AgdaPkt 2007-03-26 - Laserfiche WebLink

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6.3B DRAFT DRA~TPage 14 NOW, THF,REFORE, THE PARTIES AGREE AS FOLLOWS: Responsibilities of ALLIANCE. ALLIANCE shall exercise primary responsibility for managing the SHUTTLE PROGRAM. ALLIANCE will handle all invoicing, promotion, grant reporting, and logistical maintenance of the SHUTTLE PROGRAM, including, but not Iimi.ted to, the following specific responsibilities: (a) Invoicing and Payments: (1) ALLIANCE shall invoice PARTICIPATING EMPLOYERS in a timely manner and with a frequency as deemed appropriate by mutual consent. Payments shall be due within 30 days from the billing date. The invoices shall instruct the Participating Employers to make their checks payable to "The ALLIANCE" and to mail or deliver the same to: Peninsula Traffic Congestion Relief Alliance ATTN: Finance Department -Redwood City Shuttle 1150 Bayhill Drive, Suite 107 San Bruno, CA 94066 {2) In the event that unanticipated revenue is generated by the SHUTTLE PROGRAM such as bus advertising, interest income, additional employer contributions or rebates, ALLIANCE shall record this revenue in a separate line item within the Shuttle Program budget reflecting the Redwood City Shuttle, and reserve this funding for Program-rela#ed expenses as agreed upon by the Parties, such as signage, marketing and other expenses. (b) Grant Reporting and Applications: (1) The FUNDING AGREEMENT between ALLIANCE and I~ UNDER and/or any other funding agreements or financing arrangements for the SHUTTLE PROGRAM may be proposed from time to time. (2) ALLIANCE shall assume primary responsibility for: ^ Preparation and timely submittal, on behalf of CITY, of all reports that may be required under the terms of any funding agreements for the SHUTTLE PROGRAM; and ^ Re-applying to funding agencies on behalf of ALLIANCE for grant funds in future years, including but not limited to, the preparation of Peninsula Traffic Congestion Relief Alliance Page 2 January 2007 FTANSONSF__] 302526_2 (2).doc 1302526.2