O-2002-2587 - Laserfiche WebLink

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Services of the Subrecipient shall start within 7 days after the date of this Agreement and shall terminate when the Project is completed. In addition, the Subrecipient's covenants and Agreements shall extend for five (5) years after the funds provided for this Project are fully spent, in accordance with 24 CFR 570.505 and with applicable OMB circulars. ill. PAYMENT It is expressly agreed and understood that the total amount to be paid by the Grantee under this Agreement shall not exceed ONE HUNDRED FIFTY THOUSAND AND NOll 00 DOLLARS ($150,000.00). Draw downs for the payment of eligible expenses shall be made against the line item budget specified in Exhibit B in accordance with performance. Expenses for general administration shall also be paid against the line item budget specified in Exhibit B and in accordance with performance. The Grantee will make direct payments to the contractor in accordance with Harris County guidelines. Invoices must be submitted on or before the fifteenth working day of the month for eligible costs incurred during the preceding month, and shall be on a form approved by Harris County Auditor. Prior to payment all invoices must be approved by the HCOHED and the Harris County Auditor. (A standard AIA form is acceptable.) The Grantee has no County funds for the payment of services to be rendered under this Agreement. It is expressly understood that Grantee's obligation under this Agreement is contingent upon receipt of funds for such purpose from the U.S. Department of Housing and Urban Development (HUD), by virtue of the above mentioned Grant(s). Accordingly, notwithstanding anything herein to the contrary, the maximum liability of the Grantee under this Agreement, shall not exceed $150,000.00 or the amount actually received by the Grantee from HUD pursuant to the Grant, whichever is less, and Subrecipient, by execution of this Agreement, acknowledges its understanding of this fact. The Subrecipient understands and agrees that reimbursement for costs under this Contract shall be in accordance with all applicable federal rules, regulations, cost principles, and other requirements relating to reimbursement with Housing and Urban Development (HUD) grant funds. The County shall pay for only those costs that are allowable under said rules, regulations, cost principles and requirements. The Subrecipient agrees to repay County in full for any costs paid by County under this contract that are disallowed or determined to have been ineligible for payment with HUD grant funds. V. NOTICES Communication and details concerning this contract shall be directed to the following contract representatives: Grantee Subrecipient David B. Turkel, Director Mr. John Joerns 4