Agmt16 RWC 2020 First 5 San Mateo County (Socios for Success)

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AGREEMENT BETWEEN FIRST 5 SAN MATEO COUNTY, REDWOOD CITY 2020 AND THE CITY OF REDWOOD CITY (SOCIOS FOR SUCCESS) EXHIBIT B PAYMENTS Pursuant to the Agreement for Services between First 5 San Mateo County, Redwood City 2020 and the City of Redwood City effective as of August 1 , 2016, the Commission shall pay the Grantee, as described in this Exhibit B over the term of this Agreement. Exhibit B and its attachments reflect the budget for the Agreement term. 1 . The Commission shall reimburse the Grantee for services provided not to exceed the maximum award set forth below in paragraph 3 ("Maximum Amount") , contingent upon the Grantee submitting a Reimbursement Request Form to the Commission. After review and approval of the Grantee's Reimbursement Request Form, the Grantee shall be reimbursed for reasonable costs incurred in providing services required by the Agreement. At the end of the Agreement term , the Commission will conduct an `Agreement closeout' which includes a reconciliation of all the Commission's payments and the Grantee's expenditures. Any balance due to the Grantee will be paid by the Commission upon completion of the Agreement closeout process. In the event the reconciliation reveals that the Grantee was paid an amount in excess of the amount owed by the Commission, the Grantee will refund this amount upon notification from the Commission. Under no circumstances shall total payments from the Commission to the Grantee exceed the Maximum Amount of the Agreement. Guidelines for progress reports, program expenditure reporting , and reimbursement for services are contained in the Grantee Handbook and the Grantee's reporting shall include a descriptive narrative, tracking of the approved timeline and work plan (scope of work), and a detailed financial accounting of all grant funds spent in comparison with the approved budget. 2. Payment is contingent on the performance of the services described in Exhibit A to the full satisfaction of the Executive Director, on behalf of the Commission. 3. The amount that the Commission shall be obligated to pay for services rendered under this Agreement shall not exceed FIFTY THOUSAND DOLLARS ($50, 000), the Maximum Amount for the Agreement term . 4. Payment is contingent upon satisfactory performance, appropriate grant management, and timely reporting . 5. The Grantee shall expend funds received, in accordance with the budget as described in Attachment B1 and B2 attached hereto and incorporated by reference herein, or as approved later by the Executive Director or his/her designee. REV: 09-23-16 RL ATTY/AGR/2016.279/FIRST 5 SAN MATEO COUNTY — RC2020 Page 9 of 12