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1999 - 11-15-99 Regular Meeting
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1999 - 11-15-99 Regular Meeting
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2/26/2009 3:53:23 PM
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2/26/2009 3:52:07 PM
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Admin-Clerk
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Minutes
Committee
Board of Commissioners
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BUNK 17 rIcF 9:y <br />• In addition, the COUNTY may suspend or terminate payment of grant <br />funds if the LCEDC fails to make satisfactory progress towards meeting <br />the project services which are the subject of this Agreement, and the <br />determination of whether satisfactory progress has been made shall be in <br />the discretion of the COUNTY. <br />If for any reason the payment of grant funds is suspended or terminated, <br />the LCEDC agrees to promptly remit to the COUNTY all payments <br />previously received by the LCEDC which the COUNTY 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 possible <br />by this grant or appropriation and upon receipt of same shall remit them promptly to the <br />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 the <br />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 />c) Report Requirements; and <br />d) Description of Project and Incentives. <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 />3 <br />
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