Agenda - Council - 03/14/2000 - Laserfiche WebLink

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F. AUDIT. The City shall comply with the Single Audit Act of 1984 and Office of Management and Budget (OMB) circular A-133, which are hereby incorporated by reference and made a part of this agreement. As provided under Minnesota Statutes Section 16C.05, subdivision 5, all books, records, documents, and accounting procedures and practices of the City are subject to examination by the United States Government, Mn/DOT, and either the legislative auditor or the siate auditor as appropriate, for a minimum of six years. The City shall be responsible for any costs associated with the performance of the audit. MAt2qTENANCB. The City shall assume full responsibility for the operation and maintenance of any facility constructed or improved under this Agreement. CLAIMS. The City shall pay any and all lawful claims arising out of or incidental to the performance of the Project work, in the event that the federal government does not pay the same. In all events, the City shall hold Mn/DOT harmless from any claims arising out of the Pr6ject(s). DUTIES OF Mn/DOT. ACCEPTANCE. Mn/DOT accepts appointment as Agent of the City and shall act in accordance herewith. AUTHORIZATION. Mn/DOT shall make the necessary requests to the Federal Highway Administration for authorization of federal participation in the Project(s), and reimbursements therefor under the terms of this agreement. C. PAYMBNTS. Mn/DOT shall receive the funds to be paid by the Federal Highway Administration for the Project(s). After review and approval of the payment request by Mn/DOT, Mn/DOT shall reimburse the City from said funds for the eligible federal share of each partial payment made to the contractor. Upon completion of the Project(s), Mn/DOT will perform a t'mal inspection. If the Project is found to have been completed in accordance with the plans and specifications, Mn/DOT shall then release any remaining funds due the City for the Project(s). I I I I I I I I I (Mn/DOT Agreement No, 80003) Page 5