Laserfiche WebLink
<br />ADMINISTRATION <br /> <br />Department will grant Administrator an amount equal to four percent (4%), or Twelve Thousand and <br />No/IOO Dollars ($12,000.00), of the Three Hundred Thousand and No/IOO Dollars ($300,000.00) <br />Project Award to cover administrative expenses incurred directly relating to this Contract. <br />Administrative fees shall be funded by the Department to Administrator based on a percentage of <br />completion of the project. Administrator shall be allowed to draw twenty-five percent (25%) of the <br />administrative fees at the initial stage of the project, with the remaining seventy-five percent (75%) <br />funded on a percentage of completion basis. At any given time, the allowable administrative fees would <br />be equal to the initial twenty-five percent (25%) set-up draw, plus the percentage of completion draw. <br /> <br />.. <br /> <br />Page 13 of 17 <br />HOME Contract No. 535035 <br />Owner Occupied Assistance <br />