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� S.� s1'l`�: i�t. i. k � S.Y.�Fs:i � 3�f � ;*il, � �fE � � <br />2.0$ Effect at Cran#. Issuance of tl�is �rant neither implies a�iy Councii resp���sibrJity for the <br />coniarnination at t}te Sit� nar imposes any obligation on the Co�ncil to par�ici�ate in t�3e cleanu� of <br />the Site contarr�ination ar iE� t]le Clean��p Costs heynnd the Grant Anlouni of tl�is Agreement. <br />Rl. ACCOUNTING, AUD1T Ari'D REPORT REQUIREMENTS <br />3.01 Accounting and Recorcis. T}�e Grailtee agrees to establish and maintain accw'ate and <br />compleie accou��ts anc� records relatin� ca tlle receipt and expenditure of all grant funds receiifed <br />from tlYe Co��ncil. No€withstandi�yg the expiration and terrninatian provisions of Par•agrap�s 5.01 <br />and 5.02, s��ch accounts and reeorcls shall be kept and r�3aintaine� by the Grantee fo�� a pei-iod of six <br />(6j ycars fpllowii�g ti�e completion o!� the Project activities describec� in Attachine.nt A or sir (G) <br />��ears foilo�ving the expenclit�re o#� tl►c grai�t fur7ds, �uhiclle�fer occurs earlie��. Accounting �netll�ds <br />shall be in accordance.�rith ge�i�ral]}' acce�ted accaunting }�riE�ciples. <br />3.02 Audits. 'l�}ie abo��e accaunts ai7c€ recocds a!� ihe Grantee shaik be audited i�� the same i��a�lner <br />as all other accou��ts ar�d records of the Gra��tee are a�fdited and rna}� �e �G�dited or inspected on Chc <br />Grantee's pre�nises or othe��wisc by i��c�ividuafs or orgar�izations desi�r�alec� and autliorized by tlle <br />Coiincil at at�y fimc, fo�lowing reaso��able notifcatioi� Co the Grantee, for a periad oi'six {6) yeai� <br />fol�o���ing the completioit of the Yrojec:t activities nr si.� (6} years fo�lowing tl�e ex�enditirre of the <br />�rant fu�ds, �+rhiehever- occu��s ea3-iie�-. f'u��sua��t to Mi��nesota Statutes section IbC.45, subdi<<isioi� 5, <br />the books, records, doctin�ei�ts and acco��nlin� p:�oced�Eres and practices of the Grar�ree that are <br />relevant to tl�is A�reement are sul�ject to exai��ination �iy the Council and either the l�e�isJative <br />Auditor or the State r�uc�ituC, as appropriale; l-or a j��inim�lm [�f 5ix (b) _yearS. <br />3.U3 Repo�-� EZequire�ner�is. �1'he Grantee will re�orE to tlle COuncil on il�e status of El�e P�•o,ject <br />activities described in Attac�v»ent A a»d the expen�itu�'es of the grant fvnds. S�Eb�»ission of_properly <br />com�letec€ �ayiz�ent 3�e��uest f��rms (with propeT- dociirn���iatior�) 3�equired under Ya�-a�ra��� 2.06 v��ill <br />constitute periodic st�tiis reporis. The Grantec also m��st cornplete and subi�,it to tlie Cnt�ncil a grant <br />acti>>ity cioseout report. The cfoseuu[ eepprt for�r� must tae submitted with t1�e final �ayr-nent requesl <br />#o��m or within 120 days afte€ the expiration ot terminat3an of this Agreement, v��hicl�ever oec��es <br />ear�ier. Within f 20 cla��s afte�' t��e Eapsration Uate, the Grantee ���ust cor�tp]etE a3�d SU�IIlYi i0 !he <br />Cauncil a certificatio�l of expenditures of fiii»ds �ort�i si�»ed by the Gra��tee�s c�7i.ef fi��ar�cial of�icer <br />or 9ir�ance di3-ecto�. T1�e for«� and content of tf�e closeout repor-t and certification for�n� tiviE� be <br />deteril�ined by tl�e Council. ]n addition to the �eriodic status reports; t1�e graE�1 acti�-ity C�OSCOLkI <br />��eport, and the ccrtiFicatioi� for�n, the Grantee, �7iL3SE SUP}3�lll EO lll� Council by A�ri1 1 of tf�e ��ear <br />follo�ving the expiration of t11is A�reerz�ent and b?� Apri1 1 of each af the succeeding three (3} years, <br />a�� annua! .vritten repot� tl�at includes inFonnarion about redevelopment activsties: net tax ca�acity o#� <br />the Site, ac3d jnbs resulEing fi-om Site cleanup, 'E�he for�n a��d cor�tent of t33e annual ���►�itte�� re��ora <br />wiil be deter��ined bv ti�e Council. Tl�e report�ng requir�ei��ents of 1'aragrapl�s 3.03 and 3.04 shall <br />survive the ex�iE�ation oY• termina�ion of this Agreement. <br />3.04 Cerlif�cate of Com�letion. Upoi3 completion oithe Site cleantip; the Grantee �t�ill provide to <br />C11e Council: <br />{a) �'or hazardous ��aste or substance contamination, a capy of a certificate af completior� for the <br />Site Essued by the Mi�inesota Pollution Control llgency pursuant to �Iinnesota Stati�tes section <br />I 15[3.175, or a letier from �he Agency indicatirrg that ihe approve� vol�ntary respor�se action <br />�iat� foE� the Si�e has been implen�ented to the saiisfactian af the Agei�cy and that t1�e Agei3cy is <br />1'age � o f] 0 I'ages � <br />