AG 2007 09 17 - Laserfiche WebLink

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Page 2 of 12 5. Compensation and Method of Payment. The Agency shall be compensated for the work and services actually performed under this contract by payments to be made monthly by the Council. However,!the total compensation and reimbursement to be paid the Agency under this contract shall not exceed the sum of $ 169596 in federal grant funds. The obligation of the Council set forth in this agreement for payment of compensation are contingent upon the receipt. by the Council of Title V Older Americana Act grant funds from the North Carolina Division of Aging and Adult Services. 6. Reimbursement of Service Costs. As of the last day of each calendar month. during the existence. of this Contract, the Agency shell submit to the Council a .monthly report df expenditures specifically authorized in the Agency's Senior Community Service Employment Program Budget Summery (attached hereto as Exhibit A) and actually made by the Agency through the said month. Subject to the Council's right to verify the accurecy of the report and the satisfactory performance of the work evidenced thereby, the Council will make payments to the Agency as the work progresses. The Agency will be reimbursed en amount equal to nine ep rcent 9( 0%) of the total disbursements of the Agency to date, leas all previous progress payments made putsuent hereto. In no event will the Agency be reimbursed federel grent funds in an amount that exceeds, in the aggregate, the maximum compensation payable pursuant to paragraph 5. 7. Collection of Non-Federal Matching Resources. Recognizing its obligation to provide matching resources under this agreement, the Agency hereby agrees to secure and contribute to the Project local matching resources of not less than ten percent (10%) of the total Protect coats. In no case shall the local match directly or indirectly consist of federal funds from any source nor may any of the funds paid the Agency hereunder be used to match any other federel funds. (The amounts and sources of the non-federal match are described In the. Agency's signed ° Commitment of Financial Support and Cooperetive Activities" .) 8. Agency's Pereonhel The Agency represents that It has, or will secure all personnel required to perform the servicesi provided for under this contrect, Such personnel shall not be employees of the Council, nor shell such personnel have been employees of the Couhcli during any time within the twelve (12) month period immediately prior to the date of this contrect, except with the express prior written consent of the Council's Executive Director. The Agency shall procure a fidelity bond for all persons authorized to receive or dlaburee Protect funds. Agency's personnel having access to property or .funds belonging to any clients served under this contrect should also be bonded In an amount of at least $10,000. Public agenclea shall procure a public employees' faithful performance blanket bond. Non-governmental agenclea shall procure either a blanket fidelity bond or a name schedule fidelity bond. The bond Ilmit for persons authorized to receive and disburee grant funds shall be the leaser of the amount of compensation specified in paregreph 5 or $100,000. ~ I ,