Agmt82 DDA Redwood Shores Inc. GID 1-64

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cases, the District shall then as mote fully described in naragrap. 8(c), reimburso Redwood Shores for such expenses out of monies accumulated or to be accumulated in the Fund. (b) Within thirty (30) days following the effective date of this agreement, and subsequently thereafter on a quarterly basis (in March, June, September and December), throughout the term of this agreement, the parties hereto shall meet to review the time schedule for construction of the facilities described in "Exhibit A". At such weeting the parties shall make an accounting of Lho monies r" C' I,- Lne Fund, ar,d the amount of money each party has .xpended for t consLruction of the Facilities. Rased upon such accounting, and L current cost estimates for the proposed construction, the parties will determine whether to adjust the Rate Schedule. At such meeting, the parties shall also determine which of the Facilities should be t schoduled for construction. If the Fund does not contain sufficient monies to cover the �nti,i,ca:cd cost of constructing the Facilities' which the parties desire to schedule for construction, Redwood Shos may elect to either advance funds to the District to constru,t'or {( caune to be constructed, such Facilities at its own expense, subjedt to reimbursement as hereinafter described. It is agreed that no I general funds of the City of Redwood City shall be ohliq�tod for ths; construction of public facilities subject to this agreement. If jC no money is available in the Fund for construction, and Redwood F+ Shores does not elect to advance funds for construction or to construct such Facilities with its own funds subject to 1 reimbursement, the parties will defer further scheduling of construction until a later quarterly review meeting. (c) As money accumulates in the Fund, the parties, at their quarterly review meetings, shall determine whether or not to commit 9 t