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Reso 2024-3733
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Reso 2024-3733
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Last modified
10/31/2024 9:48:45 AM
Creation date
10/30/2024 3:41:39 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2024-3733
Date (mm/dd/yyyy)
10/22/2024
Description
Agreement w/ Advanced Green Technologies to furnish and install solar panels at Government Center.
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https://fred.stlouisfed.org/series/WPU10260314 https://fred.stlouisfed.org/series/WPU10260331 <br />Owner/Customer acknowledges and agrees that this is a design -build contract and that the estimate of the cost of the Work is predicated on a <br />schematic design. Accordingly, the quoted price for the cost of labor and material may change as the design is finalized. Further, In an effort to mitigate <br />future price escalations, Contractor shall require, and Owner/Customer agrees to pay, a deposit of twenty-five percent (25%) of the Contract Sum within <br />ten (10) days of execution of this Agreement. <br />TERMS OF PAYMENTS <br />A. 5% deposit due within ten (10) days of execution of contract. <br />B. Monthly progress payments per AIA 702 and 703 Schedule of Value, due NET 30 days from the date of the invoice. <br />C. 5% retainage to be paid upon delivery of permit final, warranties, and Final Releases of Lien. <br />This quote is based on preliminary electrical design, if however final electrical design differs in installed wattage due to site or module size availability, <br />the difference will be calculated at a per watt price. <br />
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