Orange County NC Website
16 <br /> Initial payment within 30 days of Effective $1,000,000.00 <br /> Date <br /> Upon Passing of and offering $3,000,000.00 <br /> Communication Services to 3,000 locations <br /> no later than December 31, 2023 <br /> Upon Passing of and offering $6,000,000.00 <br /> Communication Services to no less than <br /> 6,898 additional locations no later than <br /> December 31,2024, and commitment to Pass <br /> additional locations no later than December <br /> 31, 2025 <br /> Provider shall be eligible for accelerated disbursement based upon the achievement of <br /> milestones. County shall disburse funds within 30 days of demonstrated milestone completion. <br /> 14. TAXES <br /> a. The Provider shall pay all taxes,fees and charges assessed by any authority relating to the Work or the labor <br /> and materials used therein. <br /> 15. PROJECT CLOSEOUT <br /> a. Final Expenditures. All Project costs must be incurred by December 31, 2024, and all Work <br /> must be completed no later than December 31, 2025,unless extended by Authorities. <br /> Provider shall endeavor to deliver reimbursement requests and any invoices, receipts,hours, <br /> payroll information and any other supporting documentation for any work completed or to be <br /> completed,to the maximum extent feasible,by November 15, 2024. With respect to work to <br /> be completed between December 31, 2024 and December 31, 2025, if any,Provider shall use <br /> its best efforts to estimate remaining costs and submit such estimates in a"Final Distribution of <br /> Funds Request,"to be submitted no later than November 15, 2024. <br /> b. Subject to additional applicable closeout requirements set forth in 2 CFR § 200.344, the <br /> Subaward shall be deemed closed upon the completion of the following: <br /> 1. The County receives Provider's Final Distribution of Funds Request; <br /> 2. The County receives a final Expenditure Report indicating that all approved Project <br /> work has been completed, and that all Award funds corresponding to such work <br /> during the Term of this Agreement have been disbursed to Provider; <br /> 3. The County confirms the accuracy of the final Expenditure Report and reconciles <br /> actual costs incurred by Provider to Subaward payments (including modifications) <br /> and, as a result of such reconciliation, issues any additional funds or receives <br /> reimbursement from Provider, as the case may be (true-up); and <br /> 4. The County notifies Provider in writing that the Subaward is completed and closed. <br /> 11 <br />