Agmt16 San Mateo County Transportation Authority (TA) 101 Undercrossing

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D and incorporated herein. Sponsor will maintain all necessary books and records in accordance with generally accepted accounting principles. 2.5 Invoices; Payments. a) Sponsor must prepare and submit billing statements consistent with the Reimbursement Claim Form with all required supporting documentation. Supporting documentation may include, but is not limited to, copies of vendor invoices, tirnesheets, backup documentation, checks, and payment advice, and must include an accounting of the TA's share of costs for the Scope of Work as contemplated by this Agreement. b) Sponsor must detail the tasks performed, associated costs, and pro rata share of Scope of Work Costs to be borne by the TA with each reimbursement request. c) The TA will endeavor to disburse reimbursements for approved Scope of Work Costs within thirty (30) days after the TA's approval of each claim, subject to the limits on the TA's maximum contribution as established in Section 2. 1 . The TA's obligation to reimburse Scope of Work Costs to Sponsor as provided in this section is conditioned upon the TA's prompt receipt of quarterly progress reports from Sponsor pursuant to Section 1 .4 above. d) Invoices may be submitted, no more frequently than once a quarter, by mail to: Accounts Payable San Mateo County Transportation Authority 1250 San Carlos Avenue San Carlos, CA 94070 Or by e-mail to: accountspayable @samtrans.com SECTION 3 : Tenn 3 . 1 Term. The term of this Agreement will commence on the Execution Date and conclude upon the earliest of: (a) the TA's final reimbursement to Sponsor for work perfonned hereunder, (b) termination by Sponsor or the TA pursuant to this Section 3, or three (3) years and six (6) months after the Execution Date of this Agreement. 3 .2 Sponsor's Right to Terminate; Repayment upon Termination. Sponsor may at any time terminate the Scope of Work by giving ten (10) days' written notice to the TA of its election to do so. Upon such termination, Sponsor will not be reimbursed for any further Scope of Work Costs and will reimburse the TA for all monies paid by the TA and costs incurred by the TA in connection with the Scope of Work within ninety (90) days of the TA' s submission to Sponsor of a detailed statement of such payments and costs. San Mateo County Transportation Authority/City of Redwood City Highway 101 Undercrossing Project 12495786.1 May 28. 2014 boilerplate 5 REV: 08-09-16 VR ATTY/AGR.2016.210/SMCTA — 101 Undercrossing Measure A grant