Resolution 2014-56 - Laserfiche WebLink

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EIAF 7500 — Louisville City Service Facility 6.2. Budget Budget Line Item(s) Total Cost Grant Funds Matching Funds Matching Funds Source Building or Facility Construction — pre - engineered building construction $3,696,390 $400,000 $3,296,390 Grantee Building or Facility Construction — interior finishing $4,274,400 $400,000 $3,874,400 Grantee Building or Facility Construction — fuel island $872,250 $200,000 $672,250 Grantee Building or Facility Construction — landscaping $400,715 $0 $400,715 Grantee Total $9,243,755 $1,000,000 $8,243,755 7. PAYMENT Payments shall be made in accordance with this section and the provisions set forth in §7 of the Grant. 7.1. Payment Schedule. If Work is subcontracted or subgranted and such Subcontractors and /or Subgrantees are not previously paid, Grantee shall disburse Grant Funds received from the State to such Subcontractor or Subgrantee within fifteen days of receipt. Excess funds shall be returned to DOLA. Payment Amount Interim Payment(s) $950,000 Paid upon receipt of actual expense documentation and written Pay Requests from the Grantee for reimbursement of eligible approved expenses. Final Payment $50,000 Paid upon Substantial Completion of the Project (as determined by the State in its sole discretion), provided that the Grantee has submitted, and DOLA has accepted, all required reports. Total $1,000,000 7.2. Remittance Address. If mailed, payments shall be remitted to the following address unless changed in accordance with §16 of the Grant: City of Louisville 749 Main Street Louisville, CO 80027 7.3. Interest. Grantee or Subgrantee may keep interest earned from Grant Funds up to $100 per year for administrative expenses. 8. ADMINISTRATIVE REQUIREMENTS 8.1. Reporting. Grantee shall submit the following reports to DOLA using the State - provided forms. DOLA may withhold payment(s) if such reports are not submitted timely. 8.1.1.Quarterly Pay Request and Status Reports. Quarterly Pay Requests shall be submitted to DOLA in accordance with §4.6 of this Exhibit B. 8.1.2.Final Reports. Within 90 days after the completion of the Project, Grantee shall submit the final Pay Request and Status Report to DOLA. 8.2. Monitoring. DOLA shall monitor this Work on an as- needed basis. DOLA may choose to audit the records for activities performed under this Grant. Grantee shall maintain a complete file of all records, Page 4 of 5