09-26-2001 Council Agenda - Laserfiche WebLink

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Mn/DOT Agreement No. 81650 equaling 15% of the total project cost. Governmental Unit's total participation for this project will be one lump sum payment of $11,700.00 equaling 22.5% of the total project cost. Metro Transit's total participation for this project will be one lump sum payment of $13,000.00 equaling 25% of the total project cost. Ramsey County's total participation for this project will be one lump sum payment of $11,700.00 equaling 22.5% of the total project cost. City of Vadnais Heights' total participation for this project will be one lump sum payment of $5,200.00 equaling 10% of the total project cost. City of Little Canada's total participation for this project will be one lump sum payment of $2,600.00 equaling 5% of the total project cost. (2) Total Obligation. The total obligation of State for all compensation and reimbursements to Governmental Unit under this agreement will not exceed $7,800.00. (3) Invoices. State will promptly pay Governmental Unit after Governmental Unit presents an itemized invoice for the services actually performed and State's Authorized Representative accepts the invoiced services. Invoices must be submitted timely and according to the following schedule: Governmental Unit will submit one invoice to State upon completion of services, using the format set forth in Exhibit C entitled "Invoice" which is attached and incorporated into this Agreement. Local Units of Government's payment to Governmental Unit will be made within forty five (45) days of receipt of invoice similar in form to Exhibit C entitled "Invoice" and acceptance of such invoiced services by Local Units of Government's Authorized Representative. Invoice must contain the following information: Mn/DOT agreement number, billing address if different from business address, and Governmental Unit's original signature attesting that no previous charge for these services and/or goods has been included in any prior invoice. A duplicate copy of the invoice will be sent to State's Project Manager for approval prior to payment. The original of each invoice must be sent to State's Authorized Representative for review and payment. (4) 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 State's agency head. The balance due will be paid when State's agency head determines that Governmental Unit has satisfactorily fulfilled all the terms of this agreement. (5) Conditions of Payment. All services provided by Governmental Unit pursuant to this Agreement will be performed to the satisfaction of State and Local Units of Government, as determined at the discretion of their Authorized Representatives, and in accordance with all applicable federal, State and local laws, ordinances, rules and regulations. Governmental Unit will not receive payment for work found to be unsatisfactory, or performed in violation Rev 11/00 Joint Powers Agree Page 53 2