Res 2009-011 - Laserfiche WebLink

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a. provide funds, real property, and/or in -kind funds, the value of which shall equal or exceed Three Million, One Hundred Thousand Dollars in United States currency ($3,100,000.00 USD), which shall represent funds that match County's contribution of funds under this Agreement ( "Matching Funds ") Said Matching Funds are further described in Section 4.5 of this Agreement. b. in any Construction Contract executed for improvement of the Projects, require payment and performance bonds, insurance, and all other terms and conditions that the City normally includes in a public park construction contract and in accordance with all applicable federal and state laws and city ordinances; C. in any Construction Contract executed for improvement of the Projects, provide that, regardless of the sources of funds to be paid to the Contractor, the funds that are paid to Contractor from the proceeds of the County's bond sale, which shall be paid in lump sum to City and which are authorized by the voters of Hays County, Texas, shall not exceed County's total contribution of Bond Funds for the particular Project on which Contractor is working, as cited in Exhibit "A "; d. in any Construction Contract executed for improvement of multiple Projects, detail the priority of construction phasing, which shall be: Project #5: Regional Skate Park Improvements, Project #4: Rio Vista Tennis Courts Improvements, Project #3: Gary Sports Complex Softball Fields Improvements, Project #2: Purgatory Creek Preserve Park Improvements; e. in any Construction Contract executed for improvement of the Projects, provide for recreational amenities to be bid as add alternates. Recreational amenities shall include park benches and playscapes; f. in any Construction Contract executed for improvement of the Projects, require five percent (5 %) retainage by the City on each payment to the Contractor;