Laserfiche WebLink
<br /> Article 2. Responsibilities of the Parties <br /> The Local Government shall undertake and complete the project as described in <br /> Attachment A, Approved Project Description, and in accordance with all terms and <br /> conditions included hereinafter. The State shall provide assistance as appropriate and <br /> as specified in said Attachment A <br /> Article 3. Compensation <br /> A The maximum amount payable under this contract shall not exceed the amount <br /> of $ 14,999.00 unless modified in writing through an amendment <br /> pursuant to Article 5. <br /> B. The method of payment for this contract will be based on actual costs incurred <br /> up to and not to exceed the limits specified in Attachment B, Approved Project <br /> Budget, unless other methods of payment are specified as follows: <br /> 1. If Attachment B, Approved Project Budget, specifies that actual costs will <br /> be reimbursed, the amount included in the project budget will be <br /> deemed to be an estimate only and a higher amount can be reimbursed, <br /> subject to the conditions specified in paragraph C hereunder. <br /> 2. If Attachment B, Approved Project Budget, specifies that costs are based <br /> on a specific rate, per-unit cost, or other method of payment, <br /> reimbursement will be based on the specified method. <br /> C. All payments made hereunder will be made in accordance 'With Attachment B, <br /> Approved Project Budget. The Local Government may transfer an amount equal <br /> to 5% of the total budget authorized in Attac.hment B, Approved Project <br /> Budget, from one cost category to another. In no case shall the maximum <br /> amount payable be exceeded as a result of the transfer. The transfer of funds <br /> between cost categories "Will not require a written amendment to the contract <br /> unless the amount of the transfer exceeds 5% of the total project budget. <br /> D. To be eligible for reimbursement under this contract, a cost must be incurred <br /> within the contract period specified in Article 1 above and be authorized or not <br /> prohibited in Attachment B, Approved Project Budget. <br /> E. Payment of costs incurred under this contract is further governed by cost <br /> principles outlined in the Federal Office of Management and Budget COMB) <br /> Circular A-87, Cost Principles for State and Local Govemmep.ts. <br /> Page 2 of 13 <br />