Common use of Performance Report Clause in Contracts

Performance Report. One year after (i) all of the Retrofit Work under the Deep Retrofit Design Report has been completed or (ii) the Required Retrofit Completion Date (by January 16, 2026), whichever is the earliest, the Participant must provide the following to the City: ✓ A final cash flow statement and budget for Total Project Cost demonstrating a 20 year payback or better; ▪ Reconciliation of all of the actual costs incurred by the Participant in respect of the Deep Retrofit Project; ▪ Reconciliation of all the actual Eligible Costs incurred by the Participant in respect of the Deep Retrofit Project; ✓ Any claim and supporting invoices for Performance Incentive; ✓ A calibrated post-retrofit energy model report of the Deep Retrofit Project that demonstrates a minimum 50% reduction in total energy use intensity and greenhouse gas emissions preferably using a software program open to the public. a. Relevant output files and supporting documentation to support the energy model report; b. an explanation of any discrepancies between the results and the Expected Results; ✓ A report on the observations of the Retrofit Work post-commissioning, problems, concerns, benefits, and any lessons learned; ✓ Utility data to-date, with utility data from January 16 to January 31, 2026 delivered to the City by February 2, 2026; ✓ Calculation of actual embodied carbon for major construction materials and process; ✓ Copies of any non-proprietary reports requested by the City of Toronto arising from and prepared during the course of the Project; ✓ Supporting evidence that permits are closed and received inspector approval (if not already provided); ✓ Additional Photos of Deep Retrofit Project completion; ✓ Rent Roll - A written report that lists all of the current tenants at the Building as well as the: • Monthly rent amount for each lease. • Unit number for each tenant's space. • Date that each tenant begins to pay rent under the lease (the rent commencement date). • Lease expiration date; and ✓ Any other information required by the Executive Director, acting reasonably. The Participant further agrees that the City has the right, at all reasonable time and on reasonable notice, to inspect the progress of the Deep Retrofit Project and to require the Participant to submit additional reports and information with respect to the Deep Retrofit Project in the form specified by the City, acting reasonably.