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6. Cancellation of Agreement. This Agreement may be canceled by the HRA or <br /> Administrator at any time, with or without cause, upon thirty (30) days written notice to <br /> other party. In the event of such a cancellation, the Administrator shall be entitled to <br /> administrative fee payment,determined on a pro-rata basis,for work or services performed. <br /> 7. Term of Agreement. This Agreement shall be effective as of the date first written above <br /> and shall remain in effect until December 31,2017,unless sooner terminated due to project <br /> completion or in accordance with the provisions contained herein. <br /> 8. Record Keeping and Reporting.The Administrator shall supply such records and receipts <br /> as are necessary for the HRA to verify complete and total compliance with the Program. <br /> The Administrator shall retain all records in connection with each project and will forward <br /> applicable files to the HRA for each project to set up loan payment schedule. <br /> Pursuant to Minnesota Statutes § I 6C.05, Subd. 5,the Administrator agrees that the books, <br /> records,documents,and accounting procedures and practices of the Administrator that are <br /> relevant to or arise as a result of the Administrator's performance under this Agreement, <br /> are subject to examination by the HRA and the state auditor or legislative auditor for a <br /> minimum of six years. The Administrator shall maintain such records for a minimum of <br /> six years after final payment. <br /> 9. Data Practices. The Administrator agrees, with respect to any data that is possesses <br /> regarding the Program, to comply with all of the provisions and restrictions contained in <br /> the Minnesota Government Data Practices Act (Minn. Stat. Ch. 13). <br /> 10. Liability.The Administrator and the HRA agree that they will be responsible for their own <br /> acts and omissions and the results thereof to the extent authorized by law, and they shall <br /> not be responsible for the acts and omissions of the other party and the results thereof. <br /> Nothing in this Agreement shall constitute a waiver or limitation of any immunity or <br /> limitation on liability to which the HRA is entitled. The parties agree that these <br /> indemnification obligations will survive the completion or termination of this Agreement. <br /> 11. Relationship of the Parties. The Administrator is an independent contractor. Nothing <br /> contained in this Agreement is intended or should be construed in any manner as creating <br /> or establishing the relationship of co-partners or a joint venture between the parties hereto, <br /> nor shall the Administrator be considered or deemed to be an employee of the HRA in the <br /> performance of this Agreement. The Administrator' duties will be performed with the <br /> understanding that Administrator has special expertise as to the services which the <br /> Administrator is to perform and is customarily engaged in the independent performance of <br /> the same or similar services for others. <br /> 12. Compliance with Laws. The Administrator shall exercise due professional care to comply <br /> with applicable federal, state and local laws, rules, ordinances and regulations in effect as <br /> of the date of this Agreement. <br /> 3 <br />