Agenda - 12-20-94 - Contract - Laserfiche WebLink

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at the Lender' s election, by the issuance of one or more checks payable to the County or the Board of Education, the general contractor, any subcontractors or materialmen, or any one or more of them. As a condition to its obligation to make each disbursement of Financing Proceeds, the Lender may require satisfactory evidence of the payment of all debts owing contractors, engineers, architects and materialmen for labor done or professional design or surveying services, or material furnished pursuant to any contract with respect to the Improvements. 4 .2 Use of Financing Proceeds. The Financing Proceeds are to be used only for the direct and indirect costs of the Improvements, which shall be constructed pursuant to a construction contract submitted to the Lender. The County shall furnish copies of any changes in the said construction contract or the plans and specifications for the Improvements to the Lender. 4 . 3 Requests for Disbursements . Each request for disburse- ments for work performed under the construction contract shall be accompanied by (a) a written request by the County or the Board of Education stating the amount of the request and (b) a certificate by the County' s or the Board of Education' s architect or engineer as to the costs incurred, with copies of invoices to be paid by the County or the Board of Education with the proceeds of such disbursement. 4 .4 Construction of Improvements. The County will cause the Improvements to be constructed in a timely manner in accordance with the terms of the construction contract, the Plans and Specifications, and all building and zoning codes in effect with respect to the Improvements . The County will keep, or will cause to be kept, the Property free from all liens for services, labor and materials until the Loan has been paid in full . The County will also cause the general contractor to comply, to the fullest extent possible with respect to the construction contract, with the notice provisions of N.C.G.S. § 44A-23 . The Lender shall have the rights, during construction, to inspect the Property and the Improvements. SECTION 5 . RESPONSIBILITIES OF THE COUNTY 5 . 1 Care and Use. The County shall cause the Improvements to be constructed in accordance with the Plans and Specifications and thereafter use the Property in compliance with all applicable laws and regulations, and, at its sole cost and expense, service, repair and maintain the Property so as to keep the Property in good condition, repair, appearance and working order for the purposes intended, ordinary wear and tear excepted, and shall replace any part of the Property as may from time to time become worn out, lost, stolen, destroyed or damaged or unfit for use; provided, however, that nothing contained in this section shall require the 5