Res 1989-134 - Laserfiche WebLink

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AGREEMENT Article 1. Contract Period This contract becomes effective on the date on which the final signature is added, the final signature being that of the party whose signing makes the contract fully exe- cuted by all parties hereto. The contract shall terminate twelve months from that date, unless terminated or modified as hereinafter provided. Article 2. Contract Amount The maximum amount payable to the Local Government under this contract shall not exceed $ 30,240,00 . This amount constitutes not more than 75% of the total project cost of $ 48,722.39 . The amount may be increased only if the State approves a request for additional funding submitted by the Local Government, if additional funds are available. Any such increase must be authorized in a written amendment to this contract. Article 3. Project Description Depending upon the availability of funds, the Local Government shall commence and complete a project providing for the re- timing of traffic signals wi thin its jurisdiction. The project is fully described in the grant application, attached hereto and labeled Attachment A, The Local Government shall not perform any activity under this con- tract except as described in said Attachment A. Additional activity under this contract must be authorized in a written amendment signed by the parties hereto in which the modifications or additions to the project are fully described. The Local Government agrees to deliver the following products to the State in accord- ance with the application: . A "before" field evaluation report . Documentation of the implementation of the new timing plans . An "after" field evaluation report Failure to deliver the products as specified in the application may result in termination of this agreement as provided hereinafter. Article 4. Compensation All payments made hereunder will be made in accordance with the Approved Project Budget included in Attachment A. To be eligible for reimbursement under this con- tract, a cost must be incurred within the contract period specified in Article 1 above and be authorized in the Approved Project Budget included in Attachment A. Payment of costs incurred under this contract is further governed by the cost principles outlined in 48 CFR 1-31, (Federal Acquisition Regulations). The Local Government agrees to submit monthly requests for reimbursement, using biìling statements acceptable to the State. The original billing statement and one copy is to be submitted to the State's District Office, at the address specified on the signature page of this agreement. Paf!e 2 of?