Res 2003-133 - Laserfiche WebLink

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Notwithstanding any other provision of this contract, the total of all payments and other obligations incurred by City under this contract (contract funds) shall not exceed the sum of and /100 Dollars ($000,000.00). SECTION 5. METHOD OF PAYMENT A. Contractor shall submit to City at its offices in San Marcos, Hays County, Texas, a properly completed Request for Advance or Reimbursement Form 270, as specified by City, as often as actually needed. City will determine the reasonableness of each amount requested and will not make disbursement of any such payment until City has reviewed and approved such Request. Request for Reimbursement must be supported by documentation as referenced in the most recent version of the With Strings Attached Implementation Manual and subsequent policy updates. B. Contractor's requests for advance shall be limited to the minimum amounts needed for effective operation of programs under this contract, and shall be timed as closely as possible to be in accord with actual cash requirements. Contractor shall establish procedures to minimize the time elapsing between the transfer of funds from City to Contractor and shall ensure that such funds are disbursed as soon as administratively possible. C. Notwithstanding the provisions of Section 5.A of this contract, it is expressly understood and agreed by the parties hereto that payments under this contract are contingent upon Contractor's full and satisfactory performance of its obligations under this contract. D. It is expressly understood and agreed by the parties hereto that any right or remedy provided for in this Section 5 or in any other provision of this contract shall not preclude the exercise of any other right or remedy under this contract or under any provision of law, nor shall any action taken in the exercise of any right or remedy be deemed a waiver of any other rights or remedies. Failure to exercise any right or remedy hereunder shall not constitute a waiver of the right to exercise that or any other right or remedy at any time. SECTION 6. UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND PROGRAM INCOME A. Except as specifically modified by law or the provisions of this contract, Contractor shall comply with the Regulations and, for matters not addressed therein, with 24 C.F.R. Part 85, "Administrative Requirements for Grants and Cooperative Agreements to State, Local and Federally Recognized Indian Tribal Governments" (hereinafter referred to as the "Common Rule") as modified by the rules promulgated by the Office of the Governor under the Uniform Grant and Contract Management Act (TEX. GOV'T. CODE ANN. Chapter 783; hereinafter referred to as "UGCMS"), in performing this contract. The allowability of costs incurred for performances rendered hereunder shall be determined in accordance with OMB Circular A-87, as supplemented by UGCMS and this contract. B. Contractor shall comply with the requirements set forth in Section 570.489(e) of the Regulations to account for program income related to activities financed in whole or in part with funds provided under this contract. 1. Contractor shall maintain records of the receipt, accrual, and disposition of all program income in the same manner as required for all other funds under this contract, and Contractor shall provide reports of program income to City with each form submitted by Contractor in accordance with Section 5 of this contract, and at the termination of this contract. Contractor shall report the amount of program income recaptured to City with updates concerning the status of outstanding loans, leases or repayment agreements, including but not limited to payments received and amendments to the original loan, lease or repayment agreement(s), as required by this contract. Page 3 of * TCF-PY02 Revised 11/5/02 Con[ract ~