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10. -DISPOSITION OF REAL PROPERTY <br />The provisions of this section set forth the standards which shall apply to <br />real property acquired or improved in whole or in part using CDBG funds that <br />are within the control of CITY.. Prior to any modification or change in the <br />use of real property from the use or ownership planned :at the time of its <br />acquisition or improvements, CITY shall notify COUNTY and obtain authorization <br />for such modification or change. CITY shall reimburse COUNTY with non-CDBG <br />funds in an amount equal to the current fair market value (less any portion <br />thereof attributable to expenditures of non-CDBG funds) of property, acquired <br />or improved with CDBG funds that is sold or transferred for a use which does <br />not qualify under CDBG regulations. <br />11. EFFECTIVE DATE <br />This Agreement shall be effective for all purposes when this Agreement and all <br />related agreements have been executed by COUNTY and CITY, properly submitted <br />to HUD by the designated deadline, and approved by HUD. <br />12. OTHER AGREEMENTS <br />Pursuant to federal regulations at 24 CFR 570.501(b), CITY is subject to the <br />requirements applicable to subrecipients, including the requirement of the <br />written agreement set forth in federal regulations at 24 CFR 570.503. COUNTY <br />and CITY will ,enter into a further written agreement that contains these <br />minimum requirements. Prior to disbursing any CDBG funds to CITY, COUNTY <br />shall execute said written agreement with CITY. Said agreement shall remain <br />in effect during any period that CITY has control over CDBG funds, including <br />program income. <br />4 <br />