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substantial progress within the timespan specified in the <br /> application may be terminated at the sole discretion of the <br /> AUTHORITY upon 30 days written notice to the AGENCY. <br /> 4. ADMINISTRATION <br /> A. The AGENCY shall appoint a liaison person who shall be <br /> responsible for the overall administration of block grant <br /> funded project(s) and coordination with the AUTHORITY. The <br /> AGENCY shall also designate one or more representatives who <br /> shall be authorized to sign the monthly Voucher and Reporting <br /> Form. The names of the liaison persons and representatives <br /> shall be specified in the exhibits. <br /> B. For all agencies which are presently parties to Joint <br /> Cooperation Agreements with the AUTHORITY covering planning, <br /> distribution of funds, and program execution under the Act, <br /> the AGENCY remains subject to the provisions of such <br /> agreement. <br /> 5. COMPENSATION AND METHOD OF PAYMENT <br /> A. The AUTHORITY shall reimburse the AGENCY for the services <br /> specified in the exhibits in an amount not to exceed <br /> $110,000. Reimbursement shall be based on a Community <br /> Development Voucher and Reporting Form submitted with <br /> supporting documents and signed by the AGENCY's authorized <br /> representative. <br /> B. The AGENCY shall submit a properly executed Voucher and <br /> Reporting Form no later than fifteen (15) working days after <br /> the close of each billing period. The AUTHORITY will make <br /> payment to the AGENCY not more than twenty -one (21) working <br /> days after said invoice is received and approved by the <br /> AUTHORITY. The AUTHORITY will issue a statement of <br /> correction voucher in the event that the voucher request is <br /> erroneous. Payment does not constitute absolute approval. <br /> 6. OPERATING BUDGET <br /> The AGENCY shall apply the funds received from the AUTHORITY <br /> under this Agreement in accordance with the requirements of the <br /> exhibit(s) attached hereto. <br /> 7. FUNDING ALTERNATIVES AND FUTURE SUPPORT <br /> A. The AGENCY shall report all project income generated under <br /> this Agreement or generated through the project(s) funded <br /> under this Agreement. All project income must be returned to <br /> the AUTHORITY unless prior written agreement to the contrary <br /> is obtained. Any project income retained by the AGENCY shall <br /> be for the sole purpose of future use for eligible CDBG <br /> activities consistent with the scope and purpose of this <br /> project as set forth in this Agreement and the attached <br /> exhibits. Project income retained by the AGENCY shall be <br /> -3- <br />