9.1. SR 07-21-2014 - Laserfiche WebLink

Home Browse Search

4 Consideration and Payment 4.1 Consideration. Consideration for all services performed by Grantee pursuant to this grant agreement shall be paid by the State as follows: ].COMPENSATION: Compensation in an amount not to exceed $2,900,000,based on the following computation: See Attachment A for Project budget. 2.MATCHING REQUIREMENTS: Grantee certifies that the following matching requirement for the Grant will be met by GRANTEE. The total project cost is $2,900,000. Grantee agrees to match at least$0 of this project cast. THE TOTAL STATE OBLIGATION FOR ALL COMPENSATION AND REIMBURSEMENTS TO GRANTEE SHALL NOT EXCEED:TWO MILLION NINE HUNDRED THOUSAND DOLLARS Funds made available pursuant to this Agreement shall be used only for expenses incurred in performing and accomplishing the purposes and activities specified herein. Notwithstanding all other provisions of this Agreement, it is understood that any reduction or termination of funds allocated to the State may result in a like reduction to the Grantee, 4.2.Payment (1) Payment. The State shall disburse funds to the Grantee pursuant to this Agreement on a reimbursement basis, based upon a payment request and required expenditure documentation submitted, as defined in current Reimbursement Manual, by the Grantee; and reviewed and approved by the State. The Grantee shall submit at least one payment request each quarter. The Grantee shall submit a final billing within 30 days of the end of the program period, or the expiration of the grant as specified herein, If necessary, advance payments on grants shall be negotiated between the State and Grantee on a case by case basis. In order to make advance payments,the Grantee must prepare and submit a written justification to the State that details the specific need to utilize advance payments. A copy of the signed justification must be maintained in the grant file. All advance payments on grants must be reconciled within 12 months of issuance or within 60 days of the end of the grant period,whichever comes first. (2) Retainage. Under Minnesota Statutes Section 16C.08,subdivision 5(b),no more than 90%of the amount due under this agreement may be paid until the final product of this agreement has been reviewed by the State's agency head. The balance due will be paid when the State's agency head determines that the Grantee has satisfactorily fulfilled all the terms of this agreement. Unless specifically excluded in writing by the commissioner. (3) Federal,funds. (Where applicable,if blank this section does not apply) Payments under this grant agreement will be made from federal funds obtained by the State through Title CFDA number of the Act of The Grantee is responsible for compliance with all federal requirements imposed on these funds and accepts full financial responsibility for any requirements imposed by the Grantee's failure to comply with federal requirements. 5 Use of Funds 5.1 The Grantee shall use the proceeds of this agreement only for the eligible direct expenditures of the Program as described in the approved accomplishment plan. 5.2 The Grantee may provide portions of the proceeds of this agreement to the State. Work done by the State must be so specified in the approved accomplishment plan. A letter shall be submitted to the State's authorized representative and include:the specific area of the accomplishment plan authorizing the Work;the portion of the proceeds to be used by the State;the name,title,address,phone number and e-mail address for the State's staff member assigned to accomplish the work;the expected completion date of the work; and a brief description of the nature of the work sufficient as the basis for judgment of whether or not the work was accomplished. The State will have the opportunity to review the letter and approve the work prior to accepting the funds. The Grantee's proceeds available under clause 4,Consideration and Payment, of this agreement shall be reduced by the amount provided for State use.In return,the State agrees to report back to the Grantee as to how appropriation funds were spent once the work is completed. z Grant (Rev.8111)