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EXHIBIT B <br />COMPENSATION/PAYMENT <br />ATTACHMENT B <br />COMPENSATION/PAYME+'NP <br />Santa Ana CARES Child Care Grant <br />AUGUST 1, 2020 - DECEMBER 31, 2020 <br />I. Compensation: This is a cost reimbursement service CONTRACT between the CITY and the <br />CONTRACTOR for Santa Ana CARES Child Care Grant as set forth in Attachment A -- Scope <br />of Work. The total CONTRACT amount shall not exceed $245,000 ($220,500 allocated for <br />Grant Awards and $24,500 allocated for a 10% Service Fee of total grants funds issued) <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 <br />labor, insurance requirements and taxes required, for any reasonable unforeseen difficulties <br />which may arise or be encountered in the execution of the services until acceptance, for risks <br />connected with the services, and for performance by the CONTRACTOR of all its duties and <br />obligations hereunder. The CONTRACTOR shall only be compensated as set forth herein <br />below for work performed in accordance with Attachment A - Scope of Work. <br />II. Payment Terms: <br />Upon the effective date of this CONTRACT, CITY shall snake 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 $220,500. 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 fiends to CONTRACTOR within one (1) business day <br />c. Contractor will disburse Grants Award to Santa Ana residents within one (1) <br />business days of receiving funds from CITY <br />B. Service Fee Payments - Services: CONTRACTOR will submit an invoice to receive an <br />upfront payment of $4,900 (20% of the 10% contract service fee). Subsequent invoices <br />will be combined with Grant Award payment request. CONTRACTOR will include a <br />10% service fee based on total disbursement amount for Grant Awards with each invoice. <br />22 <br />