Loading...
HomeMy WebLinkAboutExhibit 5EXHIBIT C COMPENSATION AND BUDGET SUMMARY A. The CITY shall pay to the Subrecipient an amount not to exceed $399,410 for the services required pursuant to this Agreement. B. During the Term hereof and for a period of five (5) years following the date of the last payment made hereunder, the CITY shall have the right to review and audit the time records and related records of the Subrecipient pertaining to any services performed by the Subrecipient pursuant to this Agreement and/or payments by the CITY hereunder. C. Requests for payment under this Agreement shall be made in accordance with the procedures provided in Exhibit D -Disbursement Procedures. D. The Subrecipient's itemized Project Budgets, Cost Allocation Report for Construction, Rehabilitation and Improvements, and Budget Narratives are attached hereto and made part of this Agreement. The Budgets shall list in detail all the costs for the Project including, but not limited to, technical assistance, rehabilitation costs, and costs for architects, advertisement(s), permits and signs. E. The Subrecipient must submit to the CITY its final request for payment within thirty (30) calendar days following the expiration date or termination date of this Agreement, in a form provided by the City. The CITY shall not pay any request for payment submitted thereafter. F. Any payment due under this Agreement may be withheld pending the receipt and approval by the CITY of all reports due from the Subrecipient under this Agreement, as the same may be amended from time to time. Executive Director Date