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I <br />such money to further construction or to reimburse Redwood Shores <br />for its previous construction expenses. It is agreed that 1d <br />Shores may, at its option, elect to be reimbursed for prior Y <br />>. expenditures before any new construction is scheduled to be funded# <br />H <br />by the Fund. Reimbursement to Redwood Shores shall include interest <br />U <br />o as described in paragraph 5(b). <br />g(d) The precise timing and procedure for reimbursement of an <br />zf <br />advances or costs of construction shall be determined by mutual � t^ <br />r:t consent of the parties at the time the commitment for such funding <br />0 <br />H <br />W <br />is mode. <br />O <br />,n (e) The quarterly meetings of the parties hereto shall be <br />• held in the office of the City Manager at 9:00 A.M. on the second <br />A <br />` Wednesday of each designated month, or at such other places or <br />times mu Lually agreed upon by the parties. The City/District and <br />Redwood Shores shall each be entitled to three (3) representatives <br />at sl•eh meetings. The City Manager shall designate such <br />t <br />representatives on )•••half of the City and District, and the Presid nt <br />�of Redwood Shores ..hall designate its respective representatives. No <br />§; otter persons or CntiuOs shall be entitled to representation at such <br />{ <br />meetings unless otherwise agreed by mutual consent of the parties <br />hereto. All actions taken at such meetings shall rrqui�, the mutual <br />consuls of t!:e parties hereto. >� t. <br />t: <br />(f) Any decisions or approvals of City and/or District required" <br />by this agreement, including, without limitation, commitment of Fund <br />monies for construction or reimbursement or adjustment of the Rate <br />n <br />Schedule in accordance with paragraph 6(c), shall be effected, on <br />f <br />behalf of the City, or District, by motion of the City Cc,_^cil, also <br />acting as the Board of Directors of District, at a regularly <br />scheduled meeting. Increases in the Rate Schedule of over 5% In any <br />10 <br />