65B - HOMLESS SHELTER - Laserfiche WebLink

Home Browse Search

(ii) indemnify, defend and hold Contractor harmless from any loss, claim or damage arising from City's default of its obligations hereunder in connection with such option and purchase. 3. START-UP FUNDING AND COMPENSATION a. Within thirty (30) days of the Effective Date of this Agreement, City agrees to provide Contractor with up to $591,289 for start-up funding as provided in the Schedule of Start -Up Costs attached hereto as Exhibit C and incorporated herein by reference. b. From and after the Effective Date, City shall pay Contractor the monthly fee as compensation for all Services rendered under this Agreement during the Term as provided in Exhibit C. An audit of expenses will be conducted on a semi-annual basis to reconcile any over or under -payment of expenses by the City. In the case of the former, Contractor shall credit the City the amount of over -payment in the immediate period. In the case of the latter, the City shall pay the Contractor the amount of the under -payment. C. The total sum to be expended under this Agreement shall not exceed $38,099,351. d. With the exception of the payment required by Section 3.a., all other payments by City shall be made within thirty (30) days following receipt of proper invoice evidencing fees, costs or services performed, subject to City accounting procedures. . e. The compensation required pursuant to this Agreement will be paid by City to Contractor from multiple federal, state, and local funding sources (each individually a "Funding Source" and cumulatively the "Funding Sources"), including, but not limited to, the following: i. HHAP-COVID ii. HEAP iii. HHAP iv. CDBG-CV V. ESG-CV vi. PLHA Contractor will be required to enter into a separate funding agreement for each Funding Source. Contractor will be required to comply with all requirements of each Funding Source, as detailed in the separate funding agreements. The total amount of compensation in said funding agreements shall count toward the total amount due and owing from City to Contractor under this Agreement, not compensation in addition to the total amount of this Agreement. If Contractor does not execute any of the separate funding agreements, Contractor will forfeit that amount of funding from that Funding Source, and City will have the option to terminate this Agreement pursuant to the terms of Section 15, below. Additionally, in the event any Funding Source is reduced by 25% or more, City will have the SJD\ 30975-0001\ 699300.3 5/15/2020 TAP o113