AG 1998 07 13 - Laserfiche WebLink

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and the City shall retain the right to recover any questioned costs or overpayments from the Agency. 13. Upon termination, the Agency shah remit any unexpended balance of advanced payments on account of the Grant as well as such other portions of such payments previously received as determined by the City to be due and the action of the City in accepting any such amount shah not constitute a waiver of any claim which the City may otherwise have. 14. The Agency shall allow the City to carry out monitoring and evaluation activities as determined necessary by the City and HUD. 15. In the event of termination, all property and finished or unfinished documents, data, studies, and reportspurchased or prepared by the Agency under this Agreement shall, at the option of the City, become the property of the City. 16. The Agency is required to have 50% of funds obligated by July 1st of the followingfiscal year, 75% by October 31st and 100% by January 1st of the following year. Iffunds are not obligated by these dates, the Consortium may recapture the remaining fitnds. D. FUNDING AND P,4 YMENT: The City will provide the Agency with funds received from HUD for the Project hz accordance with the approved budget for the Project (hereinafter "Project Budget") or the actual cost of the Project, whichever is less. The payment procedure under this Agreement shall be in accordance with the following method: Payment shah be on an expenditure basis upon receipt by the City of a Requisition Form, (form of which shall be provided by the City) which shall reflect expenditures and incurred expenses by budget line item. The Agency shall also provide support documentation such as invoices for all expenditures included on the Requisition Form. Requests for funds shall be made on a weekly basis. Checks will be distributed by mail on Fridays. Requests for checks must be received by 5:00pm the preceeding Friday in order to be processed for the next check run.