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- ITEM-I - ACCURACY OF REQITALS,:DEFINED.7ER1VIS- The ParEies acknowledge the accuracy of the above Recitals, which are. <br />incorporated into and made a part of thls Agreement. Capital(zed terms used, but not <br />defined, herein shall have the meanings as set forth in the Orclinance. <br />ITEM II - PROJECT DESCRIPTION. . <br />For detailed description of the Project, refer to Schedule A"Project Description", attactied. <br />ITEM III -.TIME OF PERFORMANCE: FUTURE.AWARDS <br />The Project of the Organizatton is to commence March 1, 2098 and shall be undertaken <br />and oompleted In 'such sequence as to assure their expeditious completion in Ilght, of the <br />purposes of this Agreement, but in any event, the Project shall be completed by February <br />28, 20'19. The County shall have: no- obllgation to make another gran#; or loan to ihe <br />Organizatlon, under another round of the Program, ff any. Under no dreumstances shall <br />the Organ(zation be eitgible to apply for a grant in any subsequent round of the Program unless it has satisfactorily fulfilled; in the County's sole discretion, its obligations under <br />this Agreement ITEM JV - COMPENSATION AND.METHOO OF. PAYMENT A. ft is expr+essly understood and agreed that in no event will the total amount to be paid <br />-hereunder exceed the maximum sum of 154 000.00 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 invalved in performing the <br />necessary woric 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 Organlzatlon's schedule. <br />; <br />B. Establishment and Maintenance of Records - Records. shall be maintained with <br />respeot to alt 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 Agreemenf. . <br />C. Documentatfon _of Costs. - All casts shall be supported by properiy executed payrolls, <br />time records, invoices, agreements, or other official documentation evidencing in <br />2