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ILLUMINATION FOUNDATION (29)
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ILLUMINATION FOUNDATION (29)
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Last modified
8/8/2024 4:46:48 PM
Creation date
6/16/2023 10:04:44 AM
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Contracts
Company Name
ILLUMINATION FOUNDATION
Contract #
A-2021-175-04
Agency
Community Development
Council Approval Date
9/7/2021
Expiration Date
9/30/2023
Insurance Exp Date
1/1/2024
Destruction Year
2028
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C. Staffing <br />The SUBRECIPIENT shall ensure adequate and appropriate staffing is allocated to each ESG-CV <br />activity. Nothing contained in this AGREEMENT is intended to, or shall be construed in any <br />manner, as creating or establishing the relationship of employer/employee between the parties. <br />II. TERM OF AGREEMENT <br />This AGREEMENT shall take effect on the date first written above, and shall terminate on <br />September 30, 2023, unless otherwise cancelled or modified according to the terms of this <br />AGREEMENT. <br />III. DISBURSEMENT AND FUNDS <br />The City was allocated $11,598,442 in ESG-CV2 funds under the CARES Act from HUD in <br />response to the COVID-19 pandemic. CITY agrees to pay to SUBRECIPIENT when, if and to <br />the extent federal funds are received under provisions of the Act a sum not to exceed $1,500,000 <br />for SUBRECIPIENT'S performance in accordance with the Budget attached hereto as Exhibit B <br />during the period of this Agreement. Said sum shall be paid after CITY receives invoices <br />submitted by SUBRECIPIENT as provided hereinabove. <br />A. Amount and Expenditure End Date <br />The CITY agrees to reimburse the SUBRECIPIENT a maximum amount not to exceed <br />$1,500,000 from ESG-CV funds, as outlined in Exhibit B, Final Budget, and such funds shall be <br />expended by the SUBRECIPIENT on or before September 30, 2023. SUBRECIPIENT has the <br />ability to adjust line item amounts in the Budget with the written approval of the CITY's Executive <br />Director of the Community Development Agency, so long as the total Budget amount does not <br />increase. <br />B. Invoicing Procedures <br />The SUBRECIPIENT shall submit monthly invoices (on or before the 15" day of each month) in <br />a form prescribed by the CITY, detailing such expenses. Such schedule may be modified with the <br />approval of the CITY. <br />C. Payment <br />Payment is subject to the receipt and approval of such invoices and quarterly activity reports, as <br />hereinafter more fully set forth below under Reporting, with the final payment subject to the <br />satisfaction of the condition precedent of submittal of complete invoicing and reporting <br />information due on or before July 15 of the applicable funding year. The CITY shall pay such <br />invoices within thirty (30) days after receipt thereof, provided the CITY is satisfied that such <br />expenses have been incurred within the scope of this AGREEMENT and that the <br />SUBRECIPIENT is in compliance with the terms and conditions of this AGREEMENT. The <br />thirty (30) day period will discontinue if the reimbursement request is determined to be <br />incomplete and will restart the thirty -day timeline once the remaining required elements have <br />been submitted. <br />
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