FUNDING AND METHOD OF PAYMENT. 3.1 The maximum amount payable by the CITY under this Agreement will be One Hundred Thousand Dollars and 00/100 ($100,000.00). It is expressly understood and agreed by the Parties that the funds contemplated by this Agreement originated from federal ARPA funds and funding is contingent upon approval and funding by the Boynton Beach City Commission. SUBRECIPIENT agrees to reimburse CITY, in full, all funds remitted to SUBRECIPIENT by CITY that do not comply with any and all requirements for use of ARPA funding.
3.2 The CITY will be invoiced by the SUBRECIPIENT for eligible expenses on a reimbursement basis, and will disburse payments once per quarter unless there is a mutual written agreement otherwise (see Attachment “A” Scope of Services). Bills shall be submitted by the SUBRECIPIENT at least two weeks in advance and will be paid provided appropriate documentation and status and beneficiary reports are attached to the invoice.
3.3 Payment by the CITY shall be contingent upon timely receipt of accurate and complete reports and records required by this Agreement.
FUNDING AND METHOD OF PAYMENT. The AASM Foundation will provide funds in the amount of $xxx,xxx.xx in totality to Awardee in two separate installments as follows:
1) First payment of $xxx,xxx.xx in the form of a cash advance upon receipt of a signed contract.
2) The final payment of $xx,xxx.xx will be remitted upon receipt and approval of the final report, which must include summary of the entire project (see Section 13, Reporting/Deliverables). Checks will be made to: [Sponsoring Organization] and mailed to: [Insert Address Line 1] [Insert Address Line 2] [Insert Address Line 3] This contract is contingent upon the availability of funding for the project and term outlined above. The Awardee will have no right of action against the AASM Foundation in the event that the AASM Foundation is unable to fulfill its obligations under this contract as a result of lack of sufficient funding. If funds become unavailable, provisions of termination will apply.
FUNDING AND METHOD OF PAYMENT a) Measure M allocations are issued twice per year and funds are disbursed on a cost reimbursement basis.
b) Allocation will be issued twice a year, once for 1st half of the fiscal year (July – December) and once for the 2nd half (January – June). Local Jurisdiction have the option to wait until the 2nd half funds become available to submit one reimbursement request for the entire fiscal year. Allocation will include any unused rollover from previous years.
c) C/CAG agrees that the Local Jurisdiction will receive their biannual funding allocation of the net Measure M revenue collected for the Program between July 1, 2021, and June 30, 2026. C/CAG agrees to pay the Local Jurisdiction its allocated share on a reimbursement basis.
d) The amount allocated for each jurisdiction is calculated based on a formula consisting of 50% population share and 50% road miles. A minimum amount of $75,000 is guaranteed per year for each jurisdiction.
e) The Local Jurisdiction will seek reimbursement only for the approved congestion management and stormwater pollution prevention programs listed in the Exhibit A, Section 3.3 of Measure M Implementation Plan (FY2021/22 – 2025/26).
f) The Local Jurisdiction has flexibility on the use of funds between the Traffic Congestion Management and Stormwater Pollution Prevention. There are no requirements to split the funds equally between the categories.
g) The Local Jurisdiction shall submit reimbursement request at a maximum twice a year, accompanied by invoices issued by the Local Jurisdiction's contractor or Local Jurisdiction's progress payments, as proof that program services were rendered and paid for by the Local Jurisdiction. Reimbursement requests can be delivered, mailed or emailed to C/CAG as follows: City/County Association of Governments 000 Xxxxxx Xxxxxx, 0xx Xxxxx Xxxxxxx Xxxx, XX 00000 Attention: Xxx Xxxxx xxxxxx@xxxxxx.xxx
h) Contingent upon Local Jurisdiction’s satisfactory completion of work products or milestones, as applicable, Local jurisdiction shall submit invoices to C/CAG for that portion of the funds available to Local Jurisdiction that have been expended. In addition, all supporting documentation (e.g. photos of completed capital projects) must accompany expenditures included on Local Jurisdiction’s invoices. Upon receipt of an invoice and its accompanying documentation, C/CAG shall pay the amount claimed under each invoice, up to the maximum amount allocated biannually, within thirty (30) days of receipt of ...
FUNDING AND METHOD OF PAYMENT. A. Partner agrees to enter into a separate agreement with VENDOR, a Commute Management Platform Vendor to implement the Platform described in Attachment A for a minimum of 36-months in the amount of [funding] dollars ($X). MTC agrees to reimburse Partner a total amount up to [funding] dollars ($X) (“Maximum Platform Payment”) for the platform, and if applicable, MTC agrees to reimburse Partner a total amount up to [funding] dollars ($X) (“Maximum Incentives Payment”) for incentives. Partner agrees to provide matching funding of minimum of [funding] dollars ($X) (X% of setup fees and software subscription and licenses for 36 months for up to X users) and, [additional amount] for costs for additional users above 3,000 users in the agreement between Partner and the Vendor, consistent with Attachment B. Funding Breakdown. MTC funding and Partner funding covers the setup fee and 36 months of the software subscription and user licenses.
B. Partner may submit invoices to MTC after Partner pays invoices from the Vendor and MTC will reimburse for up to 75% of eligible costs. Payment shall be made by MTC within thirty (30) days of receipt of an acceptable invoice, approved by the MTC Project Manager or a designated representative, consistent with Attachment C, Sample Invoice, including all supporting details, proof of payment, and certification that the invoice is accurate and not the subject of a prior billing. All invoices shall be submitted electronically via email to MTC at xxxxxxx@xxxxxxxxxxxx.xxx or in writing to: Attn: Accounting Section Metropolitan Transportation Commission
C. Subject only to duly executed amendments, it is expressly understood and agreed that in no event will the total reimbursement to be paid by MTC under this Agreement exceed the Maximum Platform Payment and Maximum Incentive Payment as stated in Article 3.
FUNDING AND METHOD OF PAYMENT. 4.1 The maximum amount payable by the CITY under this Agreement shall be $24,960.00. This shall be the maximum expenditures authorized for payment by the City under this agreement. In no event shall the CITY be liable for any sum exceeding the above stated amount.
4.2 CITY agrees to fund SUBGRANTEE for the eligible Project(s) expenses incurred as provided for in the attached Exhibit "B" provided that a suspension of payment as set forth in Article XII has not occurred, and provided further that SUBGRANTEE complies with the procedures for invoices and payments as set forth in Article V.
FUNDING AND METHOD OF PAYMENT a) C/CAG agrees that the District shall receive Measure M revenue collected in the amount of $1,400,000 per fiscal year, for the Program, which C/CAG agrees to pay the District on a reimbursement basis.
b) C/CAG shall provide the District the actual allocation amount annually once all Measure M revenue is collected for the applicable fiscal year.
c) The District shall submit xxxxxxxx on a quarterly basis accompanied by the activity reports and paid invoices issued by the District's contractor or District's progress payments as proof that Program services were rendered and paid for by the District, delivered or mailed to C/CAG as follows: City/County Association of Governments 000 Xxxxxx Xxxxxx, 0xx Xxxxx Xxxxxxx Xxxx, XX 00000 Attention: Xxxx Xxxxx
d) Upon receipt of the invoice and its accompanying documentation, C/CAG shall pay the amount claimed under each invoice, up to the maximum amount available pursuant to this Agreement, within thirty (30) days of receipt of the invoice.
e) Subject to duly executed amendments, it is expressly understood and agreed that in no event will the total funding commitment under this agreement exceed 22% of the net Measure M revenue collected, estimated at approximately $1,400,000 per fiscal year, unless revised in writing and approved by C/CAG and the District.
FUNDING AND METHOD OF PAYMENT. A. [Partner] agrees to enter into a separate agreement with Luum, a Commute Management Platform Vendor (herein called “the Vendor”) to implement the Platform described in Attachment A for a minimum of 36-months in the amount of [funding] dollars ($X). MTC agrees to reimburse [Partner] up to [funding] dollars ($X) from Regional Measure 2 Marketing funds (herein called (“RM2”). [Partner] agrees to provide [funding] dollars ($X) in the agreement between [Partner] and the Vendor. MTC funding covers 100% of the one-time installation fee and years one and two of the software subscription; and 50% of years one and two of the user licenses. [If applicable: MTC will also cover 30% of years one and two of the parking management module.]
B. [Partner] may submit invoices to MTC after [Partner] pays invoices from the Vendor. Payment shall be made within thirty (30) days after receipt by MTC of an acceptable invoice consistent with Attachment B, Sample Invoice, including all supporting details, proof of payment, and certification that the invoice is accurate and not the subject of a prior billing. The invoice shall be subject to the review and approval of MTC’s Project Manager. [Partner] shall deliver or mail invoice to MTC, as follows:
C. Subject only to duly executed amendments, it is expressly understood and agreed that in no event will the total reimbursement to be paid by MTC under this Agreement exceed the [funding] dollars ($X).
FUNDING AND METHOD OF PAYMENT. A. The annual maximum amount payable by CSC to PROVIDER for the period of October 1, 2022, through September 30, 2023 shall be $000,000 (“Contract Amount”). The annual maximum amount payable by CSC to PROVIDER for the period of June/July/August 1, 2022, through September 30, 2022 shall be $000,000; and for the period of October 1, 2022, through September 30, 2023 shall be $000,000, for a total of $000,000 (“Contract Amount”).
B. The PROVIDER agrees to provide a CSC-required Match in the amount of $00,000 for the period of October 1, 2022, through September 30, 2023. The PROVIDER agrees to provide a CSC-required Match in the amount of $00,000 for the period of July/August 1, 2022, through September 30, 2022; and $00,000 for the period of October 1, 2022, through September 30, 2023.
C. The CSC agrees to pay for units of service or other deliverables actually provided, invoiced and documented as specified in Exhibit A, Scope of Work. An original invoice, in the format prescribed by the CSC, is due on or before the tenth (10th) day of the month following the month in which services were rendered. CSC agrees to reimburse PROVIDER on a monthly billing basis. In order to be deemed proper as defined by the Florida Prompt Payment Act, all invoices must comply with the requirements set forth in this Agreement and must be submitted on the forms as prescribed by CSC. Invoices and/or documentation returned to PROVIDER for corrections may be cause for delay in receipt of payment. Late submission may result in delay in receipt of payment. CSC shall pay PROVIDER within thirty (30) calendar days of receipt of PROVIDER'S properly submitted invoice.
D. The PROVIDER shall submit the invoice for the end of the CSC’S fiscal year, for payment to the CSC no more than fifteen (15) days after the last day of the month the contract is terminated. If the PROVIDER fails to do so, all rights to payment are forfeited and the CSC will not honor any requests submitted after the aforesaid time period. Any payment due under the terms of this contract may be withheld until all reports due from the PROVIDER are received by the CSC and any necessary adjustments thereto have been approved by the CSC.
E. In the event this Agreement provides for more than one service or program, the CSC Programs Manager may shift funding between services and/or program(s) components, at any time, upon written notice to PROVIDER; however, the Programs Manager may not increase funding in excess of the Contract Amou...
FUNDING AND METHOD OF PAYMENT. UNITED WAY shall fund the PROVIDER in the aggregate amount of (the "Allocated Amount") for the period from July 1, 2013through June 30, 2014, (the "Funding Period") (unless funding is terminated under the provisions of this Agreement). PROVIDER will submit monthly invoices electronically (EXHIBIT C1) to UNITED WAY within 10 calendar days after the end of the month in which services were rendered. UNITED WAY agrees to reimburse PROVIDER within 5 business days after the 10th of the month. Invoices and/or documentation returned to PROVIDER for corrections or late submission thereof may be cause for delay in receipt of payment. Further, UNITED WAY may deduct any monies due from PROVIDER from any outstanding invoice, as a result of an audit, evaluation, or other situation where UNITED WAY identifies money due from PROVIDER to UNITED WAY. If the PROVIDER is unable or unwilling to utilize the funds in the agreed manner or according to the program budget (EXHIBIT D) the PROVIDER must contact UNITED WAY within 10 business days with its recommendation(s) regarding the unexpended amount of funding. Revised budgets may be subject to renegotiation. All funds not expended for the purposes agreed to by the PROVIDER and UNITED WAY must be returned to UNITED WAY at the end of the Funding Period or at such time as it is determined by either the PROVIDER or UNITED WAY that the funds will not be expended for the purposes agreed to by the PROVIDER and UNITED WAY. This Agreement may be renewed at the sole option of UNITED WAY. The PROVIDER understands and acknowledges that an extension of the initial Agreement period by UNITED WAY shall be contingent upon the following: Continued demonstrated and documented need for the services or priority area of funding; Satisfactory program performance and utilization by PROVIDER; Demonstrated financial stability by PROVIDER; The availability of funds from UNITED WAY and approval of the board; Satisfactory Agreement compliance by PROVIDER. UNITED WAY has the authority to make adjustments, (subject to funding availability), to: (a) the maximum renewable funding for under this Agreement; (b) the maximum funding under this Agreement; and (c) payment schedules throughout the Agreement Term. Such authority and discretion are to be exercised for the purpose of maximizing expenditure of UNITED WAY funds. Such adjustments may be triggered by under utilization by PROVIDER; availability of funds; or any other reason in furtherance of the objectives o...
FUNDING AND METHOD OF PAYMENT. The Parties will provide in-kind contributions and will be reimbursed for all non-in-kind contributions, as delineated in Attachment B, Project Budget. The District will serve as fiscal agent for the Project. The District shall establish a separate Fund to manage funds related to this Project and shall use monies deposited in this Fund for no other purpose than to pay eligible Project-related expenses. The District will provide payment to Parties for eligible Project-related staff hours, purchases, operation, and/or marketing costs. Parties shall submit quarterly invoices with all supporting documentation within thirty days of the end of the quarter. FTA funding will be dispersed on a reimbursement basis. Upon District approval of a submitted quarterly invoice, the District will seek FTA reimbursement for the Project cost and will disperse payment to the Parties upon receipt of funds from FTA. In the event that the Project costs exceed the budgeted amounts, as delineated in Attachment B, Project Budget, the Parties expressly agree that no Party has an obligation to provide funds in excess of the funds and/or in-kind contributions delineated in Attachment B, Project Budget, unless there is approval of additional funding and/or in-kind contributions for the Project and the Parties agree to execute a written amendment to this MOU to reflect any additional funding and/or contributions. In the event that Project cost is less than that budgeted, the in-kind contributions of each of the Parties will be reduced proportionately.
