Laserfiche WebLink
66264 <br /> <br />AS provided by Minnesota Statute section 16B.06, subdivision 4, <br />the books, records, documents, and accounting procedures and <br />practices of the City relevant to this agreement are subject to <br />examination by the contracting department or agency, and either <br />the legislative auditor or the state auditor as appropriate. <br /> <br />Section C. Final Payment by the State <br /> <br />Final payment by the State to the City, of the total cost of the <br />State participation construction covered under this agreement <br /> <br />less the amount of funds advanced by the State, shall be made (1) <br /> <br />upon the satisfactory completion of all State cost participation <br />construction covered under this agreement, acceptance thereof by <br />the State and invoicing the State by the City in accordance with <br />a written procedure furnished the City by the State and (2) upon <br />completion of all contract construction. If the total cost of <br /> <br />the State participation construction covered under this agreement <br />is less than the total amount of funds advanced by the State, the <br />city shall promptly return the balance to the State without <br /> <br />interest. <br /> <br />Pursuant to Minnesota Statute section 15.415, the City waives <br />claim for any amounts less than $2.00 over the amount of State <br />funds previously received by the City, and the State waives claim <br />for the return of any amounts less than $2.00 of those funds <br />advanced by the State. <br /> <br />-13- <br /> <br /> <br />