Agmt18 San Mateo Co Transportation Authority and Peninsula Corridor Joint Powers Board MOU

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TA's submission to the JPB of said statement. If the JPB terminates for the TA's default, neither the JPB nor the Sponsor will have any obligation to make any payments or reimbursements to the TA. 5. Termination by the TA. The TA may at any time terminate this MOU, with or without cause, by giving ten (10) days' written notice of such termination. If the TA terminates the Scope of Work for Sponsor's default, Sponsor will reimburse the TA for all funds paid or reimbursed by the TA in connection with performance of this MOU. If the TA terminates the Scope of Work for JPB's default, the TA will submit to the JPB a detailed statement of payments and costs paid or reimbursed by the TA and the Sponsor in connection with the Scope of Work and termination. The JPB will reimburse the TA and the Sponsor for all such funds within ninety (90) days of the TA's submission to the JPB of said statement. If the TA terminates the MOU for convenience, the TA will pay to Sponsor and the JPB all costs and expenses incurred by Sponsor and the JPB as a result of such termination. 6. Termination by the Parties. If it is mutually agreed by the Parties that it would be in their mutual best interest to terminate or suspend work under this MOU, none of the Parties may seek, and none of the Parties will be entitled, to receive further reimbursement for any costs or expenses incurred in connection with the Scope of Work nor termination of this MOU. Expiration of TA Financial Obligations. ions. Any and all financial obligations of the TA pursuant to this MOU will expire upon the expenditure of the TA's maximum contribution to the Project as established in Section B.1, above, or upon termination of this MOU under Section C.1, above. D. TA Responsibilities 1. The TA will make available up to $750,000 of Measure A Funds for the Scope of Work. 2. The TA will review, process, and audit (at its discretion) invoices and other documentation of expenditures for work performed under this MOU. The TA will also track the accumulation and expenditure of Measure A Funds allocated for the Scope of Work, and process other documentation of expenditures in compliance with TA accounting and budgeting requirements. E. JPB Responsibilities The JPB is the lead implementing agency responsible for delivering the Scope of Work and agrees to: a. Manage performance of the Scope of Work, including developing and carrying out the Scope of Work on schedule and within budget; b. Provide technical oversight for performance of the Scope of Work; San Mateo County Transportation Authority/ City of Redwood City Project Study Report Phase for Whipple Avenue Grade Separation Project 14387636.3 ATTY /AG R.2018.189rrA/J P B REV: 08 -07 -18 OZ