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2095 RES CITY COUNCIL PASSED ORD NO 2569 WITH AUTHORIZED ISSUANCE OF INTEREST BEARING CERTIFICATES OF OBLIGATION
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2095 RES CITY COUNCIL PASSED ORD NO 2569 WITH AUTHORIZED ISSUANCE OF INTEREST BEARING CERTIFICATES OF OBLIGATION
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11/28/2017 8:33:18 AM
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CITY CLERK
CITY CLERK - Date
4/13/1981
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irticle 3. - llirect 1'ersonnel Lxpense - Direct Personnel <br />Expense is defined as the direct labor costs incurred <br />by the En;ineer directly attributable to the project by <br />payment of the actual salaries and wages to the employees <br />of the Engineer. <br />The minimum cliarge<ible t ime shall be one-fourth hour. <br />, <br />Article 4. = Direct Reimbursable. Expenses <br />4.1. Reimbursable Expenses incltxle expenditures made by the <br />I;nginecr, his eraployees or his consultants in the <br />intez-est of tlie project. Reimbursable Expenses include <br />but arc rlot limited to: <br />4.1.1 Expense of transportation, subsistence, lodging, and <br />travel timc outside of Lamar County. Car expenses <br />are set at IKS allowable rates, currently 2/14 per <br />mile. <br />4.1.2 Fxpense of toll telephone calls, telegrams, messenger <br />service, field office expenses, and fees paid for <br />securing approval of authorities having jurisdiction <br />over tlie pro j cc t. <br />4.1.3 Expensc of a11 equipmer.t rental, reproduction, copies, <br />postage and handling of drawings, specifications, re- <br />ports, and other project-related work materials and <br />supplies. <br />Article S. - Inclir-ect Lxpenws - t'111 expenses of the <br />L:ngineer of every kind, type and nature not included <br />under direct expenses herein shall be allowable under <br />the terms of r.his Agreement, except those expenses <br />for er.tertainment, advertising, interest on operating <br />loans, and bad debts. <br />5.1 Pragress paynients sliall be riade in proportion to ser- <br />vices rcridcrecl and as iiidicated within this Agreement <br />and shall be due aiid payable by the 20th day of the month <br />in whicli saicl services are billed. <br />Past due accaunts shall incur a charge at the <br />annual rate of interest of 18% from the lst of the <br />month in which the invoice was billed, based on the <br />amount outs tand ing. <br />5.2 If thc Owner fails to make monthly payments _due the <br />En~inet.r, tlie Lngineer may, after giving_ seven days <br />wrltten notice to the Owner, suspend services under <br />this Agreement until such payments are made. <br />Article 6. - Special Pz-uvisioils <br />6.1 Insurarce anci Indemnity <br />-11- <br />
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