5. responsible for any payment that exceeds its Maximum Contribution under this Agreement.
The Maximum Contribution of the Participating Entity shall be $89,564.
B. In the event the Project is terminated for any reason before the execution of any contract with a contractor for the provision of goods and/or services in connection with the Project, each Participating Entity shall be refunded its Maximum Contribution (or such portion of the Maximum Contribution as shall have been paid to the County by such Participating Entity) in its entirety.
Payment of Maximum Contribution: Administration of LARIAC Account A. A Participating Entity shall have the following options in paying its Maximum Contribution to the County hereunder:
i. The Participating Entity may elect to pay its Maximum Contribution to County in its entirety upon execution of this Agreement. ii. The Participating Entity may elect to pay its Maximum Contribution to County as follows: (a) fifty percent (50%) of the Maximum Contribution at the start of FY 2023-2024 (July 2023); and (b) fifty percent (50%) upon delivery of the Digital Data to the Participating Entity.
B. The LARIAC Account established by the County in connection with the Project, shall be subject to the following:
i. All funds held in the LARIAC Account shall be used solely for the payment of contractors selected by County to provide goods and services in connection with the Project.
ii. Any funds held in the LARIAC Account not expended upon the completion of the Project or the termination of this Agreement shall be held, administered, and returned to Parties based on their prorated contribution to the total costs of the Project.
6. General Terms and Conditions
A. Pending the City's approval of budget appropriation for LARIAC7 in FY 2023-2024, this Agreement shall take effect upon execution and shall remain in effect through final delivery of all Digital Data and through the duration of the license-use term.
B. The term of this Agreement may be extended by an Amendment to this Agreement.
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IN WITNESS WHEREOF, the parties have executed this Participant Agreement for the Los Angeles Region – Imagery Acquisition Consortium 7 Program on the date indicated below.
PARTICIPANT ENTITY COUNTY OF LOS ANGELES
City of Santa Clarita INTERNAL SERVICES DEPARTMENT
By: __________________________________ By: ______________________________
Date: _________________________________
Date: _____________________________