HomeMy WebLinkAboutexhibit 7-cipExhibit J
CITY OF MIAMI CAPITAL IMPROVEMENT PROGRAM
1. The City shall pay DOSE on a reimbursement basis only, and only for those authorized
Project Costs. as identified in approved pursuant to the Project. In order for DOSP to be
eligible for reimbursement under the Agreement. such Project Costs must be necessary
and reasonable for the effective and efficient accomplishment of the Project and must be
directly allocable thereto.
2. REIMBURSEMENT PROCEDURES: DOSP shall submit its expenditures to the
Department of Economic Development on a form created by that department. DOS? will
further submit a payment requisition sinned and approved by the contractor, the Architect
and DOSP to the City for payment. Payment requisitions shall comply with all
requirements for disbursement as contained in the Agreement and as may be required by
the City. Such requirements include. but are not limited to,_a statement of the following:
total project cost to date. change orders to date, the schedule of values contained within
the construction budget. change orders to date. the amount of the payment request. the
schedule of values contained in the construction budget. allocation of the work covered
by the requisition among the schedule of values. and balance to complete the construction
of the Baywalk and Restroom facilities and all related support facilities. The requisition
for payment shall be accompanied by (i) lien waivers or releases from any party with a
right to file a hen against the improvements to the extent the claim was covered by a
previous requisition. together with such other lien waivers, releases, or evidence of
payment as the City may require; and (ii) written certification from the Architect that the
information contained in the requisition for payment is accurate. and that the work
covered by the requisition was completed in accordance with the approved plans: and (iii)
such other documentation as may be reasonably required by the City. Upon approval of
the requisition by the City. the City shall remit the funds to DOSP.
3. NONCOMPLIANCE — The City shall have the right to reimbursement. either in whole or
part as it. as it may determine. of the funds provided hereunder for noncompliance by
City or DOS? with any of the terms of the Agreement. Upon notification from the City,
DOSP shall reimburse such funds directly to the City. The provisions of this paragraph
shall survive completion of construction of the Parking Facilities.
4. DOSP's LIAISON — DOS? shall appoint a liaison. whose name and title shall be
submitted to the City upon execution of the Amendment. to act on behalf of DOS?
relative to the provisions of this Agreement.
5. STATUS REPORTS — DOSP's Liaison shall submit to the City Project status reports
during the construction of the Baywalk, Restroom facilities and all other related
supported facilities ten (10) days prior to the date that the City is required to submit the
reports pursuant to the Agreement. The reports are to be on the forms provided by the
City's Department of Economic Development. Project design drawings. engineering
drawings. and a copy of the Project bid award construction item cost list will be
submitted as available. Photographs shall be submitted when appropriate to reflect the
work accomplished. Non-compliance by DOSP with the reporting requirements may
result in termination of this Agreement.
6. The City shall have the right to withhold any payment funded through the City of Miami
Capital Improvement Program. either in whole or part. for non-compliance with the terms
of this Agreement.
7. Payment shall be made within sixty (60) days after the City's Department of Economic
Development receipt of DOSP's invoice. which shall be accompanied by sufficient
supporting documentation and contain sufficient detail. to allow a proper audit of
expenditures. should City require one to be performed.