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1998 - 04-07-98 Special Meeting
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1998 - 04-07-98 Special Meeting
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Admin-Clerk
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Minutes
Committee
Board of Commissioners
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CX'i <br />C) Submission to the COUNTY of reports which are incorrect or <br />incomplete in any material respects; <br />d) Frustration or impossibility of performance, rendering the carrying <br />out of this Agreement improper or unfeasible. <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 />Agrec :rent are expressly non-assignable without the prior w:ittc. consent aad 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 />and <br />C) Report Requirements. <br />n <br />3 <br />
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