HomeMy WebLinkAboutbudget summaryEXHIBIT 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 $50,000.00.
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.
cA, aA
Date
Xiomara Pacheco
Executive Director