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» A control system must be developed to ensure adequate safeguards to prevent loss, damage, or theft of equipment. Any loss, damage, or theft shall be investigated. : * Adequate maintenance procedures must be developed to keep the equipment in good condition. e Inthe event the Owner sells the equipment during the maintenance period, they will be responsible for repaying the grant funding received. Repaid funds will be returned to HTFC or used by the LPA to fund other eligible commercial and business type projects located intheservice area. 6. Contract Monitoring & Closeout Once all contract activities are complete, the LPA will notify HTFC staff. [fa monitoring review identifies findings or concerns, the LPA must provide documentation within the stated time period that issues have been corrected. Contract Closeout documents must be returned promptly. and any remaining funds will. be deobligated. 7. Program Compliance 7. a. Conditions Housing Trust Fund Corporation reserves the right to change or disalow aspects of the application and may make such changes conditions of its commitment to provide-fundingto a project or program, The LPA will address any- additional requirements or conditions of approval. 7. b. Covenants of the Recipient The LPA will comply with all applicable statues, guidelines, regulations, policies and procedures of the program. Any defect or departure from. the approved Administrative Plan must be requested and approved in writing. The LPA must refer to the Grant Agreement and associated. schedule(s) for a summary of the awarded programa activities, budget and projected accomplishments. 20250577— New York Forward (NYF) Schedule B Page 9 of 9