Common use of Appeal Hearing Clause in Contracts

Appeal Hearing. The appeal hearing shall be limited to the issue of whether the assessment of monetary charges pursuant to this subsection is justified based on the facts and circumstances of the matter on appeal. The Council shall receive a report from the City Manager and shall give the Grantee and/or its representatives a reasonable opportunity to be heard and to present evidence to the City Council. The City Council shall thereafter make a written determination with respect to the assessment of monetary charges. Grantee shall pay to the City all monetary charges imposed hereunder within ten (10) working days after the date of the Council's decision. Amounts owed hereunder shall accrue interest at the rate of 10%-per annum from the date due until fully paid. If said charges are not fully and timely paid, the City may proceed against the performance bond required by this Agreement in addition to exercising any other remedy it may have hereunder or at law or in equity.