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HomeMy WebLinkAboutExhibit 2-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL BACKUP. ORIGINAL CAN BE SEEN AT THE END OF THIS DOCUMENT. EXHIBIT C - COMPENSATION AND BUDGET SUMMARY COMMERCIAL FACADE AND CODE COMPLIANCE PROGRAM A. The CITY will compensate the SUBRECIPIENT on a performance basis as follows: a. For each facade project, the CITY will compensate the SUBRECIPIENT at a rate of 20% of the actual project cost up to a maximum of $10,000.00 project cost per business, or a maximum of $2,000 in compensation per business location. b. For each code compliance project, the CITY will compensate the SUBRECIPIENT at a rate of 20% of the actual project cost up to a maximum of $15,000.00 project cost per business, or a maximum of $3,000 in compensation per business location. B. The CITY will compensate the SUBRECIPIENT for their implementation of a project after the facade treatment and/or code compliance project is completed. C. The maximum total compensation for this Agreement shall be SUBRECIPIENT understands that: a. Facade Projects: The SUBRECIPIENT's maximum compensation for fagade projects is $ and the CITY will reimburse up to $ for the facade projects hard costs. The CITY will not reimburse the SUBRECIPIENT and/or contractors for project costs exceeding these amounts. b. Code Compliance Projects: The SUBRECIPIENT's maximum compensation for code compliance projects is $ and the CITY wiII reimburse up to $ for the code compliance projects hard costs. The CITY will not reimburse the SUBRECIPIENT and/or contractors for project costs exceeding these amounts. D. SUBRECIPIENT's Itemized Budget, Cost Allocation, Budget Narrative, and Staff Salaries Schedule are attached hereto and made part of this contract. E. During the term hereof and for a period of five (5) years following the date of the payment made hereunder, the CITY shall have the right to review and audit the related records of the SUBRECIPIENT pertaining to any payments by the CITY. F. Reimbursement requests should be submitted to the CITY within fifteen days after the project is completed. G. The SUBRECIPIENT must submit the request for final payment to the CITY within thirty (3Q calendar days following the expiration date or termination date of this Agreement in a form to be provided by the Department. If the SUBRECIPIENT fails to comply with this requirement, the SUBRECIPIENT may forfeit all rights to payment and the CITY may not 3 THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL BACKUP. ORIGINAL CAN BE SEEN AT THE END OF THIS DOCUMENT. honor any request submitted thereafter. The final reimbursement request might not be processed if the close out package has been properly completed and submitted to the Department of Community Development by the due date. H. Any payment due under this Agreement may be withheld pending the receipt and approval by the CITY of all reports due from the SUBRECIPIENT as a part of this Agreement and any modifications thereto. Name: Agency: 4 Date SUBSTITUTED C - COMPENSATION AND BUDGET SUMMARY COMMERCIAL FACADE AND CODE COMPLIANCE PROGRAM A. e CITY will compensate the SUBRECIPIENT on a performance basis as follows: For each fagade project, the CITY will compensate the SUBRECIPIENT at a rate of 20% of the actual project cost up to a maximum of $10,000.00 project cost per usiness, or a maximum of $2,000 in compensation per business location. b. Fo each code compliance project, the CITY will compensate the SUBRECIPIENT at a to of 20% of the actual project cost up to a maximum of $15,000.00 project cost pe business, or a maximum of $3,000 in compensation per business location. B. The CITY will com ensate the SUBRECIPIENT for their implementation of a project after the fagade treatment d/or code compliance project is completed. C. The maximum total mpensation for this Agreement shall be SUBRECIPIENT understan that: a. Fagade Projects: The SUBRECIPIENT's ximum compensation for fagade projects is $ and the CITY will reimburs up to $ for the fagade projects hard costs. The CITY will not rei burse the SUBRECIPIENT and/or contractors for project costs exceeding these amo ts. b. Code Compliance Projects: The SUBRECIPIENT's maximum co pensation for code compliance projects is $ and the CITY will reimbur up to $ for the code compliance projects hard costs. The CITY 'll not reimburse the SUBRECIPIENT and/or contractors for project costs exceeding'*se amounts. D. SUBRECIPIENT's Itemized Budget, Cost Allocation, Buiet Narrative, and Staff Salaries Schedule are attached hereto and made part of this contract. E. During the term hereof and for a period of five (5) years followiN the date of the payment made hereunder, the CITY shall have the right to review and auditt e related records of the SUBRECIPIENT pertaining to any payments by the CITY. F. Reimbursement requests should be submitted to the CITY within fiftei days after the project is completed. G. The SUBRECIPIENT must submit the request for final payment to the CITY w1 n thirty (30) calendar days following the expiration date or termination date of this Agreem t in a form to be provided by the Department. If the SUBRECIPIENT fails to comply wit this requirement, the SUBRECIPIENT may forfeit all rights to payment and the CITY may t 3 SUBSTITUTED honor any request submitted thereafter. The final reimbursement request might not be processed if the close out package has been properly completed and submitted to the Department of Community Development by the due date. H. �y payment due under this Agreement may be withheld pending the receipt and approval b the CITY of all reports due from the SUBRECIPIENT as a part of this Agreement and any'Modifications thereto. Name: Agency: 4 Date