HomeMy WebLinkAboutExhibit7EXHIBIT 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 $225,315.00
B. During the term hereof and for a period of four (4) years following the date of the last
payment made hereunder, the CITY shall have the right to review and audit the time
records and related records of the SUBRECIPIENT pertaining to any payments by the
CITY.
C. Requests for payment should be made following the procedures stipulated in Exhibit D —
Disbursement Procedures.
D. SUBRECIPIENT'S and PROJECT Itemized Budgets, Cost Allocations, Budget
Narratives, Staff Salaries Schedule are attached hereto and made part of this contract.
The budgets shall list in detail all the all the costs for the PROJECT including but not
limited to technical assistance, rehabilitation cost, architecture, advertisement, permits,
and signs.
E. 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.
Executive Director Date
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