BUDGET AND METHOD OF PAYMENT. “VIP” will carry out and oversee the implementation of the project as set forth in this Agreement and agrees to perform the required services under the general coordination of HCD. In addition, and upon approval by Augusta, “VIP” may engage the services of outside professional services consultants and contractors to help carry out the program and projects.
A. Augusta shall designate and make funds available in the following manner:
1. Augusta agrees to pay “VIP”, a maximum of $205,167.56 under this Agreement for project expenses incurred as outlined in ARTICLE I, Scope of Services, subject to “VIP” ’s compliance with all terms and conditions of this Agreement and the procedures for documenting expenses and activities as set forth in said Agreement.
2. The method of payment for construction costs, including only materials and labor as outlined and approved on the Work Write-Up, not to exceed the aforementioned contracted amount of $205,167.56 and shall be on a pay for performance basis provided “VIP” and HCD determine the progress is satisfactory. “VIP” shall utilize the AIA Form provided by HCD (see Appendix). For invoicing, “VIP” will include documentation showing proof of completion of work in accordance with the amount requested, inspected, and accepted by HCD, lien waivers for vendors and sub-contractors, as specified in the Work Write-Up found in Exhibit B & E.
3. When nearing 50%, the Developer, “VIP”, should be prepared to pay their 50%: $102,583.78 as agreed to HCD for material and labor only.
4. HCD will monitor the progress of the project and “VIP” ’s performance on a weekly basis with regards to the production of housing units and the overall effectiveness of project.
5. Upon the completion of this Agreement, any unused or residual funds remaining shall revert to Augusta and shall be due and payable on such date of the termination and shall be paid no later than thirty (30) days thereafter. “VIP” and HCD shall share in the cost and proceeds of developing the residence at 0000 Xxxxxx Xxxxxx as follows:
6. Funds may not be transferred from line item to line item in the project budget without the prior written approval of Augusta Housing and Community Development.
7. This Agreement is based upon the availability of funding under the Xxxxx Xxxxxx/Bethlehem Revitalization Project. Should funds no longer be available, it is agreed to by both parties that this contract shall terminate and any “VIP” deemed satisfactorily progress made within the contrac...
BUDGET AND METHOD OF PAYMENT. Sand Hills Urban Development, Inc. will be compensated in accordance with this Article II, Budget and Method of Payment, that specifically identifies the use of HOME funds and any other project funding as represented in Article II. C. 2 of this Agreement. Sand Hills Urban Development, Inc. will carry out this project with implementation oversight provided by HCD. Sand Hills Urban Development, Inc. agrees to perform the required services under the general coordination of HCD. In addition, and upon approval by Augusta, Sand Hills Urban Development, Inc., may engage the services of outside professional services, consultants, and contractors to help carry out the program and project.
BUDGET AND METHOD OF PAYMENT. CapitalRise will be compensated in accordance with this Article II, Budget and Method of Payment, that specifically identifies the use of HOME funds, and any other project funding as represented in Article II.
BUDGET AND METHOD OF PAYMENT. AMI will carry out and oversee the implementation of the project as set forth in this Agreement and agrees to perform the required services under the general coordination of the Augusta Housing and Community Development Department.
A. Augusta shall designate and make Bond funds available in the following manner:
1. For invoicing, through the Neighborly Software System, AMI will include documentation showing proof of completion of work in accordance with the amount requested, inspected, and accepted by HCD.
2. HCD will monitor the progress of the project and AMI’s performance on a weekly bi- weekly basis with regards to the production design plans.
3. Upon the completion of this Agreement, any unused or residual funds remaining shall revert to Augusta and shall be due and payable on such date of the termination and shall be paid no later than thirty (30) days thereafter.
4. This Agreement is based upon the availability of funding under the Xxxxx Xxxxxx/Bethlehem Revitalization Project. Should funds no longer be available, it is agreed to by both parties that this contract shall be terminate.
BUDGET AND METHOD OF PAYMENT. Antioch Ministries, Inc., Inc. will be compensated in accordance with this Article II, Budget and Method of Payment, that specifically identifies the use of HOME funds and any other project funding as represented in Article II. C. 2 of this Agreement. Antioch Ministries, Inc., Inc. will carry out this project with implementation oversight provided by HCD. Antioch Ministries, Inc., Inc. agrees to perform the required services under the general coordination of HCD. In addition, and upon approval by Augusta, Antioch Ministries, Inc., Inc., may engage the services of outside professional services, consultants, and contractors to help carry out the program and project.
BUDGET AND METHOD OF PAYMENT. Habitat for Humanity will be compensated in accordance with this Article II, Budget and Method of Payment, that specifically identifies the use of HOME funds and any other project funding as represented in Article II. C. 2 of this Agreement. Habitat for Humanity will carry out this project with implementation oversight provided by HCD. Habitat for Humanity agrees to perform the required services under the general coordination of HCD. In addition, and upon approval by Augusta, Habitat for Humanity, may engage the services of outside professional services, consultants, and contractors to help carry out the program and project.
BUDGET AND METHOD OF PAYMENT. JLA will carry out and oversee the implementation of the project as set forth in this Agreement and agrees to perform the required services under the general coordination of the Augusta Housing and Community Development Department. In addition, and upon approval by Augusta, JLA , may engage the services of outside professional services Consultants and Architect and/or Engineers to help carry out the program and projects.
A. Augusta shall designate and make CDBG/ BOND funds available in the following manner:
1. For invoicing, through the Neighborly Software System, JLA will include documentation showing proof of completion of work in accordance with the amount requested, inspected, and accepted by HCD.
2. HCD will monitor the progress of the project and JLA ’s performance on a weekly bi- weekly basis with regards to the production design plans.
3. Upon the completion of this Agreement, any unused or residual funds remaining shall revert to Augusta and shall be due and payable on such date of the termination and shall be paid no later than thirty (30) days thereafter.
4. This Agreement is based upon the availability of funding under the Sands Hills Master Redevelopment Project. Should funds no longer be available, it is agreed to by both parties that this contract shall be terminate.
BUDGET AND METHOD OF PAYMENT. Vetted Investments & Acquisition will be compensated in accordance with Article II, Budget and Method of Payment, that specifically identifies the use of HOME funds and any other project funding as represented in Article II. C. 2 of this Agreement. Vetted Investments & Acquisition will carry out this project with implementation oversight provided by HCD. Vetted Investments & Acquisition agrees to perform the required services under the general coordination of HCD. In addition, and upon approval by Augusta, Vetted Investments & Acquisition, may engage the services of outside professional services, consultants, and contractors to help carry out the program and project.
BUDGET AND METHOD OF PAYMENT. XxXxx Xxxxx will be compensated in accordance with this Article II, Budget and Method of Payment, that specifically identifies the use of HOME funds and any other project funding as represented in Article
BUDGET AND METHOD OF PAYMENT. Xxxxx Xxxxxx Development Corporation will be compensated in accordance with this Article II, Budget and Method of Payment, that specifically identifies the use of HOME funds and any other project funding as represented in Article II. C. 2 of this Agreement. Xxxxx Xxxxxx Development Corporation will carry out this project with implementation oversight provided by HCD. Xxxxx Xxxxxx Development Corporation agrees to perform the required services under the general coordination of HCD. In addition, and upon approval by Augusta, Xxxxx Xxxxxx Development Corporation, may engage the services of outside professional services, consultants, and contractors to help carry out the program and project.
