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2003-271
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2003-271
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Last modified
11/28/2016 11:44:07 AM
Creation date
9/30/2015 6:59:41 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/14/2003
Control Number
2003-271
Agenda Item Number
7.L.
Entity Name
Florida Inland Navigation District
Subject
Jungle Trail Shoreline Stabilization Phase II
Area
Jungle Trail
Project Number
IR-03-36
Archived Roll/Disk#
3208
Supplemental fields
SmeadsoftID
3455
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S <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 <br /> DISTRICT shall retain ten percent ( 10%) of each installment payment until the completion of the <br /> PROJECT . <br /> The following costs , if authorized in the attached Exhibit B shall be reimbursed only <br /> upon completion of the PROJECT to the reasonable satisfaction of the DISTRICT and in <br /> accordance with Exhibit A : personnel, equipment, project management, administration, <br /> inspection, and design, permitting, planning, engineering, and/or surveying costs . <br /> The DISTRICT shall have the right to withhold any payment hereunder, either in whole <br /> or part, for non-compliance with the terms of this Agreement. <br /> 8 . FINAL REIMBURSEMENT - The PROJECT SPONSOR, upon completion of <br /> the PROJECT, shall submit to the DISTRICT a request for final reimbursement of the PROJECT <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 <br /> of the DISTRICT, (3 ) submission of Project Completion Certification Form No . 90- 13 (Exhibit <br /> E) , and (4) submission of a photograph of the PROJECT showing the sign required by Paragraph <br /> 17 . Unless otherwise determined by the DISTRICT, the final reimbursement check shall be <br /> presented by a DISTRICT representative to the PROJECT SPONSOR during a public <br /> commission meeting or public dedication ceremony for the PROJECT facility. <br /> 9 . RECORDS RETENTION - The PROJECT SPONSOR shall retain all records <br /> supporting the PROJECT COSTS for three (3 ) years after the end of the fiscal year in which the <br /> Final Payment is released by the DISTRICT, except that such records shall be retained by the <br /> PROJECT SPONSOR until final resolution of matters resulting from any litigation, claim, or <br /> special audit that starts prior to the expiration of the three-year retention period. <br /> 10 . NONCOMPLIANCE - The DISTRICT shall have the right to reimbursement, <br /> either in whole or part as it may determine, of the funds provided hereunder for noncompliance <br /> by the PROJECT SPONSOR with any of the terms of this Project Agreement. Upon notification <br /> from the DISTRICT, the PROJECT SPONSOR shall reimburse such funds directly to the <br /> DISTRICT . The provisions of this paragraph shall survive completion of the PROJECT . <br />
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