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F'� yF `w t -'v h f ,pf y tty 5, A under Minnesota Statutes section 1 1 7.01.2_ subdivision. 3) or 2006 Minnesota Laws chapter 214, section 22, clauses (b) through e). (b) If a notice of petition was served on or after- May 20, 2006 in connection with the Grantee's Project or any component of the Project) for which grant Binds were awarded, tb.e grant funds may not be used to fund or support the Project unless the Project qualifites for an exemption tinder Minnesota Statutes section 117.012, subdivision 3 or 2006 Knnesota Laws chapter 214, section 22, clauses b) through (e). 2.06 Loss of Grant Funds. The Grantee agrees to remit to the council in a prompt manner: any unspent grant funds, including any grant funds that are not expended prior to the Expiration Date identi-fied at Page 1 of this r eern.ent; any grant Funds that are not used for the authorized purposes; and any interest earnings described in Paragraph 2.08 that are not used for the pill-poses of i,rnplernenting the Project activities described in Attachment A. For the purposes of this Agreement., grant funds are "e xpend ed' � prior to the lax p i- ration Date if the Grantee pays or is obligated to pay for expenses of eligible Project activities that occurred prior to the Expiration Date and the eligible expenses were incurred prior to the Expiration Date. Unspent or unused grant funds and other funds r'emi.tted to the Council shall revert to the ouncil's Livable Communities Demonstration Account -for distribution through. application processes in future Funding Cycles. 2.07 Payment Request nest .Forms and Disbursements. The Council will disburse grant funds in response to written payment requests submitted by the Grantee and reviewed and approved by the Councils authorized agent. written payment requests shall be made using payment request forms, the form and content of which will be determined by the Council. Payment request and other; reporting forms are available online at: http://www.metrocouncil.org/services/livcomm/LCAresources.htm, The Council will disbOrse grant Binds on a relm,bursel -rent basis or a `cost incurred "" basis. The Grantee must provide with its written payment requests documen- tation that shows grant - funded Project activities actually have been completed. Disbursements prior to the perform -ante of a grant - funded Project activity will be subject to terns and conditions mutually agreed to by the council's authorized agent and the Grantee. Subject to verification of each payment request form (arid its documentation) and approval for consistency with this Agreement; the Council will disburse a requested amount to the Grantee within two (2) weeks after receipt of a properly completed payment. request -form. 2.08 interest Earnings. If the Grantee earns any interest or other income from the grant funds received from the Council under this Agreement, the Grantee will use the interest earnings or income only for the purposes of implementing the Pr of ect activities described In Attachment A, 2.09 Effect of Grant. Issuance of this grant neither implies any Council responsibility for contamination, if any, at the Pr,oj ect site nor imposes any obligation on the Council to participate in any pollution ctea.mlp of the Project site if sUch cleanup is undertaken or required. Ill. ACCOUNTING, AUDIT AND REPORT T E UIREME T 3.01 Accounting and Records. The Grantee agrees to establish and maintain accurate and complete accounts and records relating to the receipt and expenditure of all grant Bands received Page 4 of'9 Pages ff