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5734 AUTHORIZING THE ISSUANCE OF PROJECT LOAN NOTES IN CONNECTION WITH URBAN RENEWAL PROJECT NO. ILL. R-100
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5734 AUTHORIZING THE ISSUANCE OF PROJECT LOAN NOTES IN CONNECTION WITH URBAN RENEWAL PROJECT NO. ILL. R-100
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10/19/2016 11:21:01 AM
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10/19/2016 11:21:00 AM
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Resolution/Ordinance
Res Ord Num
5734
Res Ord Title
AUTHORIZING THE ISSUANCE OF PROJECT LOAN NOTES IN CONNECTION WITH URBAN RENEWAL PROJECT NO. ILL. R-100
Approved Date
10/30/1972
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� . . � <br /> . ., � <br /> U, S. DEPARTMENT Or HOUSING AND URBAN DEVELOPMENT HUD•6218 <br /> RENEWAL ASSISTANCE ADMINISTRATION �Z-69� <br /> i <br /> s <br /> CONTRACT FOR f'�OFESSIONAL OR TECHNdCAL SERVICES � <br /> � � <br /> — — — — — — — — — — — — — — — — — — — — — — — — � <br /> � <br /> i <br /> �art (I - Terms and Canditians ' <br /> r <br /> � <br /> 1. Ter�in�tioa� ;,f �on��e.ct ''�i• Cauae. Zi', throu� �u.y cause, t,i e Contractcr ; <br /> gha11 fail to Pulfill �n i:irrel�- �.n:� proper mr,��ner lua ebli�s�tian� under this ; <br /> Contract, or i� t�� Cont��b.�;*,c��� sha"�l violate r3n}• c� the cavenants, Ag:eement a, � <br /> or stip�lations of th{� ���tract, tlae Lccal Public A�er.cy sinal� thereugc�n havP � <br /> the right to terminate thia Contract by �giv�ag r�rritten nc:i.i�e +,� the Cant,rqr_tar <br /> af such terminati�n and apecify:^.g �be e4fective da,e ther�eaP, $t �eas4 fi�re 4 <br /> days before tne e�fects.;e date �t' such te�ine�ion. Zn such event, a:�� �'{nished ; <br /> or unfiai3hed docun�nta�, data, studiea, �..nd reporta prepared• by the Cont�.re�tcr ' <br /> under :his Cpntract sha11, s,t the cption oP the Local P-ublic Agency, beco�e its � <br /> groperty t:.nd the Con�r�ctor shull b� entitled �c receive �ju�t a,rfc� equit_able � <br /> compeneation for a.n�► st�tia��,c:tory �ork completed on such docum�ntn. � <br /> } <br /> I�otvithstanding th� above, tbe Coatractor ahsll not be relieved cf liabilfty f' <br /> to the Loca1 Fub2ic R�rency for d��r�es sustai.ned �y the Loc�a1 Public R�ency by j'� <br /> vlr�ue of 8�y breach e2` the Cci4t.r�.ct by the Contr�ctor, r�nd 1:he Local Put�li� ; <br /> Agency may �rithhold s6ny payr�ea�ta to the C�ntractor t�r the ptu~pose af° setoff � <br /> unti]. auch time se the ex�ct �mQunt of damages due �he Loc�. Public Ik�ency i <br /> from the Contr�ctor is de�ermined. � <br /> 2. Termix�ation for Convenience af Loc�l. Pub�ic A�ency. The Lacal Public ' <br /> Agency may terffiinate this• Contract auy time� by a natice fn. writin� Pram the � <br /> Local Publi.c Agency to the Cantractor. IP the Contract is terminated by th� � <br /> Local. Public �ency g� pr�ovided }�ereir�, the Contractor will be paid� an �nourit ; <br /> which b�ara the ss�e ratio ta t�e totc�ll. campe��-a�ion e.a� the servfcea actuelly <br /> per�or�ed �eer, to the t,�Y�Z aervices o�' thc Contractor co�er�d b�r tMis Cor�tr�ct, <br /> lesa payments of coiapensatforr nretaious2.y made: Provided�, ho�ver, �h�t iP ?eas <br /> thA.n eixty per cent oP the services covered- bv �his, Coni,ract have been- gpr�ormed <br /> upon the efP�etive date of such termination, the Gcntractor shall be reimbursed <br /> (in e,ddition to the �bcve payment) for that portio� of the sctual out-oP-Pocket <br /> expensea (not otherwise i•eimbursec� under this Con�ract� incurred by the <br /> Contractor during the Contract perioc� �rhich �e dir�ctly �ttributable to the <br /> uncompleted portion of the servfces covered by this Contrect. If this Contract <br /> ia terminated due to t�e fault oP the Contra,ctor, Section. 1 hereof relative to <br /> termination shatl apply. <br /> 3. Ch�. The Loca]� Publfc Agency mag, from tfine� ta tfine, request <br /> changes in the� scope- oP �he serv�ces� of the Contrsctor. to be� perFomaed� hereunder. <br /> 5t�ch che.ngea, includ�ing any inc�ease� ox deereaee in the a��ourit oP the Contractor'e <br /> coffipensetion, Which are mutually agreed. upon by axid� betrreen� the Loce1 Publia <br /> Agency aad the Contractor, aha11 be incorporated in Written emendments� to thia <br /> Contract. , <br /> . � <br />
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