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Res 1978-051
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Res 1978-051
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8/18/2008 3:48:15 PM
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8/18/2008 3:48:15 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Contract
Number
1978-51
Date
6/12/1978
Volume Book
48
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<br />174j <br /> <br />I <br /> <br />the period of this contract and paid by Contractor pursuant to <br />Subsection A of Section' 3 of this contract and which are devoteel <br />exclusively to the fulfillment of the Contractor's obligations <br />pursuant to Subsection A of Section 3; provided that the amount <br />computed pursuant to this clause shall not include any cost or <br />portion thereof which <br /> <br />(1) has been paid or is subject to payment, or <br /> <br />(2) has been reimbursed to Contractor or is subject to re- <br />imbursement to Contractor <br /> <br />by EDA or by any source other than the Department or the <br />Contractor. <br /> <br />Provided, however, that with regard to the above amount, Department <br />liability shall not exceed Six Thousand Five Htmdred and Fifty-Six Dollars <br />($6,556.00) during the contract period preceding September 1, 1978, and shall <br />not exceed Eight Thousand Three Hundred Forty-Four Dollars ($8,344.00) <br />during the contract period between August 31, 1978, and August 31, 1979. <br /> <br />Part 2 <br /> <br />In consideration of full and satisfactory performance of obligations <br />pursuant to Subsection B of Section 3 of this contract, and the completion <br />of such obligations according to the time schedule set forth in Subsection <br />C of Section 3 of this contract, the Department shall be liable to the Contractor <br />in an amount equal to the lower one of the two amounts identified or computed by <br />Clauses a and b of this Paragraph 2 of Subsection A. <br /> <br />a. Six Thousand Three Hundred Seventy-Five Dollars ($6,375.00) <br /> <br />b. <br /> <br />an amount which equals the sum of costs for items specified <br />in the cost categories listed in the next sentence which are <br />actually incurred within the period of this contract and paid <br />by Contractor pursuant to Subsection B of Section 3 of this <br />contract and which are devoted exclusively to the fulfillment <br />of the Contractor's obligations pursuant to Subsection B of <br />Section 3; provided that the amount computed pursuant to this <br />clause shall not include any cost or portion thereof which <br /> <br />I <br /> <br />(1) has been paid or is subject to payment, or <br /> <br />(2) has been reimbursed to Contractor or is subject to re- <br />imbursement to Contractor <br /> <br />by EDA or by any source other than the Department or the Con- <br />tractor. The cost categories referred to in the preceding sen- <br />tence shall include only those costs in the following categories: <br />(1) costs for salaries and fringe benefits of employees, (2) <br />costs for professional services rendered pursuant to contract, <br />(3) costs for reproduction of plans prepared pursuant to Sub- <br />section B of Section 3, and (4) costs for rental or lease of <br />office space and equipment. <br /> <br />Page 10 of 17 Pages <br />
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