Laserfiche WebLink
(F.) After completion of the Project and before the final payment of up to Four <br />Hundred Thousand Dollars ($400,000.00) or Twenty Percent (20%) for the Grant <br />Funds can be paid to the Grantee ("Final Distribution Amount"), the State may <br />elect to conduct an on-site monitoring review of the Project ("Monitoring <br />Review"). The Monitoring Review will document the following: <br />(1.) Whether state, local and/or private funds allocated for the Project were <br />expended for activities consistent with the terms of this Agreement, the <br />State Grant Agreement and any amendments thereto. <br />(2.) A complete, detailed analysis of actual state, local and/or private funds <br />expended to date on the Project and conformity with the amounts for each <br />line item of the Budget (as defined in Paragraph 7). <br />(3.) A detailed listing of all Project costs by Budget line item which are <br />accrued yet unpaid, if any; <br />(4.) A written evaluation as to the Grantee's timely progress in Project <br />management, financial management and control systems, procurement <br />systems and methods, and performance relative to timely submission of <br />Quarterly Project Reports; and <br />(5.) A written evaluation as to the Grantee's compliance with procurement <br />policy and procedures. <br />The parties acknowledge that the Monitoring Review is only for the benefit of the <br />State and that the State may elect, in whole or in part, to allow the Grantor to <br />make a payment before the Monitoring Review has been completed. <br />(G.) If Grant Funds are disbursed and the Grant or the State Grant Agreement is <br />terminated by any party prior to the Expiration Date set forth in Paragraph 2 of <br />this Agreement, the State may elect to conduct an on-site Monitoring Review of <br />the Project described in Paragraphs 4 and 5 of this Agreement. <br />5. PAYMENT OF GRANT FUNDS BY THE CITY: <br />The payment of Grant Funds by the Grantor to the Grantee shall be made in accordance <br />with the following schedule and conditions: <br />(A.) This Agreement must be fully executed. <br />(B.) All the evidentiary materials required by Exhibit "C" attached hereto and <br />incorporated herein ("Conditions for Release of Funds") must be submitted to and <br />approved by the State. <br />(C.) Any and all other grant conditions as specified in Exhibit "C" must be met to the <br />State's satisfaction. <br />3 <br />F:\*.*\Projects-Miscellaneous\'Tech Park\Subgrant Agreement-Notre Dame (2) 8.]7.09 <br />