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• Accounting and Finance Section at the <br />beginning of each State fiscal year from the <br />current cost accounting data. <br />c) Overhead costs shall be reimbursed as a <br />percentage of the total of direct labor <br />charges, fringe benefits and the cost of any <br />materials, equipment and personal expense <br />provided, such percentage to be determined by <br />the State Finance and Accounting Section at <br />the beginning of each State fiscal year from <br />the current cost accounting data. <br />d) Any material used shall be reimbursed at <br />• their actual cost to the State. <br />• <br />3. Upon receipt of said invoice, the City shall <br />promptly pay the State the full amount due. In the event the. <br />City fails to fulfill any monetary obligation created by this <br />Agreement, the Commissioner of Transportation may withhold <br />payment of State Aid money to the City to the extent provided by <br />Minnesota Statutes, Section 161.38, Subdivision 6. <br />4. Either party may terminate the terms and <br />conditions covering maintenance and operation for the traffic <br />control signals covered by this agreement upon providing 30 days <br />notice to other party. The City's termination must be <br />accomplished by a resolution of the City Council. The State's <br />termination must be accomplished by a letter from Mn /DOT's <br />72760 -R <br />-3- <br />