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CDI3G CAPITAL IMPROVEMENT AGREEMENT <br /> EXHIBIT B <br /> PAYMENT SCHEDULE <br /> City shall pay Recipient an amount not to exceed the total sum of Eighty Six Thousand <br /> Three Hundred ,Dollars and 00 /100 ($86,300.00) for improvements to be constructed. <br /> Payments to Recipient shall be based upon the completion of the work items and corresponding <br /> cost listed in Exhibit A. <br /> Invoices shall contain the following information: <br /> 1. Serial identifications of progress bills, i.e., Progress Bill No. 1. <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 <br /> forty -five (45) days after completion of the work and submittal to City, if all work due <br /> pursuant to this Agreement has been satisfactorily performed. <br /> The total sum stated above shall be the total which City shall reimburse the Recipient <br /> for the work pursuant to this Agreement. City shall not pay any additional sum for any <br /> expense or cost whatsoever incurred by Recipient in performing the work. <br /> Exhibit B <br /> Page 1 of 2 <br /> 9/26/88 Rev., 1 /10/90 Rev., 216/90 Rev., <br /> 5/15/92 Rev., (CDOG Rev. 7/92 4/97) <br />