Common use of Final Agreement and Construction Clause in Contracts

Final Agreement and Construction. Once the Committee recommends approval of an application, a Funding Agreement for such application will be presented to the CRA for approval if funding is for more than $5,000. The Executive Director of the CRA, by virtue of these guidelines, has the authority to approve and sign Funding Agreements on behalf of the CRA for assistance totaling $5,000 or less. The Executive Director, at his or her discretion, may present any and all Funding Agreements to the CRA for approval. If approved for funding, the applicant (and property owner, if the tenant is the applicant) shall sign the required Funding Agreement. After the Funding Agreement has been executed on behalf of the CRA, the applicant may secure permission from the City to construct by securing appropriate building permits. Substantial modifications to final plans or change orders to construction documents which produce visible differences in the previously approved façade design, will require review and approval of the Façade Grants Review Committee. Evidence of licensure and insurance of the selected contractor(s) shall be submitted to the Façade Grants Coordinator prior to commencement of any work associated with the Grant. The CRA reserves the right to deny a request for reimbursement if the completed improvements substantially deviate from the improvements originally contemplated in the Committee’s approval and the Funding Agreement and the applicant failed to obtain approval of such deviations from the Committee.

Final Agreement and Construction. Once the Committee recommends approval of an application, a Funding Agreement for such application will be presented to the CRA for approval if funding is for more than $5,000. The Executive Director of the CRA, by virtue of these guidelines, has the authority to approve and sign Funding Agreements on behalf of the CRA for assistance totaling $5,000 or less. The Executive Director, at his or her discretion, may present any and all Funding Agreements to the CRA for approval. If approved for funding, the applicant (and property owner, if the tenant is the applicant) shall sign the required Funding Agreement. After the Funding Agreement has been executed on behalf of the CRA, the applicant may secure permission from the City to construct by securing appropriate building permits. Substantial modifications to final plans or change orders to construction documents which produce visible differences in the previously approved façade design, will require review and approval of the Façade DCRBIP Grants Review Committee. Evidence of licensure and insurance of the selected contractor(s) shall be submitted to the Façade Grants DCRBIP Program Coordinator prior to commencement of any work associated with the Grant. The CRA reserves the right to deny a request for reimbursement if the completed improvements substantially deviate from the improvements originally contemplated in the Committee’s approval and the Funding Agreement and the applicant failed to obtain approval of such deviations from the Committee.