HomeMy WebLinkAboutPre-Attachment 7XHI 1T C — COMPENSATION AND BUDGET SU MARY
A. 1. The City will compensate the Agency on a performance basis for the Commercial the
Facade Program. The City will compensate the agency at a rate of 20 /o
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 % of the actual project costs up to a maximum of $15,000.00 per business, or a
maximum of $3,000 per business location.
Bement shall be D 00 .DO.
H. The maximum total compensation for this Agr following the date of the
C. During the term hereof and for a period of three (3) years
payment made hereunder, the CITY shall have the right to review and audit the related
records of the SU13RECIPIENT pertaining to any payments by the CITY.
D. Requests for payment should be made at least on a monthly basis in a tform
to be
he CITY
provided by the Department. Reimbursement requests should be submitted to
within thirty (30) calendar days after the indebtedness has been incurred in a form
provided by the Department.
E. The SUBRECtPIENT 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
form to be provided by the Department. If the SUBREC1PIENT fails to comply with this
requirement, the SUBRECIPIENT shall forfeit all rights to payment and the CITY shall
not honor any request submitted thereafter.
Any payment due under thig ' Agreement maybe
approval by the CITY of all reports due from the
Agreement and any modifications thereto.
Name:
Title:
withheld pending the receipt and
SUBRECIPIENT as a part of this
Date
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