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System Access Fund Project Agreement Page 3 of 29 <br /> GA 0162-22 <br />3.2.1. Project Update. Status of major activities in the reporting period, both current and <br />upcoming. <br />3.2.2. Assessment of on-going risks. The City will notify Sound Transit of any issues that <br />may affect the Project Schedule and overall implementation of the Project. <br />3.2.3. Project Funding. Summary of expenditures during reporting period, and expected <br />expenditures in the subsequent reporting period. <br />3.3. Eligible Costs. Eligible costs include actual costs identified in Exhibit A, Scope of Work and <br />Deliverables. <br />3.4. Additional Project Funding. The Not-to-Exceed funding amount in Paragraph 1.2 represents <br />approximately eighty-six percent (86%) of the total Project cost. The City is responsible for <br />obtaining the balance of the Project funding described in the Funding Plan attached as Exhibit <br />B. <br />3.5. Project Schedule. The parties agree to the project schedule identified in Exhibit E, Project <br />Schedule. The City shall complete all work and deliverables of the Project before one year <br />after the expected project completion date shown in Exhibit E, Project Schedule, unless <br />otherwise mutually agreed in writing by both Parties. The City is responsible for notifying <br />Sound Transit of any material changes to the Project Schedule and rationale for the change in <br />writing as part of its quarterly reporting requirements. <br />3.6. City Work. The City is solely responsible for the environmental review, design, permitting, <br />construction, project and construction management of all applicable Project elements <br />including, but not limited to, procurement and construction administration. The City is <br />responsible for all costs relating to the operations or maintenance of service and capital <br />improvements related to the Project upon its completion. The City will be the owner of the <br />completed Project. Sound Transit is not responsible for funding any service operations or for <br />maintenance of any improvements implemented under this Agreement. <br />3.7. Signage. Any identification signage that is used during the Project shall identify Sound Transit <br />as a funding partner. <br />3.8. Project Closeout. Before payment of the final invoice, The City and Sound Transit will meet <br />to ensure final deliverables are complete per Exhibit A, Scope of Work and Deliverables. <br />4.INVOICING <br />4.1. The City will submit quarterly invoices and supporting documentation that align with the <br />Scope of Work and Deliverables for payment (See Exhibit J, Invoice Template). The <br />invoices must include the Sound Transit purchase order number provided by Sound Transit. <br />4.2. The City will submit its invoices with the required documentation, via email to <br />accountspayable@soundtransit.org. Invoices will be paid within thirty (30) calendar days of <br />Sound Transit’s receipt of the invoice and acceptable and complete supporting documentation.