending the Statement of Work Exhibit 1 to this <br /> Agreement. <br /> The Statement of Work, attached hereto and incorporated herein as Exhibit <br /> 1, shall be deemed amended to conform to any amendments to the Final <br /> Statement of Community Development Objectives and Projected Use of Funds, <br /> as such amendments occur. <br /> Any amendments to the Statement of Objectives and Projected Use of Funds, <br /> which constitute substantial changes, must be accompanied by documentation <br /> that a local public hearing was conducted and by an authorizing resolution. <br /> Amendments which do not constitute substantial changes may be handled <br /> administratively. Hennepin County Office of Planning and Development staff <br /> may approve administrative amendments provided they are eligible, fundable <br /> and satisfy the Urban Hennepin County Statement of Objectives. <br /> Substantial change is defined as a change in (1) beneficiary; (2) project <br /> location; (3) purpose; or (4) scope, resulting in more than a 50% increase <br /> or decrease in the original budget or $10,000, whichever is greater, in any <br /> authorized activity. The total budget of multi-community activities will <br /> be used in determining substantial change. <br /> • <br /> 2 <br />