05-1584 SJRWMD Agreement - Laserfiche WebLink

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Contract #S136213 ARTICLE III - COMPENSATION A. Amount of Fundinl!. For satisfactory performance of the Work, the District agrees to pay City a sum in the amount not to exceed $350,000 (the "Total Compensation"). B. Multi-Year Fundinl! Allocation. The amount expended under this Agreement shall be paid in accordance with, and subject to the multi-year funding allocations for each District fiscal year indicated: Fiscal Year: October 1, 2005 - September 30,2005 Fiscal Year: October 1, 2005 - September 30, 2006 Fiscal Year: October 1, 2006 - September 30, 2007 Amount: $150,000 Amount: $150,000 Amount: $ 50,000 Funding for each applicable fiscal year of this Agreement is subject to District Governing Board budgetary appropriation, as provided in ARTICLE- FUNDING CONTINGENCY. The parties may mutually agree to re-allocate funding from the amount described above. Such reallocation shall be accomplished through a District Supplemental Instruction Form (Attachment I) without the necessity for further amendment of this Agreement. C. lnvoicinl! Procedure. All invoices shall reference contract number S1362l3 and shall be submitted to the St. Johns River Water Management District, Director, Division of Financial Management, 4049 Reid Street, Palatka, Florida 32177. City shall submit itemized montWy invoices based on the City's receipt and approval of invoice from the City's third-party Consultant, identifying the eligible costs for the actual work performed. The City shall include copies of invoices from the Consultant and the amount of payment requested, and shall bill as per Exhibit B, attached hereto and by reference made a part hereof. The District is committed to the opportunity for diversity in the performance of all procurements, and expects the City and its vendors (contractors and suppliers) to make good faith efforts to ensure that women and minority-owned business enterprises (W /MBE) are given the opportunity for maximum participation, as the prime, second- and lower-tier participants, and to report this participation as part of the invoicing procedure. The above information and reports shall be submitted by the City and approved by the District as a condition precedent to payment. Payment requests that do not correspond to the Project Budget or other requirements of this paragraph will be returned to the City without action within twenty (20) business days of receipt and shall state the basis for rejection of the invoice. Payments shall be made within forty-five (45) days of receipt of an invoice that conforms to ARTICLE Ill.C. D. Pavments. The District shall pay City one hundred percent (100%) of each approved invoice. E. Pavments Withheld. The District may withhold or, on account of subsequently discovered evidence, nullify, in whole or in part, any payment to such an extent as may be necessary to protect the District from loss as a result of: (1) defective Work not remedied; (2) failure of City to make payments when due to subcontractors or suppliers for materials or labor; (3) the District's determination that the Work cannot be completed for the remaining or unpaid funds, in such event the District shall provide written notice by certified mail to the City and the City (with the Cooperators agreement) shall have thirty (30) days, from the date of receipt of the District's Page30f 14