Laserfiche WebLink
AGENT with any payment request. All records in support of the PROJECT COSTS included in <br /> payment requests shall be subject to review and approval by the DISTRICT or by an auditor <br /> selected by the DISTRICT. Audit expenses shall be borne by the PROJECT SPONSOR. <br /> Project funds may be released in installments, at the discretion of the DISTRICT, upon <br /> submittal of a payment request by the PROJECT SPONSOR or LIAISON AGENT. The DISTRICT <br /> shall retain ten percent(10%) of each installment payment until the completion of the PROJECT. <br /> The following costs, if authorized in the attached Exhibit B, shall be reimbursed only upon <br /> completion of the PROJECT to the reasonable satisfaction of the DISTRICT and in accordance with <br /> Exhibit B: personnel, equipment, project management, administration, inspection, and design, <br /> permitting, planning, engineering, and/or surveying costs. Assuming the PROJECT SPONSOR has <br /> otherwise fully complied with the requirements of the Agreement, reimbursement for all <br /> PROJECTS approved as Phase I projects will be made only upon commencement of construction of <br /> the PROJECT for which the Phase I planning, designing, engineering and/or permitting were <br /> directed, which may or may not involve further District funding. Procedures set forth below with <br /> respect to reimbursement by the District are subject to this requirement of commencement of <br /> construction. <br /> The DISTRICT shall have the right to withhold any payment hereunder, either in whole or <br /> part, for non-compliance with the terms of this Agreement. <br /> 8. FINAL REIMBURSEMENT - The PROJECT SPONSOR, upon completion of the <br /> PROJECT, shall submit to the DISTRICT a request for final reimbursement of the ASSISTANCE <br /> AMOUNT less any prior installment payments. The payment amounts previously retained by the <br /> DISTRICT shall be paid upon (1) receipt of the Final Audit report of expenses incurred on the <br /> PROJECT by the DISTRICT, (2) full completion of the PROJECT to the reasonable satisfaction of <br /> the DISTRICT, (3) submission of Project Completion Certification Form No. 90-13 (Exhibit E), (4) <br /> submission of a photograph of the PROJECT showing the sign required by Paragraph 18 and (5) a <br /> Final Project Report as described in Exhibit G. As part of the documentation accompanying the <br /> request for final reimbursement, PROJECT SPONSOR shall provide proof of payment of all <br /> contractors, material suppliers, engineers, architects and surveyors with whom Project Sponsor has <br /> directly contracted (each a "DIRECT PROVIDER") to provide services or materials for the <br /> PROJECT. The final reimbursement amount shall be adjusted as necessary such that neither the <br /> total ASSISTANCE AMOUNT nor the MATCHING PERCENTAGE is exceeded. Unless <br /> otherwise determined by the DISTRICT, the final reimbursement check shall be presented by a <br /> 3 <br />