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Item 24 - Installment Sale Agreement for Well 32 Project
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11/15/2022 Regular & Special HA
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Item 24 - Installment Sale Agreement for Well 32 Project
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4/2/2024 4:50:47 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
24
Date
11/15/2022
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TABLE OF CONTENTS <br />AGREEMENT <br />1. AUTHORITY.. <br />2. INTENTION <br />City of Santa Ana <br />Agreement No.: D2202003 <br />Project No.: 3010038-003C <br />Page i of 49 <br />3. AGREEMENT, TERM, DOCUMENTS INCORPORATED BY REFERENCE.. <br />4. PARTY CONTACTS <br />5. DEFINITIONS.... <br />EXHIBIT A — SCOPE OF WORK........................................................................ <br />A.1. PROJECT DESCRIPTION, USEFUL LIFE, AND SCOPE OF WORK. <br />.1 <br />.1 <br />.1 <br />.1 <br />.2 <br />.2 <br />10 <br />10 <br />A.2. STANDARD PROJECT REQUIREMENTS...................................................................................... <br />10 <br />A.2.1 <br />Acknowledgements..................................................................................................................................10 <br />A.2.2 <br />Reports.....................................................................................................................................................10 <br />A.2.2.1 <br />Progress Reports......................................................................................................................................10 <br />A.2.2.2 <br />Project Completion Report.......................................................................................................................11 <br />A.2.2.3 <br />As Needed Reports.................................................................................................................................. <br />I I <br />A.2.2.4 <br />[Reserved]................................................................................................................................................ <br />I I <br />A.2.2.5 <br />DBE Reports for SRF Projects.................................................................................................................11 <br />A.2.3 <br />Signage....................................................................................................................................................II <br />A.2.4 <br />Commencement of Operations................................................................................................................12 <br />A.3 DATES & DELIVERABLES.............................................................................................................. 12 <br />A.4 SCHEDULE.. <br />EXHIBIT B — FUNDING TERMS <br />13 <br />14 <br />B.1. <br />FUNDING AMOUNTS AND REIMBURSEMENTS...................................................................... <br />14 <br />B.1.1 <br />Funding Contingency and Other Sources................................................................................................14 <br />B.1.2 <br />Estimated Reasonable Cost......................................................................................................................14 <br />B.1.3 <br />Project Funding Amount..........................................................................................................................14 <br />B.1.4 <br />[Reserved]................................................................................................................................................14 <br />B. 1.5 <br />Budget Costs............................................................................................................................................14 <br />B.1.6 <br />Contingent Disbursement........................................................................................................................15 <br />B.1.7 <br />Reimbursement Procedure.......................................................................................................................16 <br />B.1.8 <br />Withholding of Disbursements................................................................................................................17 <br />B.1.9 <br />Fraud and Misuse of Public Funds; Enforcement....................................................................................17 <br />B.2 RECIPIENT'S <br />PAYMENT OBLIGATION, PLEDGE, AND RESERVE ............................................. <br />17 <br />B.2.1 <br />Project Costs............................................................................................................................................17 <br />B.2.2 <br />Estimated Principal Payment Due...........................................................................................................18 <br />B.2.3 <br />Interest Rate and In -Lieu of Interest Charges..........................................................................................18 <br />B.2.4 <br />[Reserved]................................................................................................................................................18 <br />B.2.5 <br />Obligation Absolute.................................................................................................................................18 <br />
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