HomeMy WebLinkAboutExhibit 3EXHIBIT "Bl"
PAYMENT AND DELIVERABLES SCHEDULE
Total payment by the District to the City shall no6exceed the amount of $300,000.00**. 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 documentation 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
CITY
Cost Share
Task 1:
Outreach
As per Task 1 Deliverables in
Section 4.0
No later than
October 23, 2007
$5,011
$2,268
Task 2:
Engineering
Design
i
As per Task 2 Deliverables in
Section 4.0
No later than
October 23, 2007
$11,255
$26,877
Task 3:
Permitting
As per Task 3 Deliverables in
Section 4.0
No later than
October 23, 2007
$0
$17,168
Task 4:
Construction
As per Task 4 Deliverables in
Section 4.0
(Pay Requests with Supporting
Documentation may be
Submitted on a Monthly Basis)
No later than
October 23, 2007
$283,734
$881,825
Total Payment
$300,000.00**
$928,138
* 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 $300,000.00 as
specified above. The City's estimated Total cost for this project, including the District's not -to -exceed payment, is
$1,228,138.
Page 1 of 1, Exhibit "81", Agreement OT061088-A01