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<br />making satisfactory progress with the Services, City and Agency may, in their sole <br />discretion, agree to reduce retention withheld for individual subcontractors at an earlier <br />time, provided, however that City and Agency shall withhold an amount equal to at least <br />five percent (5%) of the Cost of the Work completed and in place. As a condition to any <br />reduction in retention, Developer shall provide City and Agency with written consent to <br />the release of any retained funds by the surety or sureties of the Contractor and <br />subcontractor to be paid. When the City, Agency and Developer have agreed that the <br />Services are substantially complete, the City and Agency may, at their sole discretion, <br />release the remaining retained funds excess of an amount equal to One Hundred and <br />Fifty percent (150%) of value of any remaining complete or disputed work as shown on <br />the list attached to the Notice of Substantial Completion. Those funds will be released <br />no less than thirty five (35) days after the City has accepted the Streetscape <br />Improvements and Street Modifications and has recorded a Notice of Completion for the <br />Streetscape Improvements and Street Modifications. <br /> <br />Withholdina Pavment. <br />City and Agency may withhold, or on account of subsequently <br />discovered evidence nullify, the whole or a part of any payment to such <br />extent as may be necessary to protect City and Agency from loss, including <br />costs and attorneys' fees, on account of (1) defective or deficient work <br />product not remedied; (2) claims filed or reasonable evidence indicating <br />probable filing of a claim or claims; (3) failure of Developer to make <br />payments properly to its employees, Contractors or Consultants; or (4) <br />failure to substantially adhere to the Project Schedule or to achieve sufficient <br />progress with the Services such that Developer is unlikely to achieve timely <br />completion. <br />3. ADDITIONAL SERVICES. In the event City or Agency desires the performance <br />of additional services not otherwise included within the services described in Exhibit "A," <br />such services shall be authorized by City and Agency by Change Order or task order <br />approved in advance of the performance thereof. Such amendment or task order shall <br />include a description of the services to be performed thereunder, the maximum <br />compensation and reimbursement of costs and expenses payable therefor, the time of <br /> <br />I. <br /> <br />Atty/Agr/2005.072 <br />101105 <br />840847v12 33786/0001 LBack <br /> <br />10 <br />