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<br /> 8A <br /> Page 22 <br /> Exhibit A: Program Services <br /> Exhibit B: Method of Payment <br /> Exhibit C: Restrictions for Affordable Housing <br /> NOW, THEREFORE, IT IS HEREBY AGREED BY THE PARTIES <br />HERETO AS FOLLOWS: <br /> 1. SERVICES TO BE PERFORMED <br /> Contractor, under the general direction of the rf()u~ing Coordinator or her <br />authorized representative, shall perform services asdesCr'illed in Exhibit A in <br />consideration of the payments hereinafter set foltl1,ihExhibifB. <br /> 2. PAYMENTS <br /> ,..... .' <br /> ., .. ., . . <br /> ~.. .. . . .. ., . <br /> ."...... -. ," <br /> -,..., ... .. .',. <br /> A. Maximum Amount. In'f(!ltconsid.eratJon of Contractor's <br /> Performance of the services descrlb~d in Exhibit A, the amount that <br /> the City shall be obljgeted to paY4('1~er this Agreement shall not <br /> exceed Seven Hu~<:ifedFor1y EightThpusand, Four Hundred <br /> Ninety Three and 6?t100Qqnars ($748,49.~.67). <br /> .. . .. <br /> .". .,:..... .-.... <br /> B. Rate ofPavment. Tl1e'rate<~ndt&rmSkof payment shall be as <br /> Specifi~qin E~hibit B. ~n'y9hange is subject to the approval of the <br /> Housing Coordinator or her: authorized representative, and shall not <br /> bEfllinding onCitYiilJnless"sg,c:lpproved in writing. In no event may <br /> the tefm~ otPCiYlTlel1t'b~ changed to the extent that the maximum <br /> ,', ".qty obli9i:ttt0I1 shall exceed the total specified in Paragraph 2A <br /> 'abdve~ Each payment shall be conditioned on the performance of <br />.. the seryicesC:J:es.cribed in Exhibit A to the full satisfaction of the <br />..:'1' Housing,p~ordi~~tor or his representative. <br /> C. , Time Limit for Submittina Invoices. Contractor shall submit a <br /> Disclosure of Estimated Fees from First American Title Company to <br /> Cityfpfpayment in accordance with the provisions of Exhibit A. <br /> CitY shall deposit $748,493.67 into escrow account no later than <br /> three days prior to close of Escrow. City and Agency shall not be <br /> obligated to pay Contractor for the services covered by any invoice <br /> if Contractor presents the invoice to City more than one-hundred <br /> twenty (120) days after the date services were rendered, or more <br /> that ninety (90) days after this Agreement terminates, whichever is <br /> earlier. <br />3. RELATIONSHIP OF PARTIES <br />1:2006 STAFF REPORTS/04-2006/ACTION PLAN ADOPT/Cedar 5t Acquisition 2 <br /> --- - -- .~ -.' -.---.- <br />