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upr000096 97

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upr000096-097
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    This material is made available to facilitate private study, scholarship, or research. It may be protected by copyright, trademark, privacy, publicity rights, or other interests not owned by UNLV. Users are responsible for determining whether permissions are necessary from rights owners for any intended use and for obtaining all required permissions. Acknowledgement of the UNLV University Libraries is requested. For more information, please see the UNLV Special Collections policies on reproduction and use (https://www.library.unlv.edu/speccol/research_and_services/reproductions) or contact us at special.collections@unlv.edu.

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    University of Nevada, Las Vegas. Libraries

    elusive of supervision and engineering, is the sum of Three Hun­dred Twenty Thousand Dollars ($320,000.00). Within the time and in the manner provided in Section 7 hereof the District shall de­posit in the escrow referred to in Section 7 said sum of Three Hundred Twenty Thousand Dollars ($320,000.00) plus a sum equal to ten percent (10$) thereof, the total of both of said sums being the aggregate amount of Three Hundred Fifty-two Thousand Dollars ($352,000.00). (Said aggregate amount of Three Hundred Fifty-two Thousand Dollars ($352,000.00) is herein sometimes referred to as Relocation Fund” .) The escrow instructions referred to in Sec­tion 7 shall provide for disbursements by the Escrow Agent from said Relocation Fund pursuant to the provisions of this Section 5. It is agreed that if payments are made from said Reloca­tion Fund for materials supplied or work performed pursuant to a contract or contracts entered into by the First Parties, said First Parties shall be entitled to receive the payments from said Reloca­tion Fund for services rendered by the First Parties as follows: (1) If it shall be necessary for the First Par­ties both to prepare plans and specifications for the performance of any contract or contracts entered into by said First Parties and to inspect the work called for by said contract or contracts during construction, said First Parties shall be entitled to a sum equal to ten percent (10$) of the payments made pursuant to said contract or contracts, said sum to represent compensa­tion for preparation of the plans and specifications and inspection of the work during construction, including any surveying and engineering necessary therefor. (2) If the First Parties shall use plans and spe­cifications prepared by the District and approved by the First Parties, said First Parties shall be entitled to a sum equal to five percent (5$) of the payments made pur­suant Jko-said contract or contracts, said sum to repre­sent compensation for inspection during construction,in­cluding any surveying and engineering necessary for said construction. From time to time as amounts become due and payable under the terms of a contract or contracts entered into for the supplying of materials for or the performance of all or any portion of the work provided for in this Section 5* the party to this agreement who shall have entered into such a contract or contracts shall ex- 1 9 .