Reso 2006-880 - Laserfiche WebLink

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B) P,'c-Agrccmcnt EXJlcnscs. The incurring of Pre-Agreement Expenscs creates no obligation on the County to execute a Grant Agreement or Interlocal Agrcement, as the case may bc, or otherwisc satisfy thosc cxpenses. However, prior to thc effective date of the Grant Agreement or Intcrlocal Agreement, as the case may be" a Recipient may incur cligible Pre-Agreement Expenses as defined in Articlc I - Section 4, and then after thc effective date of thc Grant Agreement or Intcrlocal Agreement, as the casc may be, be reimbursed for thosc costs, provided that: I) The costs and actIVItIes are funded as patt of the Funding Allocation award and are In compliance with thc rcquirements of the Ordinancc and thcse rules. 2) For those Projccts funded from proceeds from the first salc of BBC Program general obligation bonds (the "Series 2005 Bonds"), reimbursemcnt for Pre-Agreement Expenses is limited to those Pre-Agreement Expenses incuned on or after November 2, 2004, unlcss previously approvcd by the Board. For those Projccts funded by bond proceeds from bond sales subsequent to the sale of the Series 2005 Bonds, reimburscmcnt of Pre-Agreement Expenses is limitcd to those Pre-Agreement Expenses incurred one (I) year prior to the first day of the Application Submission Period, unless previously approvcd by the Board. 3) The Rccipient has notificd the County Manager in writing of the intent to submit eligible Pre-Agrecmcnt expenses for rcimbursement within 30-days of a Grant Agrcement or Interlocal Agreement being executed. Recipients shall scnd a letter addressed to the County Manager for his revicw and approval of eligible expcnses. C) Paymcnt. Recipicnts are paid allocated funds subject to the following conditions: Cost of Issnancc of Bonds. Not more than one percent (I %) of the value of each Funding Allocation award may be carmarked for all costs incidental to the preparation, issuance and administration of the BBC GOB Program. 2 Timing. Project costs eligible for reimburscmcnt shall be incurred between the effcctive datc of, and the Project completion date identified in, thc Grant Agreement or the Interlocal Agreement, as the case may be, with the exception of Pre-Agreement Expenses. 3) Soft Cost Limits. Project Soft Costs for Planning Scrviccs, Design Services and Project Administration, as defined in Article I Section 4, "Soft Costs", are eligible for funding providcd that bond proceeds utilized to pay for such costs do not exceed seventeen percent (17%) of thc total bond procceds allocated to a given Project. This limitation may bc waivcd by the Board. Where a major Project is fundcd in phases, this cost limit may not nccessarily apply to each individual Project phase, but must apply to the Funding Allocation for the Project. 4) Recipients will implement their own procurement process; however, they shall comply with all applicable Federal, State and local laws and regulations, including the County ordinances and regulations. 5) Recipients are responsible for managing the day-to-day operations of Funding Allocation supportcd activities, and maintaining communications with the County Manager regarding the Project. Recipients must monitor Funding Allocation supported activities to assurc Building Better Communities Administrative Rules 120f22