2008_0728_packet - Laserfiche WebLink

Home

e-4 f """K.) N T i� NX Ai K 2.08 Effect of Grant. Issuance of this grant neither implies any Council responsibility for the contamination at the Site nor imposes any oblipation. on the Council to participate in the cleanup of the Site contamination or in the Cleanup Costs beyond the Grant Amount of this Agreement. HL ACCOUNTING1 AUDIT AND REPORT REQUIRE ME NTS ing an - establish and maintain accurate and 3.01 Account" d Recordsl. The Grantee, agrees to cornpletle accounts and records relating to the receipt and expenditure of all grant funds received frorn the Council. Notwithstandincy the expiration and termination provisions of Paragraphs 5.01 and 5.02,, such accounts and records shall be kept and maintained by the Grantee for a period of six. 1(6) years, following the completion of the Project activities described in Attachment A or six (6) years foill,olwing the expenditUre of the grant funds, whichever occurs earlier. Accounting niethods shall be in accordance with generally accepted accountin principles. nciples. 31.012 Audits. The above accounts and records of the Grantee shall. be audited in the same manner as all other, accounts c-u-id records of the Grantee are audited and. 11-tay be audited or inspected on the Grantee's premises or otherwise by individuals or organizations designated and authorized by the Council at any tirnet following reasonable notification to the Grantee, f a period of six (6) years following the completion of' the Project activities or six (6) years following the expenditure of the subdivision grant funds,- whichever OCCUrs, carlier. Pursuant to Minnesota Statutes section 16C.0511, the books'. records, documents and accounting procedures and practices of the Grantee that are relevant to this Agreement are -subject to examination by the Council and either the Legislative t� Auditor or the State Auditor, as appropriate, -fora ininimum of six (6) years. 3.0 eport e irem.ents* The Grantee will rep or ou t, to the Cncil on the status of the Project 3 R Riqu activities described in Attacl-mient, A and the expenditures of the grant funds. Submission of property completed payment. request forms (with proper docurnentation) reqUiredUD,dev Paragraph 2.06 will constitute periodic status, reports, The Grantee. also n ust, complete and subnil't to the Counci I a grant activity closeout report. The closeout report form must be submitted Nvith the final payment request form or within 120, days after the expiration or termination of this Agreement, whichever occurs earlier. Within 120 days after the Expiration Date, the Grantee must complete and submit to the C H a certification of expenditures of funds form signed by the Grantee's chief` financial officer OUnci Z:) or finance director. The form, and content. of the clioseout report and certification form will be determined by the Council. In addition to the periodic statues reports, the grant activity closeout report, and the certification form, the Grantee must submit to t11C Council by April I of the year following the expiration of this Agreement and by April I of each. of the succeeding three (3) years,. an annual. written report that includes Information about, redevelopment activities'.) net, tax capacity of the Site, and jobs resulting frorn Site cleanup. The forn'i and content of the annual written report g 3.03 3 Will be determined by the Council. The reporting requirements of Para raphs and .04 shall sul-Vive the expiration or termination of this Agreement. Z7) I f the Site cleanup, the ra Gntee will provide to 3.,04 Certificat fie of Completion. Upon completion o the Council: (a) For ha zardous �*vaste or substance contamination, a copy, of a certificate of completion for the Site issued, by the Minnesota Pollution Control Agency pursuant to Minnesota Statutes section 1 1, .1. e Agency indicating that, the approved voluntary response action 5B,, or a letter rn plan for the Site has been implemented to the satisfaction of the Agency and that the Agency is Page 5 oO �O Pages,