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COMPENSATION/PAYMENT <br />ATTACHMENT B <br />COMPENSATION/PAYMENT <br />Santa Ana CARES Utility Assistance <br />AUGUST 1, 2020 — DECEMBER 30, 2020 <br />I. Compensation: This is a cost reimbursement service CONTRACT between the CITY and the <br />CONTRACTOR for Santa Ana CARES Utility Assistance as set forth in Attachment A — Scope <br />of Work. The total CONTRACT amount shall not exceed $2,000,000 in program funding and <br />an Administrative Fee payable to the CONTRACTOR in the amount of four percent (6%) of <br />program funding ($2,000,000 x 6% = $120,000-admininstrative fee). The administrative fee is <br />based on disbursements initiated of determined approved applications. <br />The CONTRACTOR agrees to accept the specified compensation as set forth in this <br />CONTRACT as full remuneration for performing all services and furnishing all staffing labor, <br />insurance requirements and taxes required, for any reasonable unforeseen difficulties which may <br />arise or be encountered in the execution of the services until acceptance, for risks connected with <br />the services, and for performance by the CONTRACTOR of all its duties and obligations <br />hereunder. The CONTRACTOR shall only be compensated as set forth herein below for work <br />performed in accordance with Attachment A - Scope of Work. <br />II. Payment Terms: <br />Upon the effective date of this CONTRACT, CITY shall make payment to CONTRACTOR in <br />accordance with the following payment schedule: <br />A. Grant Award — Payments: At the sole discretion of CITY, payments to CONTRACTOR <br />may be made more frequently than monthly for the distribution of Grant Award funds to <br />residents, but such payments shall be issued upon application approval but prior to grant <br />disbursement so long as the total Grant Award payments under this CONTRACT do not <br />exceed $2,000,000. The following process of Grant Award payments will be utilized: <br />a. CONTRACTOR will provide an invoice with a list of approved grant applications <br />b. CITY wire funds to CONTRACTOR within one (1) business day <br />c. CONTRACTOR will disburse Grants Award to residents within one (1) business <br />day of receiving funds from CITY <br />d. CONTRACTOR will provide evidence of funding for approved applications <br />B. Service Fee Payments - Services: CONTRACTOR will submit an invoice to receive an <br />upfront payment of $24,000 (20% of the 6% contract service/administrative fee). <br />Subsequent invoices will be combined with Grant Award payment request. <br />CONTRACTOR will include a 6% service fee based on total disbursement amount for <br />23 <br />