1998 013 Ordinance - Laserfiche WebLink

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.- Project, the amounts improperly expended or not expended shall be returned to the Grantor within thirty (30) days after the expiration or termination of this Agreement. In the event that the Project does not become operational and/or is abandoned, all moneys paid by the Grantor to the Grantee under this Agreement shall be remitted to the Grantor by the Grantee within thirty (30) days after such event has occurred. 3. Accounting of Funds. The Funds and any and all interest income therefrom shall be deposited and maintained in a separate account upon the books and records of the Grantee (the "Account"). The Grantee shall keep all records of the Account in a manner which is consi.stentwith generally accepted accounting principles. All disbursements from the Account shall be for obligations incurred in the performance of this Agreement and shall be supported by contracts, invoices, vouchers, paid receipts and other data, as appropriate, evidencing the necessity of such expenditure. Failure to comply with this requirement shall allow Grantor to withhold payment allocation requests until such compliance is demonstrated. 4. $epresentations ofthe Grantor.. The Grantor shall submit a description of the Project to be funded to the State of Ohio, Department of Transportation to ensure that funds are distributed in accordance with Article XII, Section 5a of the Ohio Constitution. 5. ~m~etitive Bid Requirements. The Grantee shall comply with all applicable state and local competitive bidding requirements. 6. Highwa~Designation Requirements. If the Project involves a highway designated as United States or State Route under the jurisdiction of the State of Ohio, Department of Transportationand is outside the limit of a municipal corporation, then the Grantee shall submit, in writing, prior to undertaking any construction, a complete set of construction plans, specifications, and a construction time schedule to the State of Ohio, Department of Transportation for approval. 7. Proiect Com lep tion. The Project shall be completed not later than June 30, 1999 (the "Project Completion Date"). If it is anticipated that the Grantee will not have completed the Project by the Project Completion Date, the Grantee must request an extension of time for the Project Completion Date within sixty (60) days before the Project CompletionDate, unless otherwise agreed upon by the Grantor. It will be within the sole discretion of the Grantor to grant such extension of time. 8. Submission of Annual Progress Reports. The Grantee shall submit to the Grantor an Annual Employment VerificationReport, as specified by the Grantor, detailing the progress of the Project, the number of employees who have been hired and retained by the company or companies that have benefitted from this grant of funds. Such Annual Employment Verification Report shall be received by the Grantor no later than January 15th of each year. Failure of the Grantee to submit the Annual Employment Verification Report shall be cause for the Grantor to terminate this Agreement as set forth in Section 22 of this Agreement. All costs incurred by the Grantee in complying with the reporting requirements contained in this Agreement shall be borne by the Grantee and shall not be an allowable expense of the Funds. 629fy98~mayfield.142 ~ 2