HomeMy WebLinkAboutpaymentEXHIBIT "D"
PAYMENT AND DELIVERABLES SCHEDULE
Total payment by the DISTRICT shall not exceed the amount of $1,250,000. All
invoices shall be accompanied by adequate documentation to support actual expenditures
incurred by the CITY within the not -to -exceed amounts specified below in accordance
with Article 3.2 of the Agreement. Payment by the DISTRICT is further subject to
receipt of quarterly progress reports and financial statements from the CITY with
documentation to demonstrate completion of all deliverables for each project task in
accordance with Exhibit "C" Statement of Work requirements. The CITY is responsible
for reviewing and approving deliverables from the contractor to ensure that project
requirements are met. The CITY is also responsible for project management, budget
management and quality control with the contractor.
Task
Deliverable
*Due
Date
CITY
Cost Share
**District
Not -to Exceed
Payment
$ 250,000.00
Task 1. Design
and Permitting
(all three
projects)
Design Criteria Report
including results of
investigations & survey
and preliminary
construction cost
estimates.
180
days
$2,895,000.00
Task 2.
Construction (all
three projects)
Plans & Specs including
final engineers cost
estimates. Monthly
construction project
reports, progress
schedules & Engineers
Certificate of Completion
360
days
$3,335.000.00
$ 1,000,000.00
Not -to -Exceed Total Payment $ 1,250,000.00
* All dates are referenced from the date of contract execution.
** The DISTRICT shall only be obligated to pay for documented actual expenditures
within the not -to -exceed amounts specified above. In the event actual expenditures by
the CITY are less than the not -to -exceed for a particular task, the CITY shall have the
right to apply the unexpended balance towards a subsequent task. The CITY shall
provide written notice of its decision to exercise this right. In no event shall the
DISTRICT's total obligation exceed $1,250,000.00 as specified above.
Page 1 of 1, Exhibit "D" Payment and Deliverable Schedule, Agreement C-13164