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1 2015 ". <br />z <br />31 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />AMENDMENT NO. 4 TO <br />COOPERATIVE AGREEMENT NO. C -6 -0069 <br />2. Amend ARTICLE 5. RESPONSIBILITIES OF AUTHORITY, pages 4 and 5 of 26, to <br />delete in its entirety and, in lieu thereof, insert the following: <br />"C. Maximum Obligation- Notwithstanding any provisions of this Agreement to the <br />contrary, AUTHORITY and CITY mutually agree that AUTHORITY's maximum cumulative payment <br />obligation for PHASE I and PHASE II of the PROJECT shall be One Hundred and Twenty -Five <br />Million Dollars ($125,000,000.00), In no way shall the AUTHORITY's maximum obligation exceed <br />this amount. The AUTHORITY and CITY agree to a distribution of money quarterly as identified in <br />Exhibit D, Amendment No. 4, attached to and, by this reference, incorporated in and made part of <br />this Agreement. If CITY incurs additional costs, direct or indirect inclusive, AUTHORITY is not <br />obligated to make available additional funding. If the cumulative total payments to CITY from <br />AUTHORITY for PHASE I and PHASE II of the PROJECT is less than the maximum cumulative <br />obligation, the difference, up to the maximum obligation under this Agreement, shall be used <br />towards PHASE III and PHASE IV of the PROJECT under the conditions set forth in this Agreement <br />or in a separate agreement." <br />3. Amend ARTICLE 8. PAYMENT, page 8 of 26, paragraph B. Delivery of Invoice, lines <br />11 through 20, as last amended by Amendment No. 3, to delete in its entirety and, in lieu thereof, insert <br />the following: <br />"B. Delivery of Payment Request <br />1. On a monthly basis, CITY shall request payment from AUTHORITY an amount <br />based upon a pro -rated portion of amounts specified in Exhibit D, entitled "Quarterly Maximum <br />Obligation for Bristol Street Widening ". CITY'S requests for payment shall be in writing, with three (3) <br />copies submitted to AUTHORITY'S Accounts Payable Department and one (1) copy submitted to <br />AUTHORITY'S Project Manager. Within ten (10) business days after AUTHORITY'S receipt of an <br />acceptable request for payment, AUTHORITY will review the request for payment for consistency and <br />conformity with all requirements of this Agreement and issue payment to CITY. AUTHORITY shall <br />Page 2 of 4 <br />