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 locatign. '
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 tip to a maximum of $15,000.00 per business, or a
maximum of $3,000 per business location.
B. The maximum total compensation foil- this Agreement shall be $
C. SUBRECIPIENT'S Itemized Budgdt, Cost Allocation, Budget Narrative, Staff Salaries
Schedule are attached hereto and male part of this contract.
D. During the term hereof and for a period of three (4) years following the date of the
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.
E. 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 incurredin a form
provided by the Department.
F. 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.
G. 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