07-27-2005 Council Agenda - Laserfiche WebLink

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GENERAL CONDITIONS Accounting For all expenditures of funds made pursuant to this Agreement, the Grantee shall keep financial records including properly executed contracts, invoices, and other documents sufficient to evidence in proper detail the nature and propriety of the expenditures. Accounting methods shall be in accordance with generally accepted accounting principals. Payment/Disbursement Schedule Grantor shall disburse funds to the Grantee pursuant to this Agreement, based upon a payment request provided by the Grantor, submitted by the Grantee and reviewed and approved by the Grantor. Payment requests must be accompanied by supporting invoices that relate to activities in the approved Cleanup Budget. The amount of grant funds requested by the Grantee cannot exceed 75% of the total approved cleanup costs incurred by the Grantee as supported by invoices. Payment requests shall be reviewed and processed on a weekly basis. Term The Grantee shall perform and accomplish such purposes and activities specified herein during the period of June 10, 2005 to June 30, 2006. The Grantee may request an extension of this term if the Project is not complete as of June 30, 2006, however, all extensions are subject to statutory requirements and approval by the Grantor and other applicable state agencies. All requests for term extensions must be received in writing at le, 30 days prior to the grant end date. Reporting Grantee shall submit to the Grantor a report on the distribution of funds and the progress of the Project covered from the date of the grant award through June 30 of each year. The reports must be received by DEED no later than July 25 of each year. The report shall identify specific project goals listed in the application and quantitatively and qualitatively measure the progress of such goals. The report shall include data collected on the Project for use by the Department of Employment and Economic Development. Reporting forms will be provided by the Grantor. Provisions for Contracts and Subgrants The Grantee shall include in any contract and subgrant, in addition to provisions that define a sound and complete agreement, such provisions that require contractor and subgrantee compliance with applicable state and federal laws. Along with such provisions, the Grantee shall require that contractors performing work covered by this grant be in compliance with all applicable OSHA regulations, especially the federal Hazardous Waste Operations and Emergency Response Standards (29CFR 1910.120 and 29CFR 1926.65). current version. 03/31/00 2