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5►b-�3 <br /> Exhibit B <br /> Method and Rate of Payment <br /> In fuil consideration of the services provided by the Contractor pu�suant to this Agreement, <br /> the County shall pay the Contractor a quarterly amount not to exceed $14,681.50 upon <br /> receipt and approval of invoice. The Contractor shall submit invoices within 30 days of the <br /> end of the billing period, and the County shall pay the invoices within 20 working days <br /> following receipt of invoice and required reports as shown below. Funding for this <br /> Agreement is $43,726 from General Funds and $15,000 for Community Development Block <br /> Grant (CDBG) funds. The total amount of the contract shall not exceed $58,726. <br /> * Contractor may request, by submittal of an invoice, an advance payment equivalent <br /> to 25% of the total Agreement amount, and may select the option of having the <br /> remaining balance paid either monthly or quarterly. If Contractor chooses this <br /> method, Contractor must still meet deadlines for performance reports, and for the First <br /> Quarter, the deadline will be October 15, 2004. The remaining funds will be paid on <br /> either a monthly or quarterly basis, as selected, and Contractor must continue to meet <br /> all the reporting requirements set forth herein. <br /> Invoices and reports to be mailed to Rosa Mendoza, HCD Specialist, 262 Harbor <br /> Boulevard, Building A, Belmont, CA 94002. <br /> All quarterly reports are to be submitted to the HSA Regional Program Manager. <br /> Report required to process invoices: <br /> Quarterl re orts must contain the followin information: <br /> • Client services delivered <br /> • Client demo ra hics as re uired b CDBG fundin if a licable <br /> • Number of clients served in San Mateo Count <br /> • Documentation of successfully funded commitments <br /> of new or increased revenues for the Fiscal Year 2004-05 <br /> 12 <br /> .._ . i . _._ , <br />