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1. NOC Responsibilities. NOC agrees to do each of the following: <br />a. Coordinate the consultant hiring process for completion of the Study. <br />b. Share the professional services costs with the VLAWMO to complete the <br />Study. <br />c. Invoice VLAWMO for reimbursements at completion of study for its share <br />of the cost for professional services. <br />d. Provide for management and oversight of the Study. <br />e. Participate in the development of the Study and schedule partner <br />meetings with VLAWMO and The City when needed. <br />f. Provide required notices to affected property owners and other stakeholders <br />as may be necessary. <br />g. Allow the VLAWMO and the City to review and comment on a draft of the <br />Study before finalizing the document. <br />h. Share and distribute results and deliverables of the final Study to the <br />VLAWMO and the City. <br />2. VLAWMO Responsibilities. VLAWMO agrees to do each of the following: <br />a. Share 66.66 % of the professional services costs to complete the Study with <br />NOC not to exceed $24,912,000. <br />b. Pay invoices received from NOC for reimbursement of professional <br />services costs within 30 days of receipt. <br />c. Attend meetings and participate in discussion related to the development of <br />the Study. <br />d. Provide background information or data (if any) necessary for the <br />preparation of the Study. <br />e. Invoice the City at regular intervals in the Study development process for <br />its share of the cost for professional services. <br />3. City Responsibilities. The City agrees to do the following: <br />a. Share the professional services costs to complete the Study with <br />VLAWMO, not to exceed $11,061.00. <br />b. Pay invoices received from VLAWMO for reimbursement of professional <br />services costs within 30 days of receipt. <br />c. Attend meetings and participate in discussion related to the development of <br />the Study. <br />d. Provide background information or data (if any) necessary for the <br />preparation of the Study. <br />e. Assist NOC with required notices to affected property owners and <br />other stakeholders as may be necessary. <br />4. Use of Study. The reports or documents produced in whole or in part under this <br />DRAFT #2- Memorandum of Understanding- ISG Feasibility Study Nov. 26, 2024 <br />