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3 <br /> FDIC <br /> Minutes <br /> August 22, 2011 <br /> OLD BUSINESS: <br /> Contract for Cocommunties rou <br /> - y - <br /> Mashvee EDIC &Falmouth EDIC Informational <br /> brief discussion followed with regards to an email communication from <br /> Michael Galasso, Chair of the Falmouth FDIC relative to the payment due to the <br /> Contractor. It was noted the Agreement contains language whereby the Agencies <br /> shall pay the Contractor on the basis of and according to the Price Proposal <br /> included in the breakdown of the Contractor's proposal submission. The <br /> breakdown of the $39,750 by task is as follows; <br /> Analysis of Falmouth& Mashpee FDIC organizations $5MOO <br /> Deeds Analysis $15NO <br /> Goal setting $2500 <br /> Five-Year Action Plan $12�500 <br /> Meetings a total of 5 meetings) $3750 <br /> Reproduction of Final Report $1000 <br /> It was agreed the hulk of the funds to be appropriated would be paid to the <br /> Contractor upon receipt of the Five-Year Action Plan at the onset of the term of <br /> said Agreement on November 15,2011. It is estimated that$4750 would be <br /> withheld for the preproduction of the fmal report,meetings,-and unfinished <br /> business until project completion. <br /> In accordance with the requirements of the RFP, the Contractor is regwr d to <br /> deliver to the Agencies, 20 copies and 1 electronic copy of the Five-Year Action <br /> Flan. The Contractor is also obligated to present the draft of the Final Report to <br /> the respective 1lashpee and Falmouth FDIC boards for comment prior to the <br /> deliverance of the Final Report. <br /> Upon review,the FDIC motioned to allow the Chair to execute the Agreement as <br /> presented. - <br />