FINANCIAL CONDITIONS SECTION 1 BUDGET AND COMPENSATION. The City shall reimburse the Recipient its allowable costs for the services identified in this Agreement not to exceed DOLLAR AMOUNT ($ ) upon presentation of properly executed reimbursement forms as provided or approved by the City. Such reimbursement shall constitute full and complete payment by the City under this Agreement. Allowable costs shall mean those necessary and proper costs identified in the Recipient’s Competitive Process application and approved by the City unless any or all such costs are disallowed by the State of Colorado. Any reimbursements made under this Agreement must comply with the applicable City regulations. The Recipient may not request disbursement of funds under this Agreement until the funds are needed for payment of eligible costs. The amount of each request must be limited to the amount needed.
FINANCIAL CONDITIONS SECTION 1 BUDGET AND COMPENSATION. The City shall reimburse the Recipient its allowable costs for the services identified in this Agreement not to exceed FORTY-FIVE THOUSAND Dollars ($45,000), upon presentation of properly executed reimbursement forms as provided or approved by the City. Such reimbursement shall constitute full and complete payment by the City under this Agreement. Allowable costs shall mean those necessary and proper costs identified in the Recipient’s Competitive Process application and approved by the City unless any or all such costs are disallowed by the State of Colorado. Any reimbursements made under this Agreement must comply with the applicable City regulations. The Recipient may not request disbursement of Grant funds under until the funds are needed for payment of eligible costs. The amount of each request must be limited to the amount needed.
