HomeMy WebLinkAboutExhibit 4EXHIBIT 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.
B. The maximum total compensation for this Agreement shall be $82,800.
C. During the term hereof and for a period of four (4) years following the date of the
last 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.
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