Agreement - Northeast Neighborhood Revitalization Organization Inc - Programs and Services

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administer the Program; and WHEREAS, the City has appropriated funds for the Program in the amount of Seventy Five Thousand and 00/100 Dollars ($75,000.00) (the "Contract Amount") as required by Indiana Code § 5-22-17-3 and the Contract Amount does not exceed such appropriation; and WHEREAS, the City believes that the actions contemplated by this Agreement are in the best interests of the health, safety and welfare of the City and its residents and that such actions comply with the public purposes and applicable provisions of state and local law. NOW THEREFORE, for and in consideration of the mutual covenants and promises contained herein, the City and the Organization hereby agree as follows: 1. Conti -act Amount and Term. The Organization shall provide the programs and services set forth at Exhibit A (the "Program") on behalf of the City, for the Contract Amount for the period commencing January 1, 2018 and ending December 31, 2018. The approved schedule for the Program is set forth at Exhibit B. The Organization shall submit quarterly reports to the Contract Administrator on March 31, June 30, September 30 and December 31 showing the progress of the Program. 2. PrWam Budget and Budget Modification. The approved Program Budget is set forth at Exhibit C hereto (the "Budget"), which exhibit is hereby incorporated herein by reference. The Organization shall not seek from the City more than the Contract Amount for any expenses related to the Project or otherwise. The Organization shall only use the Contract Amount to implement the Project or provide the services in conformance with the Budget and for no other purpose. 3. Compensation for Proms. All payments shall be made quarterly (on or approximately near March 31, June 30, September 30 and December 31) for expenses incurred during that quarter provided that the Organization provides an invoice and sufficient evidence to the Contract Administrator (as defined herein) for such expenses (including amounts allocated to staff time and expenses) including, but not limited to, a budget expenditure report summarizing disbursements and expenditures of the Contract Amount by the line items set forth in the Program Budget. The quarterly payments shall be paid in equal amounts unless the Contract Administrator determines that the Organization is materially failing to complete the Program in accordance with the Program Schedule, in which case the City shall only be obligated to pay the applicable portion of the Contract Amount substantiated by reliable evidence submitted by the Organization. With any invoice for services required for payment hereunder, the Organization shall submit a report to the Contract Administrator showing the progress of the Program. The report shall provide an overview of the work of the Organization in progress and/or completed in the Neighborhood including, but not limited to, the Program as outlined in Exhibit A during the Program Schedule (Exhibit B). 2