Laserfiche WebLink
3. ASSISTANCE AMOUNT - The DISTRICT shall contribute ("ASSISTANCE <br /> AMOUNT") no more than fifty percent5�) ("MATCHING PERCENTAGE") of the PROJECT <br /> SPONSOR'S eligible out-of-pocket costs for completion of this PROJECT ("PROJECT <br /> AMOUNT"). Payment of funds by the DISTRICT to the PROJECT SPONSOR (the <br /> "ASSISTANCE AMOUNT") will be on a reimbursement basis only, and only for those authorized <br /> out of pocket costs as shown in Exhibit A ("PROJECT COSTS") and meeting the requirements of <br /> Paragraph 5 below and shall not, in any event, exceed $100,000.00. <br /> Any modifications to the PROJECT'S Cost Estimate (Exhibit A) shall require written <br /> advance notice and justification from the PROJECT SPONSOR and the prior written approval of <br /> the DISTRICT. <br /> 4. MATCHING FUNDS - The PROJECT SPONSOR warrants and represents that it <br /> has the PROJECT SPONSOR Match Amount (the PROJECT AMOUNT less the ASSISTANCE <br /> AMOUNT) available for the completion of the PROJECT and shall, prior to the execution of this <br /> Agreement, have provided the DISTRICT with suitable evidence of the availability of such funds <br /> using DISTRICT Form #95-01 (Exhibit C) and, upon request, providing the DISTRICT with access <br /> to applicable books and records, financial statements, and bank statements. <br /> 5. PROJECT COSTS - To be eligible for reimbursement under the Project <br /> Agreement, PROJECT COSTS must be necessary and reasonable for the effective and efficient <br /> accomplishment of the PROJECT and must be directly allocable thereto. PROJECT COSTS are <br /> generally described in Exhibit B. PROJECT COSTS must be incurred and work performed within <br /> the PROJECT PERIOD, with the exception of pre-agreement costs, if any, consistent with <br /> Paragraph 6 below, which are also eligible for reimbursement by the DISTRICT. <br /> 6. PRE-AGREEMENT COSTS - The DISTRICT and the PROJECT SPONSOR fully <br /> understand and agree that there shall be no reimbursement of funds by the DISTRICT for any <br /> obligation or expenditure made prior to the execution of this Project Agreement unless previously <br /> delineated in Exhibit A, consistent with Exhibit B, and previously approved by the DISTRICT <br /> Board during the grant review process. <br /> 7. REIMBURSEMENT PROCEDURES - PROJECT COSTS shall be reported to the <br /> DISTRICT and summarized on the Payment Reimbursement Request Form (Form #90-14) attached <br /> as Exhibit D. Supporting documentation including bills and canceled payment vouchers for <br /> expenditures shall be provided to the DISTRICT by the PROJECT SPONSOR or LIAISON <br /> 2 <br />