4.15. SR 07-06-2015 - Laserfiche WebLink

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(e) If, as a result of action by the Grantee or the Authority, the entire amount of the Grant specified in Section 1.1 is not disbursed for Project cost reimbursement, or if the entire Grant amount is not fully disbursed within the term of this Agreement, the amount of the Grant shall be reduced. ARTICLE II - THE PROJECT Section 2.1. Grantee Responsibilities. With respect to the Project, the Grantee agrees to the following: (a)The Grantee acknowledges its responsibility to complete the Project regardless of the availability of additional loans or grants from the Authority. (b)The Grantee shall not enter into a sale, lease or transfer of any part of the Project, or change the use of the Project, without the prior written approval of the Authority if such sale, lease, transfer, or change in use would violate any terms or conditions of the Agreement. (c)The Grantee shall maintain adequate property insurance coverage for the Project in such amounts with such limits as it determines in good faith to be reasonable or in such amounts and with such limits as may be required by the Authority from time to time. (d)The Grantee agrees that it shall complete the Project for which financial assistance has been awarded under this Agreement in accordance with all applicable MPCA statutes, rules, regulations, reporting requirements, approvals, and certifications governing the design and construction of the Project, and shall operate its wastewater treatment system in compliance with MPCA permit requirements. (e)The Grantee agrees to exert all reasonable efforts to investigate claims which the Grantee may have against third parties with respect to the construction of the Project and, in appropriate circumstances, take whatever action, including legal action, the Grantee reasonably determines to be appropriate. (f)The Borrower shall display a sign with the Clean Water Legacy logo at the project site or other public location identifying the project was built with assistance from the Clean Water, Land & Legacy Amendment. Section 2.2. Construction Compliance. (a) The Grantee will comply with the provisions of State wage requirements given in Minnesota Statutes, Sections 177.41 to 177.44, as amended or supplemented from time to time; and (b) The Grantee will comply with Minnesota Statutes, Section 290.9705, as amended or supplemented from time to time by withholding eight percent (8%) of payments made to all out-of-state contractors once cumulative payments made to the contractor for work done in Minnesota exceed $50,000 in a calendar year, unless an exemption is granted by the Department of Revenue. Withheld amounts are required to be deposited with the Minnesota Department of Revenue. Page 2 of 5 Point Source Implementation-con PSIG_Elk River_01 (5/15)June 30, 2015