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Agenda - Council - 08/25/2015
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Agenda - Council - 08/25/2015
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3/17/2025 4:07:50 PM
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8/26/2015 9:38:42 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
08/25/2015
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Exhibit B. <br />§ 11.8.2 For Reimbursable Expenses the compensation shall be the expenses incurred by the Architect and the <br />Architect's consultants plus ten percent ( 10 %) of the expenses incurred. <br />PAGE 16 <br />Zero <br />§ 11.10.1 An initial payment of zero ($ 0 ) shall be made upon execution of this Agreement and is the minimum <br />payment under this Agreement. It shall be credited to the Owner's account in the final invoice. <br />§ 11.10.2 Unless otherwise agreed, payments for services shall be made monthly in proportion to services performed. <br />Payments are due and payable upon presentation of the Architect's invoice. Amounts unpaid forty-five (45 ) days <br />after the invoice date shall bear interest at the rate entered below, or in the absence thereof at the legal rate <br />prevailing from time to time at the principal place of business of the Architect. <br />Statutory rate per Minn. Stat. 549.09. <br />§ 11.10.4 Records of Reimbursable Expenses, expenses pertaining to Additional Services, and services performed on <br />the basis of hourly rates shall be : :' .. _ :.- : e .provided to the Owner <br />monthly. <br />Additions and Deletions Report for AIA Document 8101 Th1— 2007 (formerly B161 TM —1997). Copyright* 1974, 1978, 1987,1997 and 2007 by The <br />American Institute of Architects. All rights reserved. WARNING: This AIA® Document is protected', by U.S. Copyright Law and International Treaties. <br />Unauthorized reproduction or distribution of this AIA® Document, or any portion of it, may result In severe civil. and criminal penalties, and will be <br />prosecuted to the maximum exteht possible under the law. This document was produced by AIA software at 10:10:07 on 07/02/2015 under Order No. <br />8583698391 which expires on 07/01/2016. and is not for resale. <br />User Notes: (3B9ADA20) <br />
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