2006-09-27 CC Packet - Laserfiche WebLink

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In addition, if all of the Grant has not been disbursed on or before the date that is 5 years from the effective date of this Agreement, or such later date as the Public Entity and the State Entity may agree to in writing, then the State Entity's obligation to continue to fund the Grant shall terminate, and, in such event, (y) if none of the Grant has been disbursed by such date then the State Entity's obligation to fund any portion of the Grant shall terminate and this Agreement shall also terminate and no longer be of any force or effect, and (z) if some but not all of the Grant has been disbursed by such date then the State Entity shall have no further obligation to provide any additional funding under the Grant and this Agreement shall remain if full force and effect but shall be modified and amended to reflect the amount of the Grant that was actually disbursed as of such date. This Agreement shall also tenninate and no longer be of any force or effect upon (a) the termination of the Public Entity's leasehold or easement interest in the Real Property in accordance with the terms of such lease or easement, or (b) the sale of the Public Entity's interest in the Real Propeliy and, if applicable, the Facility in accordance with the provisions contained in Section 3.03 and transmittal of all or a portion of the proceeds of such sale to the Commissioner of Finance in compliance with the provisions contained in Section 3.04. Upon such termination the State Entity shall execute and deliver to the Public Entity such documents as are required to release the Real Property and, if applicable, the Facility, from the effect of the Declaration. In the event that the legislation that authorized the Grant is amended to increase or reduce the amount of the Grant or in any other way, then this Agreement shall be deemed to have been automatically modified in accordance with such amendment and the amount of the Grant shall also be automatically modified in accordance with such amendment. Section 2.09 Effect of Event of Default. If an Event of Default occurs and the Public Entity is required to and does return the amount specified in Section 2.06.B to the Commissioner of Finance, then the following shall occur. A. This Agreement shall survive and remain in full force and effect. B. The amount returned by the Public Entity shall be credited against any amount that shall be due to the Commissioner of Finance under Section 3.04 and against any amount that becomes due and payable because of any other Event of Default. Article III USE CONTRACTS AND SALE Section 3.01 Use Contracts. Each and every Use Contract that the Public Entity enters into !TIust comply with the following requirements: A. The purpose for which the Use Contract was entered into must be a . governmental purpose. B. It must contain a provision setting forth the statutory authority under which the Public Entity is entering the Use Contract, and must comply with the substantive and procedural provisions of such statute. City of Centerville City Park 9/1112006 11 3/