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III. C0IIPENSATION AND �1IETHOD OF P�Y:�IENT <br /> The maximum amount of this contract shall be FORT�' THOUSa\D DOLLARS <br /> (S-t0,000), which shall constitute full and complete compensation for NDC's services and <br /> professional staff time, travel costs, telephone, correspondence and general overhead. <br /> ��"ithin the first 1� �vorking days of each month during the term of the contract, NDC shall <br /> submit monthly reimbursement rec�uests in the amount of SLl THOUS:�\D DOLLARS <br /> (56,000) for eligible e�penses incurred durin�, the precedin� month of the project. Attached <br /> with the request for repayment will be a report of activities and reports developed. Said <br /> reimbursement request shall be subnutted to the followin� address: City of Decatur, #1 Gary <br /> K. Anderson Plaza, Decatur, Illinois 62523. An oriQinal and rivo (2) copies of the <br /> reimbursement request shall be submitted to the CITY. The last p;�yment shall consist of the ', <br /> re�ular$6,000 per month payment and the $�,000 balance of the contract. ' <br /> CITY shall review each monthly request for reimbursement and the accompanying monthly <br /> reports for eli;ibility and allowability, make any necessary corrections, and approve payment. <br /> i�1DC should allow up to 15 working days for this payment process afrer the monthly <br /> eYpenditure request and report has been approved. The CITY will mail all checks for <br /> payment to NDC's Corpor�te Headquarters at 51 East 42nd Street, Suite 300, New <br /> 1'ork, New York 10017. <br /> IV. TECHNICAL ASSISTANCE, MONITORING/EVALUATION, A\D aUDIT <br /> �Ionthly Reviews <br /> �lonthl_y reviews �vill be scheduled through mutual consultation. <br /> Progress Reports <br /> N�DC shall prepare and submit monthly progress reports on activities undertaken and copies <br /> of any materials prepared on behalf of the CITY. The CITY shall not reimburse eligible <br /> e�penses until the appropriate required reports are submitted. <br /> Right to Audit <br /> NDC shall maintain documentation for all charges against the CITY under this Agreement. <br /> � The books, records, and documents of NDC, insofar as they relate to �vork performed or <br /> money accepted under this contract, shall be maintained in conformity with Qenerally accepted <br /> accounting principles as promulgated by AICPA for period of three full years from the date <br /> of the final payment, and shall be subject to audit, at any reasonable time and tipon reasonable <br /> notice, by the CITY"or its duly appointed representatives, or a licensed independent certified <br /> 3 <br />