RES 034 Draft 01 2012-2014 - Laserfiche WebLink

Home

Form RD 3570-3 Page 3 H.Use the real property including land,improvements,structures,and appurtenances thereto,for authorized purposes of the grant as long as needed; 1.Title to real property shall vest in the Grantee subject to the condition that the Grantee shall use the real property for the authorized purpose of the original grant as long as needed. 2.The Grantee shall obtain Grantor's approval to use the real property in other projects when the Grantee determines that the property is no longer needed for the original grant purposes. Use in other projects shall be limited to those under other Federal rant 9 programs or programs that have purposes consistent with those authorized for support by the Grantor. 3.When the real property is no longer needed,as provided in paragraphs 1 and 2 above,the Grantee shall request disposition instructions from the Grantor.The Grantor will observe the following rules in the disposition instructions: (a)The Grantee may be permitted to retain title after it compensates the Federal govern- ment in an amount computed by applying the Federal percentage of participation in the cost of the original Project to the fair market value of the property; (b)The Grantee may be directed to sell the property under guidelines provided by the Grantor and pay the Federal government an amount computed by applying the Federal percentage of participation in the cost of the original Project to the proceeds from sale(after deducting actual and reasonable selling and fix-up expenses, if any,from the sales pro- ceeds).When the Grantee is authorized or required to sell the property,proper sales proce- dures shall be established that provide for competition to the extent practicable and result in the highest possible return; (c)The Grantee may be directed to transfer title to the property to the Federal government provided that in such cases the Grantee shall be entitled to compensation computed by applying the Grantee's percentage of participation in the cost of the program or Project to the current fair market value of the property; This Grant Agreement covers the following described real property(use continuation sheets as neces- sary). N/A I.Abide by the following conditions pertaining to equipment which is furnished by the Grantor or acquired wholly or in part with Grant Funds.Equipment means tangible,non-expendable personal property having a useful life of more than one year and an acquisition cost of$5,000 or more per unit.A Grantee may use its own definition of equipment provided that such definition would at least include all equipment as defined below: 1. Use of equipment. (a)The Grantee shall use the equipment in the Project for which it was acquired as long as needed.When no longer needed for the original project,the Grantee shall use the equip- ment in connection with its other federally sponsored activities, if any,in the following order of priority: (i)Activities sponsored by the Grantor. ri)Activities sponsored by other Federal agencies.