Laserfiche WebLink
CDBG CAPITAL IMPROVEMENT AGREEMENT <br /> EXHIBIT B <br /> City shall pay Recipient an amount not to exceed the total sum of TWENTY FIVE <br /> THOUSAND DOLLARS ($25,000) for furniture and equipment to be purchased. Payments to <br /> Recipient shall be based upon the completion of the work items and corresponding cost listed in <br /> Exhibit A. <br /> Invoices shall contain the following information: <br /> I. Serial identifications of progress bills, i.e., Progress Bill No. I. <br /> 2. The beginning and ending dates of the billing period. <br /> 3. A Task Summary containing the original contract amount, the amount of prior <br /> billings, the total due this period, the balance available and the percentage of <br /> completion. <br /> 4. A brief description of the work performed, including but not limited 'to, <br /> improvements constructed during the billing period. <br /> City shall pay the last 10% of the total sum due pursuant to this Agreement within forty - <br /> five (45) days after completion of the work and submittal to City, if all work due pursuant to this <br /> Agreement has been satisfactorily performed. <br /> • <br /> The total sum stated above shall be the total which City shall reimburse the Recipient for <br /> the work pursuant to this Agreement. City shall not pay any additional suns for any expense or <br /> cost whatsoever incurred by Recipient in performing the work. <br /> . Exhibit B Page 1 of 2 <br />