2002-10-28 Regular Meeting and Workshop Meeting

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e . Within thirty (30) days after notification by Grantee to Subrecipient that the bid has been approved, the contract shall be awarded to the lowest and best 'bidder, in accordance with the usual and customary procedures of the Grantee, Grantee will contract directly with the contractor, incorporating all requirements of this Agreement therein, The Grantee may terminate this Agreement without cause, at any time prior to the letting of the contract for construction of the Project, by written notice to the Subrecipient, and the Subrecipient shall have no obligation thereurtder except to return to Grantee the funds paid to the Subrecipient, if any, by Grantee pur$uant to this Agreement. During the construction of the Project, Grantee and Subrecipient shall have the right to review all documents, maps, plats, records, photographs, reports or plans affecting said construction. . B, Performance Monitoring The Grantee will monitor the performance of the Subrecipient against goals and performance standards required herein, Substandard performance as determined by the Grantee will constitute non-compliance with this Agreement. If action to correct such substandard performance is not taken by the Subrecipient within a reasonable period of time after being notified by the Grantee, contract suspension or termination procedures will be initiated pursuant to 24 CFR.85.43, II. TIME OF PERFORMANCE Services of the Subrecipient shall start within 7 days after the date of this Agreement and shall terminate when the Project is completed. In addition; the Subrecipient's covenants and Agreements shall extend for five (5) years after the funds provided for this Project are fully spent, in accordance with 24 CFR 570.505 and with applicable OMB circulars. III. PAYMENT It is expressly agreed and understood that the total amount to be paid by the Grantee under this Agreement shall not exceed One Hundred Thousand and Noll 00 Dollars($IOO,OOO.OO), 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,) 3