Laserfiche WebLink
<br />EXHIBIT "B" <br />PAYMENT AND DELIVERABLES SCHEDULE <br /> <br />Total payment by the District to the City shall not exceed the amount of $400,000.00***. All invoices <br />shall be accomparIied by adequate documentation to support actual expenditures incurred by the City <br />within the not-to-exceed amounts specified below in accordance with Article 3 of the Agreement. <br />Payment by the District is further subject to receipt of quarterly progress reports and financial statements <br />from the City with documentation to demonstrate completion of each project task in accordarIce with <br />Exhibit "A" Statement of Work requirements. The City is responsible for reviewing and approving <br />deliverables to ensure that project objectives are met. The City is also responsible for project <br />management, budget management and quality control. <br /> <br /> DISTRICT** <br /> Not-to-Exceed <br />Task Deliverable Due Date* Payment <br /> Summary Report of engineeri~g <br /> plans update including submittal <br /> of 100% engineering plans and <br />Task 1: Engineering the information described in this <br />Design and Permitting task number 1. Complete $150,000 <br /> Summary Report of bid <br /> documents and specifications <br />Task2: Preparation of update including submittal of the <br />Bid Documents and information described in this <br />Specifications task number 2. 1 months $20,000 <br />Task 3: <br />Construction, 9 months <br />Construction Work documents and Pay requests may <br />Monitoring and information described in this be submitted on a <br />Reporting task number 3. quarterly basis. $220,000 <br /> Final certification and as-built <br />Task 4: drawings upon completion of <br />Construction construction and an Operations <br />Certification and Maintenance Plan 12 months $10,000 <br /> Not-to-Exceed Total Payment I $400,000.00*** <br /> <br />* All dates are referenced from the date of contract execution. <br />** The District shall only be obligated to pay for documented actual expenditures within the not-to-exceed <br />amounts specified above. In the event actual expenditures by the City are less than the not-to-exceed for a <br />particular task, the City shall have the right to apply the unexpended balance towards a subsequent task. The City <br />shall provide written notice of its decision to exercise this right. In no event shall the District's total obligation <br />exceed $400,000.00*** as specified above. The total estimated cost of the project is in excess of $5,000,000, the <br />balance of which is to be provided by the City and other local funding sources. <br />*** Budgeted funding for this project through State Appropriation is equal to $200,000.00. An additional <br />$200,000.00 in ad valorem funds may be added to this contract pending availability of said funds and completion <br />of a budget amendment. In the case that said funds do not become available, or an amount less than $200,000.00 <br />is made available for this purpose, the stated total obligation of the District shall not exceed either $200,000.00 or <br />an amount equal to $200,000.00 plus the amount of ad valorem funds budgeted for this project. <br /> <br />Page I, Exhibit "B", Payment and Deliverable Schedule, OT050655 <br /> <br />Sl~ <br />