Agenda - Council - 07/28/2015 - Laserfiche WebLink

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NOW, THEREFORE, the parties hereto agree as follows: DEFINITIONS: As used in this Agreement, the following terms shall have the following meaning: Contractor: The contractor(s) who is (are) under contract with the Subgrantee to construct the Improvements. Disbursement Request: The form, substantially in the form attached hereto as Exhibit D, to be submitted to City when the disbursement is requested and which is referred to in Article VI. hereof. Improvements: Those improvements that are included among Project Costs that are eligible to be satisfied with proceeds of the Grants. Plans and Specifications: The final plans and specifications for the construction of the Project approved by the City. Project Costs: Those Project costs set forth and described in the Grant Agreements that are or will be eligible to be satisfied with the proceeds of the Grants under the Grant Agreements, this Agreement, and applicable law. II. TERM OF AGREEMENT This Agreement shall take effect and be in force from and after the Effective Date, and shall remain in effect until Subgrantee has performed all of its obligations hereunder, unless earlier terminated as provided in this Agreement. III. THE GRANTS Subject to the terms and conditions of this Agreement, the City awards the Subgrantee the Grants to be contributed by Subgrantee to the General Partner, immediately contributed by the General Partner to the Owner, and then used by the Owner for payment of Project Costs, which Grants shall be disbursed pursuant to this Agreement and under the terms and conditions of the Grant Agreements. In consideration for the Grants, the Subgrantee agrees to perform, and/or shall cause the Owner to perform, all of its obligations under this Agreement. IV. STATEMENT OF WORK The Subgrantee shall require the Owner to acquire and construct the Project in accordance with the Plans and Specifications, the Grant Agreements, and this Agreement in all material respects. V. CONDITIONS OF DISBURSEMENT 2