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leases, permits, licenses, and similar agreements entered into by the Sponsor <br /> With other parties: (a) for the subsequent transfer of real property acquired <br /> or improved with Federal financial assistance under this Project and (b) for <br /> the construction or use of or access to space on, over, or under real property <br /> acquired or improved with Federal financial assistance under this Project. <br /> 7. This assurance obligates the Sponsor for the period during which <br /> Federal financial assistance is extended to the program, except where the <br /> Federal financial assistance is to provide, or is in the form of personal <br /> property or real property or interest therein or structures or improvements <br /> thereon, in which case the assurance obligates the sponsor or any transferee <br /> for the longer of the following periods: (a) the period during which the <br /> property is used for a purpose for which Federal financial assistance is . <br /> extended, or for another purpose involving the provision of similar services <br /> or benefits or (b) the period during which the Sponsor retains ownership or <br /> possession of the property. <br /> 8. It will provide for such methods of administration for the program <br /> as are found by the Secretary of Transportation or the official to whom he <br /> delegates specific authority to give reasonable guarantee that it, other <br /> sponsors, subgrantees, contractors, subcontractors, transferees, successors <br /> in interest, and other participants of Federal financial assistance under <br /> such program will comply with all requirements imposed or pursuant to the <br /> Act, the Regulations, and this assurance. <br /> 9. It agrees that the United States has a right to seek judicial <br /> enforcement with regard to any matter arising under the Act, the Regulations, <br /> and this assurance. <br /> THIS ASSURANCE is given in consideration of and for the purpose of obtaining <br /> Federal financial assistance for this Project and is binding on its contractors, <br /> the sponsor, subcontractors, transferees, successors in interest and other <br /> participants in the Project. The person or persons whose signatures appear <br /> below are authorized to sign this assurance on behalf of the Sponsor. <br /> DATED <br /> City of Batesville, AR. <br /> (Sponsor) <br /> B <br /> ignature of Author zed Official) <br /> Joe M. Biard, Mayor <br /> Attachments 1 and 2 <br /> Page 2 <br />