Resolution 2015-07 - Laserfiche WebLink

Home Browse Search

shall make disbursements to Property Owner based upon the requirements in this Agreement and pursuant to the following disbursement schedule: 1. Upon Material Delivery - 25% of the base amount of the Grant, excluding any contingency. 2. Upon Rough in Inspection - 75% of the base amount of the Grant amount excluding any contingency. 3. Upon Final Inspection- The balance of actual eligible costs not to exceed $20,000. For each disbursement request, Property Owner shall submit to the City copies of all invoices and pay records for all labor and materials used to complete the portion of the Work for which disbursement is sought. Each invoice shall contain sufficient detail regarding the element of Work that has been completed and shall relate directly to the Work items detailed in Exhibit A. The Property Owner shall submit an IRS Form W-9 completed and signed by the Property Owner; true and complete copies of all related payment records, agreements and orders for labor and materials; and such other supporting documentation as the City may require. When the City determines in its sole discretion that a submission is complete and payable pursuant to the terms of this Agreement, the City will make the applicable disbursement directly to the Property Owner within 10 days of such determination. The Property Owner is responsible for ensuring that all contractors and suppliers are paid. 3. INSPECTION AND AUDIT; ERRONEOUS PAYMENT: The City and its duly authorized representatives shall have access to all books, documents, papers, electronic files and records of the Property Owner that are related to this Agreement for the purpose of making audits and examinations and determining compliance with this Agreement. The City shall have access to the originals of all such materials and may make and keep copies thereof. If the City upon audit or otherwise determines that any amount has been paid to Property Owner in error for any reason, including, but not limited to overpayments or improper payments, then such funds shall be immediately repaid to the City upon demand and the same may be collected by any appropriate method as a debt to the City. Amounts not so repaid within 15 days of demand shall bear interest at the rate of one and one-half percent from the time of demand until the date of payment. 4. COMPLETION OF WORK: The Property Owner will undertake the construction of the Work in a timely manner. The Property Owner has three months to complete the Work, which time period shall begin upon the issuance ofa building permit. 5. OTHER COSTS: Each party shall bear its own legal, accounting, overhead and administrative costs incurred in the drafting, execution or performance of this Agreement. 6. COMPLIANCE WITH CITY ORDINANCES: The Property Owner shall comply with all applicable City ordinances and building codes and shall be responsible at its own expense for obtaining and complying with all building and other permits required by the City for the completion of the Work. 2