HomeMy WebLinkAboutexhibit2BEXHIBIT "B"
PAYMENT AND DELIVERABLES SCHEDULE
Total payment by the District to the City shall not exceed the amount of $750,000.00. 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 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 each project task in accordance with Exhibit "A"
Statement of Work requirements. The City is responsible for reviewing and approving deliverables to
ensure that project objectives are met. The City is also responsible for project management, budget
management and quality control.
Task
Deliverable
Due Date*
DISTRICT**
Not -to -Exceed
Paiment
Task 1: Engineering
Design and Permitting
Summary Report, including
surveys, 100% engineering
design plans, cost estimates
and other information
described in task number 1.
3 months
$200,000.00
Task 2: Preparation of
Bid Documents and
Specifications
Summary Report of bid
documents and specifications
including submittal of the
information described in task
number 2.
7 months
$40,000.00
Task 3:
Construction,
Construction
Monitoring and
Reporting
Work documents and
information described in
task number 3.
22 months
Pay requests may be
submitted on a
quarterly basis.
$500,000.00
Task 4:
Construction
Certification
Final certification and as -
built drawings upon
completion of construction
and an Operations and
Maintenance Plan
24 months
$10,000.00
Not -to -Exceed Total Payment $750,000.00
* 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 $750,000.00 as specified above. The City's estimated Total.
cost for this project, including the District's not -to -exceed payment, is $5,251,050.00.
Page 1, Exhibit "B", Payment and Deliverable Schedule, OT050648