HomeMy WebLinkAboutExhibit4EXHIBIT C — COMPENSATION AND BUDGET SUMMARY
TECHNICAL ASSISTANCE FOR JOB CREATION
A. The City will compensate the Agency on a performance basis for the Technical
Assistance Program. Job Creation is the national objective that has been
identified as a priority by the Department. A job is considered created when it is
fully documented as provided for under the regulations. For a Technical
Assistance Proiect. Payments will be made at the rate of $75.00 per verifiable
hour. Verifiable hours of service related to technical assistance are those hours of
service provided by the Sub -recipient that can be substantiated by the payroll and
other pertinent records and which are reasonable, necessary and directly allocable
to the business receiving the technical assistance from the agency. Hours of
service must be reported in the monthly performance report and must be fully
documented by the agency (using form F-102).
The accomplishment of one National Objective (one FTE job created for a
low and moderate income person) will provide the agency with a maximum of
$15,000.00 of justifiable reimbursement based on the verifiable hours of
service related to technical assistance and documentation that a national
objective has been attained.
B. The maximum total compensation for this Agreement shall be $1.67,000.00.
C. SUBRECIPIENT'S Itemized Budget, Cost Allocation, Budget Narrative, Staff
Salaries Schedule are attached hereto and made part of this contract.
D. 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.
E. Requests for payment should be made at least on a monthly basis in a form to he
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.
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 right
to payment and the CITY may 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.
H. The payments to the agency absent the creation of at least one half of the required
jobs will be capped to one half the amount of the grant. Once the agency
documents the creation of at least one half of the required jobs, payments at the
rate of $75.00 per verifiable hour can resume.
President Date