HomeMy WebLinkAboutExhibit 2EXHIBIT "Bl"
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 docurnentalioh to
demonstrate completion of..each project task in accordance with Exhibit "A" Statement of Work requirements. If
the total consideration for this agreement is subject to multi -year funding allocations, funding for each applicable
fiscal year of this agreement will be subject to Governing Board budgetary appropriation. In the event the District
does not approve funding for any subsequent fiscal year, this agreement shall terminate upon expenditure of the
current funding, notwithstanding other provisions in this agreement to the contrary. 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
Payment
Task 1; Engineering Design..
and Permitting
Summary Report, including surveys,
100% engineering design plans, cost
estimates and other information
described in task number 1.
Completed
$200,000.00
(paid)
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.
Completed
$40,000.00
(paid)
Task 3: Construction,
Construction Monitoring and
Reporting
Work documents and information
described in task number 3.
No Later than
August 22, 2007
$500,000.00
$10,000.00
Task 4: Construction
Certification
Final certification and as -built
drawings upon completion of
construction and an Operations and
Maintenance Plan
No Later Than
August 22, 2007
Not -to -Exceed Total Payment S750,000.00
* 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 I of 1, Amendment 01 to Agreement OT050648