HomeMy WebLinkAboutexhibit3EXHIBIT C — COMPENSATION AND BUDGET SUMMARY
A. The City shall pay the SUBRECIPIENT, at the rate of 20% of the total project
cost for a Commercial Facade Rehabilitation Project and/or for a Commercial
Code Compliance Project. The maximum amount of compensation for a
Commercial Facade Project is $2,000.00. The maximum amount of
compensation for a Commercial Code Compliance Project is $2,000.00. The
maximum total compensation for this Agreement shall be $
B. During the term hereof and for a period of three (3) 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.
C. Requests for payment should be made at least on a monthly basis in a form to
be provided by the Department. Reimbursement requests should be submitted
to the CITY within thirty (30) calendar days after the indebtedness has been
incurred in a form provided by the Department.
D. The SUBRECIPIENT must submit the request for final payment to the CITY
within 30 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
shall forfeit all rights to payment and the CITY shall not honor any request
submitted thereafter.
E. 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 of Executive Director]
Executive Director
[Agency]
Date