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ITEM I - ACCURACY OF RECITALS; DEFINED TERMS <br />The Parties acknowledge the accuracy of the above Recitals, which are <br />incorporated into and made. a part of this Agreement. Capitalized terms used, but not <br />defined, herein shall have the meanings as set forth in the Ordinance. <br />ITEM II -PROJECT DESCRIPTION <br />For detailed description of the Project, refer to Schedule A "Project Description", <br />attached. <br />ITEM III -TIME OF PERFORMANCE; FUTURE AWARDS <br />The Project of the Organization is to commence April 1, 2017 and shall be undertaken <br />and completed in such sequence as to assure their expeditious completion in light of the <br />purposes of this Agreement, but in any event, the Project shall be completed by <br />December 31, 2017. <br />The County shall have no obligation to make another grant, or loan to the <br />Organization, under another round of the Program, if any. Under no circumstances <br />shall the Organization be eligible to apply for a grant in any subsequent round of the <br />Program unless it has satisfactorily fulfilled, in the County's sole discretion, its <br />obligations under this Agreement <br />ITEM IV -COMPENSATION AND METHOD OF PAYMENT <br />A. It is expressly understood and agreed that in no event will the total amount to be <br />paid hereunder exceed the maximum sum of $50,000.00 for the Project (the "Project <br />Award"). <br />B. The Project Award referred to in paragraph (A) above shall be paid on a quarterly <br />basis reimbursing 'the Organization for actual expenditures involved in performing <br />the necessary work as set forth in the Project Description and Budget. <br />ITEM V -REPORTING; RECORDS <br />A. Progress report and a quarterly request for reimbursement. The report must include <br />the current status of the Project and milestones articulated in Organization's <br />schedule. <br />B. Establishment and Maintenance of Records -Records shall be maintained with <br />respect to all matters covered by this Agreement. Except as otherwise authorized, <br />such records shall be maintained for a period of four years after receipt of the final <br />payment under this Agreement. <br />2 <br />