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Agenda Package - 07-09-07
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Agenda Package - 07-09-07
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3/26/2009 10:58:06 AM
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1/26/2009 4:25:55 PM
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Admin-Clerk
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Agenda
Committee
Board of Commissioners
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018 <br />determination of whether satisfactory progress has been made shall be in <br />the discretion of-tic COUNTY. <br />If for any reason the payment of grant funds is suspended or terminated, <br />the LCEDC agrees to promptly remit to the COUN'IY all payments <br />previously received by the LCEDC which the COUN"TY deems to have <br />been paid and received in violation of this Agreement. <br />(7) If for any reason the project as described in Exhibits -B-' and "D" shall not <br />satisfy the minimum conditions as set forth in those exhibits, then LCEDC shall seek <br />reimbursement of any deficiency From the party who received the incentives made <br />possible by this grant or appropriation and upon receipt of same shall remit them <br />promptly to the COUNTY. <br />(8) Any and all alterations in the restrictions and conditions upon the grant of <br />funds herein or alterations in the amount of this Budget attached hereto shall be subject to <br />prior review and written approval by the COUNTY. <br />(9) This Agreement and the grant funds which are the subject of this <br />Agreement are expressly non-assignable without the prior written consent and approval of <br />the COUNTY. <br />(10) Non-expendable property purchased under this Agreement shall remain <br />the property of the LCEDC, unless the attached conditions or Budget provide that such <br />property shall become the property of the COUNTY. <br />(11) The attached Exhibits are: <br />a) The Budget; <br />b) Purposes and/or Restrictions/Conditions (including Exhibit D); <br />and <br />C) Report Requirements. <br />With the exception of the amount of the Budget and item (I 1)(b), the <br />County Manager is authorized to approve the Exhibits to the Agreement to <br />the extent not prescribed in the grant appropriation. <br />IN WITNESS WHEREOF, the COUNTY has caused this Agreement to be <br />duly executed in its behalf, and the LCEDC has caused the same to be duly executed in its <br />behalf as of the date first above written. <br />• <br />9 of 27 <br />
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