Agmt05 CDBG Midpeninsula Citiz - Laserfiche WebLink

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2. USE OF FUNDS. Contractor will use the funds provided pursuant to Paragraph 1 solely for the Program purposes described in Exhibits A (Budget) & B. 3. CHANGES TO PROGRAM. No changes in the Program described in this Agreement which are funded by the financial assistance provided under Paragraph 1 will be made without the prior written consent of City. 4. PAYMENTS. Contractor will keep detailed and accurate records of all expenditures made and expenses incurred which are funded under this Agreement. Payments of funds allocated pursuant to Paragraph 1 will be made to Contractor on a reimbursement basis as follows: (i) Contractor will submit requests for payment to City monthly on forms provided by City's Housing Coordinator; (ii) all requests for payment will be accompanied by receipts or other proof of expenditures, and will disclose amounts of Program income, if any, generated by user fees, (iii) Contractor will submit billings over a ten month period. Final payment must be submitted and received by the City no later than May 20, 2006 pursuant to Exhibit B; (iv) such income amounts will be subtracted from corresponding requests for payment; and (v) Program income will be expended by Contractor prior requesting additional reimbursements from City. 5. STANDARD OF SERVICE. Contractor warrants to City that it will perform all Program activities funded hereunder in accordance with the highest standards providing for similar programs in The San Francisco Bay Area. Contractor further warrants to City that it will use and account for all funds provided hereunder strictly in accordance with standards governing the use of, and accountability for, funds held and disbursed in trust. The program will conform to the highest standards providing for programs of similar or like nature in the San Francisco Bay Area. Contractor will be responsible for, and hold City CDBG/DJT.cje 2 7/19/2005