Agmt18 San Mateo Co Transportation Authority and Peninsula Corridor Joint Powers Board MOU

Browse Search

by email to jmanzi @redwoodcity.org or otherwise delivered to: Jessica Manzi City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 The TA and the Sponsor will endeavor to disburse reimbursements for approved Scope of Work Costs within thirty (30) days after the TA's approval of each claim, subject to the limits on the TA's maximum contribution as established in Section B.1. C. Term 1. Term of MOU. This MOU is effective upon the Execution Date, and will terminate upon the earliest of: (a) six months after the written acceptance /endorsement of the JPB of the completion of the Scope of Work, (b) termination by Sponsor, the JPB or the TA pursuant to section C.3, CA, C.S, or C.6 (c) or three years and six months from the Execution Date. 2. Time of Performance. The Project Scope of Work must be completed no later than three years from the Execution Date. 3. Termination by Sponsor. The Sponsor may at any time terminate this MOU by giving ten (10) days' written notice to the TA and the JPB. If the Sponsor terminates because of the JPB's default, the TA will submit to the JPB a detailed statement of payments and costs paid or reimbursed by the TA and the Sponsor in connection with the Scope of Work and termination. The JPB will reimburse the TA and the Sponsor for all such funds within ninety (90) days of the TA's submission to the JPB of said statement. If the Sponsor terminates for convenience, the TA will submit to the Sponsor a detailed statement of payments and costs it paid or reimbursed in connection with the Scope of Work and termination. The Sponsor will reimburse the TA for all such Funds within ninety (90) days of the TA's submission to Sponsor of said statement. If the Sponsor terminates for the TA's default, neither the Sponsor nor the JPB will have any obligation to make any payments or reimbursements to the TA. 4. Termination by the JPB. The JPB may at any time terminate this MOU by giving ten (10) days' written notice to the Sponsor and the TA. If the JPB terminates due to the Sponsor's default, the TA will submit to Sponsor a detailed statement of payments and costs paid or reimbursed in connection with the Scope of Work and termination. The Sponsor will reimburse the TA for all such Funds within ninety (90) days of the TA's submission to Sponsor of said statement. If the JPB terminates for convenience, the TA will submit to the JPB a detailed statement of payments and costs paid or reimbursed by the TA and the Sponsor in connection with the Scope of Work and termination. The JPB will reimburse the TA and the Sponsor for all such funds within ninety (90) days of the San Mateo County Transportation Authority/ City of Redwood City Project Study Report Phase for Whipple Avenue Grade Separation Project 14387636.3 ATTY /A G R.2018.189/rA/J P B REV: 08 -07 -18 DZ