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e e 5.2.2 The Owner's final payment to the Contractor shall be made no later than 30 days after the issuance of the Architect's final Certificate for Payment, or as follows: Refer to Specifications Section. 01027-Applications for Payment, 1-1 SUmmary, M. Final Payment Application. . ' .' ARTICLE 6 TERMINATI.ON OR SUSPENSION 6.1 The Contract may be terminated by the Owner or the Contractor as provided in Article 14- of AlA Document A201-1997. ~!ft~~.;:~...:":':~~ .:'~. .' : ':'. n,'"..;;. ':~'. ." '. ~..;:,:~:;,/ :~.. '-., -. 6:2.' : The' 'Work may be' suspended by the Owner as provided in Article 14 of AlA Document Jf;:~(F~/':~,~~{~i997.:: :... . '. ~.- . ~.: ~":.':-::. -.' ARTICLE 7 MISCELLANEOUS PROVISIONS 7.1 Where reference is made in this Agreement to a provision of AlA Document A201-1997 or another Contract Document, the reference refers to that provision as amended or supplemented by other provisions of the Contract Documents. 7.2 Payments due and unpaid under the Contract shall bear interest from the date payment is due at the rate stated below, or in the absence thereof, at the legal rate prevailing from time to time at the place where the Project is located. (Insert rate of interest agreed upon, if any.) Ten Percent (1 0%) per annum. (Usury laws and requirements under the Federal Truth in Lending Act, similar state and local consumer credit laws and other regulations at the Owner's and Contractor's principal places of business, the location of the Project and elsewhere may affect the validity of this provision. Legal advice should be obtained with respect to deletions or modifications, and also regarding requirements such as written disclosures or waivers.) 7.3 The Owner's representative is: (Name, address and other information) Robert T. Herrera, City Manager City of Ia. Porte P. O. Box 1115 It4 Pofh\e~o~r's JJr~le~TJl1\~~s: (Name, address and other information) ~ K. Tauriello, Vice President R. Hassell Builders, Inc. P. O. Box 690767 Houston, Texas 77269-0767 7.5 Neither the Owner's nor the Contractor's representative shall be changed without ten days' written notice to the other party. 7.6 Other provisions: t_ _ ul_I_..__ II. _--I...... I......... ._~ ...111................ "''''''''PIft 1....1 ft~ I . 00.5.00 c:::=I 01997 AIAGD AlA DOCUMENT AI0I-IJJ7 OWNER-CONTRACTOR AGREEMENT The American Institute of Architects 1735 New York Avenue. NoW. Washington, D.C. 20006-5292