HomeMy WebLinkAboutExhibit 4EXHIBIT C — COMPENSATION AND BUDGET SUMMARY
A. The CITY shall pay the SUBRECIPIENT, as maximum compensation for the services
required pursuant to this Agreement the sum of $ 150,000.00 .
B. SUBRECIPIENT'S Itemized Budget, Cost Allocation, Budget Narrative, Staff Salaries
Schedule are attached hereto and made part of this contract.
C. During the term hereof and for a period of four (4) years following the date of submission
of the City of Miami's CAPER in which the specific activity is reported for the last time
(unless there is litigation, claims, audit, negotiation, or other actions involving the records
which has started before the expiration of the 4-year period; in such cases, the records
must be retained until the completion of the action and resolution of all issues which arise
from it or the end of the regular 4-year period whichever is longer), the CITY shall have
the right to review and audit the related records of the SUBRECIPIENT pertaining to any
payments by the CITY.
C. Requests for payment should be made at least on a monthly basis in a form 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.
D. The SUBRECIPIENT must submit the final request for payment to the CITY within 30
calendar days following the expiration date or termination date of this Agreement in a
form 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.
E. 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.
Name:
Executive Director
One Art, Inc.
Date