Resolution 2898 - Laserfiche WebLink

by setoff to the DEPARTMENT for use of such prop- erty. Should said property be lost, stolen, or damaged while in the GRANTEE'S possession, the DEPARTMENT shall be reimbursed in cash or by setoff by the GRANTEE for the fair market value of such property. 4 . CONVERSIONS The GRANTEE shall not, at any time, convert any equipment, property, or facility acquired or developed pursuant to this grant to uses other than those for which monies were originally allocated without prior written approval of the Director of the DEPARTMENT. Such approval may be conditioned upon payment to the DEPARTMENT of that proportion of the proceeds of the sale, lease, or other conversion or encum- brance which monies granted pursuant to this grant bore to the original acquisition, purchase, or construction cost. 5. COMPENSATION a. Amount: (1) DEPARTMENT Payment - The DEPARTMENT agrees to compensate or reimburse the GRANTEE a sum not to exceed $15, 000, together with $6, 429 of the GRANTEE'S matching funds contribution for the satisfactory performance of this grant. (2) Total Grant Value - The sum of the DEPARTMENT'S payment together with the GRANTEE'S matching con- tribution shall not exceed $21,429, which is the total grant value, including Washington State Sales Tax, where applicable. No additional payments shall be made under this grant unless otherwise specifically agreed upon in writing as an amendment to this grant. (3) Indirect Costs - Allowable indirect costs must be either (1) a federally approved negotiated percent- age, (2) a mutually agreed upon percentage rate of direct labor, or (3) an amount equal to 10 percent of direct labor. The rate agreed upon must appear as a specific budget item in the agreement. (4) Deviation from Budget - Payment will be disallowed when the GRANTEE'S request deviates from any of the budget objects in the project agreement by more than a cumulative five (5) percent of the total project cost without prior written approval. 4