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HomeMy WebLinkAboutExhibit CEXHIBIT C DISBURSEMENT AGREEMENT This Disbursement Agreement is made this day of , 2006 by and between Neighbors and Neighbors Association, Inc., a not for profit corporate , (hereinafter the "SUB -RECIPIENT"), and the City of Miami, a municipal corporation of the State of Florida, through its Department of Community Development (hereinafter the "City"). RECITAL WHEREAS, the SUB -RECIPIENT is developing a project known as the OSUN's Village Project (the "Project") that will provide rehabilitation of building exteriors between Northwest 54th and 58`h Street along Northwest 7th Avenue; and WHEREAS, the SUB -RECIPIENT is eligible to receive financial assistance from the Community Development Block Grant program ("CDBG Program") to undertake activities eligible for such assistance under Title I of the Housing and Community Development Act of 1974 (the "ACT"); and WHEREAS, the City Commission, by Resolution No. 05-0577, adopted September 22, 2005, and SUB -RECIPIENT in the total amount of $500,000.00 for the implementation of the Project; and WHEREAS, the SUB -RECIPIENT and the City desire to establish the mechanism whereby the SUB -RECIPIENT will apply to receive the CDBG Funds. NOW, THEREFORE, for and in consideration of the SUB-RECIPIENT's development of the Project and the reciprocal agreements set forth herein, the SUB -RECIPIENT and the City agree as follows: ARTICLE I DISBURSEMENT PROCEDURE 1.1 The Agreement establishes the conditions to the City's obligation to grant the CDBG Funds to the SUB -RECIPIENT. The SUB -RECIPIENT may not request disbursement of funds pursuant to this Agreement until such funds are needed for the reimbursement of eligible costs. Notwithstanding the restrictions of the previous sentence of this paragraph, the Allocation Retainage shall be disbursed by the City in accordance with the provisions of Section 1.8 hereof. Provided the City is obligated to disburse the CDBG Funds pursuant to the CDBG Agreement, the City will disburse such funds in accordance with this Article I. 1.2 The SUB -RECIPIENT shall submit reimbursement requests for the CDBG Funds, which draw requests will be submitted as needed. The SUB -RECIPIENT will submit or cause to be submitted the following documentation to the City: (a) A Request for Reimbursement, in a form acceptable to the City, setting forth such details concerning construction of the Project as the City shall require, including: the amount paid to date to the contractor(s) constructing the Project (the "Contractor") and pursuant to the contract for the construction of the Project between the SUB -RECIPIENT and the Contractor (the "Construction Contract"); the amounts, if any, paid directly by the SUB - RECIPIENT to subcontractors of the Contractor and materialmen; the amount then currently payable to the Contractor, broken down by trades; the amounts paid on account of the Contractor's construction fee; and the balance of the construction costs which will remain unpaid after the payment of the amount currently payable. Any Request for Reimbursement must be submitted to the City by no later than the thirtieth (30th) day of each month. Each Request for Reimbursement must be signed by the SUB -RECIPIENT, the Architect for the Project, and the Contractor, as applicable. Applications for receiving CDBG Funds for reimbursement of hard costs will include the City's Request for Reimbursement Form (letter), AlA Application and Certificate for Payment forms (if applicable), the Contractor Payment Request form, and other such documents as the City may require. The City, as described in Section 1.3 hereof, shall be required to certify with each reimbursement request: the amount of work on the Project that has been completed; the good and acceptable workmanship of the Contractor and its subcontractors; compliance with approved plans and specifications of the Project; and such other matters as the City may require. Lien waivers shall be submitted to the City for review and approval before each disbursement. (b) Each Request for Disbursement for hard costs shall constitute a representation and certification by the SUB -RECIPIENT and the Contractor to the City that: (i) The materials have been physically incorporated into the Project, free of liens and security interests, and that the construction of the Project to date has been performed substantially in accordance with the drawings and specifications and in a first-class workmanlike manner; (ii) All governmental licenses and permits required by the Project as then completed have been obtained and are available for inspection by the City; (iii) The Project as then completed does not violate any law, ordinance, rule, regulation, or order or decree of any court or governmental authority; and (i\-) No Event of Default has occurred and is continuing and there is no continuing default under the Construction Contract. (v) The SUB -RECIPIENT, the Contractor and each subcontractor has complied with all Federal, state and Iocal laws and regulations relating to labor standards and with HUD Handbook 1344.1. (c) Such other information and documents as the City may reasonably require. 1.3 The City will review the work that is incorporated into the Project and for which each Request for Reimbursement of the CDBG Funds is submitted. The City will review and approve the final plans and specifications for the Project and will review and approve the reimbursement requests based on the percentage of work completed. The City's reviews, approvals, and conclusions shall be for the sole benefit of the City. All construction change orders must receive the prior written approval of the City. Change orders that have not received the prior written approval of the City shall not be approved for payment/ reimbursement by the City. 1.4 Upon receipt of a Request for Reimbursement delivered pursuant to Section 1.2 hereof and without attempting to verify the completeness of same, the City shall inspect the progress of construction work at the Project. 1.5 If the City finds the materials submitted by the SUB -RECIPIENT and the report of inspection to be satisfactory and in accordance with the CDBG Agreement, the City shall fund to the SUB -RECIPIENT the sum requested by the SUB -RECIPIENT or such lower sum as the City deems appropriate. 1.7 The City shall fund reimbursements of the CDBG Funds after it has received both the Request For Reimbursement, in the form required by Section 1.2 hereof, and the inspection report of the City, in the form required by Sections 1.2 and 1.3 hereof. 1.8 The City shall retain 10% of the CDBG Funds allocated to the SUB-RECIPIFNT (the "Allocation Retainage") until it has received confirmation of completion of the Scope of Work. 1.9 The City reserves the right to refuse to fund any disbursement request(s) in the event that the City determines that the Project and/or the SUB -RECIPIENT are not in compliance with any local, state or federal law or requirement. ARTICLE II MISCELLANEOUS 2.1 This Agreement may only be amended in writing by all the parties hereto. 2.2 This Agreement, the CDBG Agreement and the other documents executed by the parties in connection therewith constitute the entire agreement between the parties hereto and no other agreements or representations, unless incorporated in this Agreement, shall be binding upon any of the parties hereto. 2.3 All capitalized terms not defined herein shall have the meanings provided in the CDBG Agreement. IN WITNESS WHEREOF, this Agreement has been executed by the SUB -RECIPIENT and the City on the date first above written. SUB -RECIPIENT: Neighbors and Neighbors Association, Inc. 180 NW 62nd Street Miami, FL 33150 a Florida not -for profit corporation j� p�1,1 S Cat v� a.- - LZ BY: V�j1, �'vj,' -t- - CORPORATE SECRETARY DATE PRESIDENT DATE 3/2 3/4 (AFFIX SEAL) ATTEST: 1 s/o-o0 PRISCILLA A. THOMPSON DATE CITY CLERK CITY OF MIAMI, a municipal corporation of the State of Florida BY: JOE ' OLA DATE CITY ANAGER i APPROVED AS TO•INS '' • CE APPROVED AS TO FORM AND REQUIREMENTS/ 1;\ -Uri:777\ ,rn 1 r Risk Management tv DATE CORRECTNESS: Jorge L City Attorne Fe andez DAT ,ke P;