HomeMy WebLinkAboutexhibitCEXHIBIT C — COMPENSATION AND BUDGET SUMMARY
A. 1. The City will compensate the Agency on a performance basis for the Commercial
Facade Program. The City will compensate the agency at a rate of 20 % of the
actual project costs up to a maximum of $10,000.00 per business, or a maximum
of $2,000 per business location.
2. The City will compensate the Agency on a performance basis for the Commercial
Code Compliance Program. The City will compensate the agency at a rate of 20
% of the actual project costs up to a maximum of $15,000.00 per business, or a
maximum of $3,000 per business location.
3. The City will compensate the Agency on a performance basis for the
Technical Assistance Program. Job Creation is the national objective that has
been identified as a priority by the Department. A job is considered created
when it is fully documented as provided for under the regulations. For a
Technical Assistance Project, Payments will be made at the rate of $75.00 per
verifiable hour. Verifiable hours of service related to technical assistance are
those hours of service provided by the Sub -recipient that can be substantiated
by the payroll records and which are reasonable, necessary and directly
allocable to the business receiving the technical assistance from the agency.
Hours of service must be reported in the monthly performance report and must
be fully documented by the agency.
The accomplishment of one National Objective (one job created for a low and
moderate income person) will provide the agency with a maximum of
$5,000.00 of justifiable reimbursement based on the verifiable hours of
service related to technical assistance and documentation that a national
objective has been attained.
B. The maximum total compensation for this Agreement shall be $
C. During the term hereof and for a period of three (3) years following the date of the
paymenf 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.
D. 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.
E. 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.
F. 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.
Executive Director Date
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