Common use of Method and Rate of Payment to Contractor Clause in Contracts

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges levied by such third parties due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Project. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s request. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Project. The report should be in the form of a narrative description of all activities performed in relation to the Project including all pre-development activities. The report should include a Project time-line and indicate the status of the Project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project even if all of the funds provided under this Agreement have been expended.

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims requests for reimbursement disbursements being submitted by Contractor to County. Requests for reimbursement disbursements shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paidinvoices. The request must include a brief narrative description of the progress of the project and the items being reimbursed covered in the disbursement. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.. Upon completion of the project Contractor shall provide (1) for the housing component, a Tenant Profile and Project Completion Report; and (2) for the child care facility, a Public Facilities Beneficiary Summary which shall summarize the number of clients served by their ethnicity and income. No requests for reimbursement or third party payment will be processed until all reports required hereunder, including any applicable prevailing wage documents required under the Xxxxx-Xxxxx Act, have been received by the Department of Housing. In the event of termination prior to completion of the Project any funds not expended shall be paid down against the principal of the loan. Any remaining principal, plus accrued interest, if any, shall be immediately due and payable in accordance with the provision of the Promissory Note. Exhibit C Contractor’s Declaration Form I. CONTRACTOR INFORMATION Contractor Name: Phone: Contact Person: Fax: Address:

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made based on a reimbursement basis upon claims for reimbursement being draws submitted by Contractor to County. Requests for reimbursement Draws shall include copies of invoices paid together with warrantsreceived. As noted in Exhibit A, canceled checksHELP rules require that Contractor make its initial request of funds under this Agreement within two years from March 24th, or other proof that the invoices have been paid2006, and its final request within four years from this date. The request must include a brief narrative description of the progress of the project and the items being reimbursed Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. . None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed reimbursed. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Project. The report should be in the form of a narrative description of all activities performed in relation to the Project including all pre-development activities. The report should include a Project time-line and indicate the status of the Project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with No requests for reimbursement; this requirement shall extend reimbursement or third party payment will be processed until all reports required hereunder, including any applicable prevailing wage documents required under the Xxxxx-Xxxxx Act, have been received by the Department of Housing. In the event of termination prior to completion of the Project even if all any funds not expended shall be paid down against the principal of the funds provided under this Agreement have been expended.loan. Any remaining principal, plus accrued interest, if any, shall be immediately due and payable in accordance with the provision of the Promissory Note. Exhibit C Contractor’s Declaration Form

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed reimbursed. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.

Method and Rate of Payment to Contractor. In consideration recognition of the services City’s considerable monetary contribution to this Project over and above the funds specifically provided in this Agreement and recognizing that the City has a reimbursement process in place delineated in the DDA, it is agreed that the City will process and approve all reimbursement requests from Contractor for the $700,000 provided in this Agreement as well as the funds provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County Redevelopment Agency under the DDA. All payments shall be made on a reimbursement basis upon claims as provided in the DDA. City shall make payments to Contractor and shall submit to County for reimbursement being submitted by Contractor to Countyreimbursement. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project Project and the items being reimbursed Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges levied by such third parties due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectreimbursed. The County reserves the right to verify such completion of work prior to payment reimbursement to ContractorCity. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork or City’s request for reimbursement. The County shall also specify what actions or changes are necessary to make the work or request or work acceptable. Contractor or City shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either any party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended. Upon completion of the project Contractor shall provide a Tenant Profile and Project Completion Report on forms provided to Contractor by the County of San Mateo Department of Housing. In the event of termination prior to completion of the Project any funds not expended shall be paid down against the principal of the loan. Any remaining principal, plus accrued interest, if any, shall be immediately due and payable in accordance with the provision of the Promissory Note. As provided in this Agreement, the County will receive 19% of any funds received or credited against principal or accrued interest on the loan. Exhibit C Equal Benefits Compliance Declaration Form I Vendor Identification Name of Contractor First Community Housing Contact Person Xxxxx Xxxxxx Address: 0 Xxxxx 0xx Xxxxxx Xxxxx 0000 Xxx Xxxx, XX 00000 Phone Number 000-000-0000 Fax Number 000-000-0000 II Employees Does the Contractor have any employees? “ Yes “ No Does the Contractor provide benefits to spouses of employees? “ Yes “ No *If the answer to one or both of the above is no, please skip to Section IV.*

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed reimbursed. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor agrees that the initial payment from the funds provided in the Agreement will be reimbursement for the actual costs incurred by the County of the Environmental Assessment. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment For property acquisition, Contractor shall make a written request for the funds provided in this Agreement to be deposited into escrow to be held by a mutually agreed upon title company. Contractor shall also provide written escrow instructions for County review and approval for the funds deposit. In other situations, payment by County shall be made on a reimbursement basis upon claims requests for reimbursement disbursements being submitted by Contractor to County. Requests for reimbursement disbursements shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed covered in the disbursement.. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s request. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.. Upon Project Completion, Contractor shall provide (1) for the housing component, a Tenant Profile and Project Completion Report; and (2) for the child care facility, a Public Facilities Beneficiary Summary which shall summarize the number of clients served by their ethnicity and income. No requests for reimbursement or third party payment will be processed until all reports required hereunder, including any applicable prevailing wage documents required under the Xxxxx-Xxxxx Act, have been received by the Department of Housing. In the event of termination prior to completion of the Project any funds not expended shall be paid down against the principal of the loan. Any remaining principal, plus accrued interest, if any, shall be immediately due and payable in accordance with the provision of the Promissory Note. Exhibit C Contractor’s Declaration Form I. CONTRACTOR INFORMATION Contractor Name: Phone: Contact Person: Fax: Address:

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed reimbursed. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.. Upon completion of the project Contractor shall provide a Public Facilities Beneficiary Summary which shall summarize the number of clients served by their ethnicity and income. No requests for reimbursement or third party payment will be processed until all reports required hereunder, including any applicable prevailing wage documents required under the Xxxxx-Xxxxx Act, have been received by the Department of Housing. In the event of termination prior to completion of the Project any funds not expended shall be paid down against the principal of the loan. Any remaining principal, plus accrued interest, if any, shall be immediately due and payable in accordance with the provision of the Promissory Note. Contractor shall submit to the Department of Housing a Quarterly Performance Report within 30 days of the end of each quarter and shall consists of three parts:

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor Contractor, as disbursements under the Promissory Note, based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed reimbursed. Subject to Contractor meeting all of the reporting and other requirements specified herein, County shall make such reimbursement payments within twenty-one (21) days of receipt of an acceptable request for reimbursement. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County cannot guarantee the timeliness of such third party vendors and will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time timeliness requirements set forth in of their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed reimbursed. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.. Upon completion of the project Contractor shall provide a Tenant Profile and Project Completion Report on forms to be provided by County. No requests for reimbursement or third party payment will be processed until all reports required hereunder, including any applicable prevailing wage documents required under the Xxxxx-Xxxxx Act, have been received by the Department of Housing. In the event of termination prior to completion of the Project any funds not expended shall be paid down against the principal of the loan. Any remaining principal, plus accrued interest, if any, shall be immediately due and payable in accordance with the provision of the Promissory Note. Contractor agrees that the initial payment from these proceeds will be reimbursement to the County for the costs of the Environmental Assessment performed in conformance with HUD requirements. Exhibit C Contractor’s Declaration Form I. CONTRACTOR INFORMATION Contractor Name: XX Xxxxx, Inc. Phone: 650.356.2900 x324 Contact Person: Xxxxxx Xxx Fax: 000.000.0000 Address: 000 Xxxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxxxx Xxxx, XX 00000

Method and Rate of Payment to Contractor. In consideration of the services provided by Contractor in Exhibit “A”, County shall pay Contractor based on the following terms: Payment by County shall be made on a reimbursement basis upon claims for reimbursement being submitted by Contractor to County. Requests for reimbursement shall include copies of invoices paid together with warrants, canceled checks, or other proof that the invoices have been paid. The request must include a brief narrative description of the progress of the project and the items being reimbursed reimbursed. Upon written request to the Director of Housing, payments may be made directly to authorized third parties; Contractor must submit original invoices with the request. No such request will be approved for payments less than $10,000. The County will not be responsible for any charges chargers levied by such third parties party due to failure to make payments or to meet any time requirements set forth in their agreement with Contractor. Contractor shall certify in writing that the specific services for which reimbursement or payment is being requested have been satisfactorily completed, that the payments are proper and that all funds to be expended are on behalf of and exclusively for the Projectproject. The County reserves the right to verify such completion prior to payment to Contractor. In the event of a questionable payment request, the County shall state in writing the specific nature of its objections to Contractor’s requestwork. The County shall also specify what actions or changes are necessary to make the request or work acceptable. Contractor shall respond to County within 15 days of receipt of such objections. The parties to this Agreement shall meet to discuss such objections at the request of either party. The County will not be obligated to make a payment of any billing until any and all objections to the adequacy of the services rendered or the amount of the billing have been resolved. None of the funds shall be used for salary, fringe benefits or other compensation of employees of Contractor or its affiliates. Contractor shall submit a Quarterly Report within 30 days of the end of each quarter which shall detail the status of the Projectproject. The report should be in the form of a narrative description of all activities performed in relation to the Project project including all pre-development activities. The report should include a Project project time-line and indicate the status of the Project project in relationship to this time-line. Contractor must document any changes from the time-line submitted with the original application. This report requirement is in addition to any information submitted with requests for reimbursement; this requirement shall extend until completion of the Project project even if all of the funds provided under this Agreement have been expended.. Upon completion of the project Contractor shall provide a Public Facilities Beneficiary Summary which shall summarize the number of clients served by their ethnicity and income. No requests for reimbursement or third party payment will be processed until all reports required hereunder, including any applicable prevailing wage documents required under the Xxxxx-Xxxxx Act, have been received by the Department of Housing. In the event of termination prior to completion of the Project any funds not expended shall be paid down against the principal of the loan. Any remaining principal, plus accrued interest, if any, shall be immediately due and payable in accordance with the provision of the Promissory Note. Exhibit C Contractor’s Declaration Form I. CONTRACTOR INFORMATION Contractor Name: City of Pacifica Phone: Contact Person: Fax: Address: