Common use of FINANCIAL REQUIREMENTS AND PAYMENT Clause in Contracts

FINANCIAL REQUIREMENTS AND PAYMENT. 5.01 The maximum amount of funding that will be available to CITY for expenses which are eligible for reimbursement shall be calculated on a rate of $55.00 per capita utilizing 2018 population data set out in the attached Exhibit A. All calculations performed under this Grant Agreement to determine maximum funding available to CITY shall be performed by COUNTY and its final calculation shall be conclusive. Any funding allocated but unused by CITY as of December 1, 2020 shall be repurposed by COUNTY for any eligible COUNTY purpose. 5.02 CITY is responsible for complying with federal guidelines as well as any additional guidelines stipulated by COUNTY. Failure to comply with federal guidelines or requirements of COUNTY may result in recapture of funds allocated to CITY and/or denial of reimbursement requests. 5.03 CITY will be compensated in two distributions: 20% of allotted funds or THREE HUNDRED SEVENTY-EIGHT THOUSAND SEVENTY DOLLARS ($378,070.00) payable within ten (10) calendar days from execution of this Agreement (“First Disbursement”) and 80% or ONE MILLION FIVE HUNDRED TWELVE THOUSAND TWO HUNDRED EIGHTY DOLLARS ($1,512,280.00) (“Reimbursable Disbursements”) on a reimbursable basis once per month until the end of the term of this Agreement. Reimbursable Disbursements are contingent on full reporting of funds expended under the First Disbursement to COUNTY of expenses incurred. If COUNTY determines that sufficient progress is not made towards expenditures of advanced funds and/or CITY fails to meet financial reporting obligations, CITY will not receive the Reimbursable Disbursements of grant funds. 5.04 If COUNTY determines that the CITY has been overpaid any grant funds under this Agreement, including payments made inadvertently or payments made but later determined to not be actual and allowable allocable costs, the CITY shall return to COUNTY the amount identified by COUNTY as an overpayment. The CITY shall refund any overpayment to County within thirty (30) calendar days of the receipt of the notice of overpayment from County unless alternate payments plan is specified by COUNTY.

FINANCIAL REQUIREMENTS AND PAYMENT. 5.01 The maximum amount of funding that will be available to CITY VILLAGE for expenses which are eligible for reimbursement shall be calculated on a rate of $55.00 per capita utilizing 2018 population data population, set out in the attached Exhibit A. All calculations performed under this Grant Agreement to determine maximum funding available to CITY VILLAGE shall be performed by COUNTY and its final calculation shall be conclusive. Any funding allocated but unused by CITY VILLAGE as of December 1, 2020 shall be repurposed by COUNTY for any eligible COUNTY purpose. 5.02 CITY VILLAGE is responsible for complying with federal guidelines as well as any additional guidelines stipulated by COUNTY. Failure to comply with federal guidelines or requirements of COUNTY may result in recapture of funds allocated to CITY VILLAGE and/or denial of reimbursement requests. 5.03 CITY VILLAGE will be compensated in two distributions: 20% of allotted funds or THREE TWENTY- TWO THOUSAND FOUR HUNDRED SEVENTY-EIGHT THOUSAND SEVENTY THREE DOLLARS ($378,070.0022,473.00) payable within ten (10) calendar days from execution of this Agreement (“First Disbursement”) and 80% or ONE MILLION FIVE EIGHTY-NINE THOUSAND EIGHT HUNDRED TWELVE THOUSAND NINETY- TWO HUNDRED EIGHTY DOLLARS ($1,512,280.0089,892.00) (“Reimbursable Disbursements”) on a reimbursable basis once per month until the end of the term of this Agreement. Reimbursable Disbursements are contingent on full reporting of funds expended under the First Disbursement to COUNTY of expenses incurred. If COUNTY determines that sufficient progress is not made towards expenditures of advanced funds and/or CITY VILLAGE fails to meet financial reporting obligations, CITY VILLAGE will not receive the Reimbursable Disbursements of grant funds. 5.04 If COUNTY determines that the CITY VILLAGE has been overpaid any grant funds under this Agreement, including payments made inadvertently or payments made but later determined to not be actual and allowable allocable costs, the CITY VILLAGE shall return to COUNTY the amount identified by COUNTY as an overpayment. The CITY VILLAGE shall refund any overpayment to County within thirty (30) calendar days of the receipt of the notice of overpayment from County unless alternate payments plan is specified by COUNTY.

FINANCIAL REQUIREMENTS AND PAYMENT. 5.01 The maximum amount of funding that will be available to CITY TOWN for expenses which are eligible for reimbursement shall be calculated on a rate of $55.00 per capita utilizing 2018 population data population, set out in the attached Exhibit A. All calculations performed under this Grant Agreement to determine maximum funding available to CITY TOWN shall be performed by COUNTY and its final calculation shall be conclusive. Any funding allocated but unused by CITY TOWN as of December 1, 2020 shall be repurposed by COUNTY for any eligible COUNTY purpose. 5.02 CITY TOWN is responsible for complying with federal guidelines as well as any additional guidelines stipulated by COUNTY. Failure to comply with federal guidelines or requirements of COUNTY may result in recapture of funds allocated to CITY TOWN and/or denial of reimbursement requests. 5.03 CITY TOWN will be compensated in two distributions: 20% of allotted funds or THREE FIFTY-EIGHT THOUSAND EIGHT HUNDRED SEVENTY-EIGHT THOUSAND SEVENTY TWO DOLLARS ($378,070.0058,872.00) payable within ten (10) calendar days from execution of this Agreement (“First Disbursement”) and 80% or ONE MILLION FIVE HUNDRED TWELVE THOUSAND TWO HUNDRED EIGHTY THIRTY-FIVE THOUSAND FOUR HUNDRED EIGHTY-EIGHT DOLLARS ($1,512,280.00235,488.00) (“Reimbursable Disbursements”) on a reimbursable basis once per month until the end of the term of this Agreement. Reimbursable Disbursements are contingent on full reporting of funds expended under the First Disbursement to COUNTY of expenses incurred. If COUNTY determines that sufficient progress is not made towards expenditures of advanced funds and/or CITY TOWN fails to meet financial reporting obligations, CITY TOWN will not receive the Reimbursable Disbursements of grant funds. 5.04 If COUNTY determines that the CITY TOWN has been overpaid any grant funds under this Agreement, including payments made inadvertently or payments made but later determined to not be actual and allowable allocable costs, the CITY TOWN shall return to COUNTY the amount identified by COUNTY as an overpayment. The CITY TOWN shall refund any overpayment to County within thirty (30) calendar days of the receipt of the notice of overpayment from County unless alternate payments plan is specified by COUNTY.

FINANCIAL REQUIREMENTS AND PAYMENT. 5.01 The maximum amount of funding that will be available to CITY for expenses which are eligible for reimbursement shall be calculated on a rate of $55.00 per capita utilizing 2018 population data population, set out in the attached Exhibit A. All calculations performed under this Grant Agreement to determine maximum funding available to CITY shall be performed by COUNTY and its final calculation shall be conclusive. Any funding allocated but unused by CITY as of December 1, 2020 shall be repurposed by COUNTY for any eligible COUNTY purpose. 5.02 CITY is responsible for complying with federal guidelines as well as any additional guidelines stipulated by COUNTY. Failure to comply with federal guidelines or requirements of COUNTY may result in recapture of funds allocated to CITY and/or denial of reimbursement requests. 5.03 CITY will be compensated in two distributions: 20% of allotted funds or THREE TWO HUNDRED SEVENTYSIXTEEN THOUSAND AND SIXTY-EIGHT THOUSAND SEVENTY TWO DOLLARS ($378,070.00216,062.00) payable within ten (10) calendar days from execution of this Agreement (“First Disbursement”) and 80% or ONE MILLION FIVE EIGHT HUNDRED TWELVE SIXTY-FOUR THOUSAND TWO HUNDRED EIGHTY FORTY-EIGHT DOLLARS ($1,512,280.00864,248.00) (“Reimbursable Disbursements”) on a reimbursable basis once per month until the end of the term of this Agreement. Reimbursable Disbursements are contingent on full reporting of funds expended under the First Disbursement to COUNTY of expenses incurred. If COUNTY determines that sufficient progress is not made towards expenditures of advanced funds and/or CITY fails to meet financial reporting obligations, CITY will not receive the Reimbursable Disbursements of grant funds. 5.04 If COUNTY determines that the CITY has been overpaid any grant funds under this Agreement, including payments made inadvertently or payments made but later determined to not be actual and allowable allocable costs, the CITY shall return to COUNTY the amount identified by COUNTY as an overpayment. The CITY shall refund any overpayment to County within thirty (30) calendar days of the receipt of the notice of overpayment from County unless alternate payments plan is specified by COUNTY.