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phases of employment during the performance of federally assisted construction contracts. 8. Housing and Urban Development Act of 1968, Section 3, which requires that, in the planning and carrying out of any project assisted under the Act, that to the greatest extent feasible, opportunities for training and employment be given to low and moderate income persons residing within the unit of local government in which the project is located, and that contracts for work in connection with the project be awarded to eligible business concerns which are located in, or owned in substantial part by persons residing in the same unit of local government as the project. 9. Lead-Based Paint Poisoning Act, which prohibits the use of lead-based paint in residential structures constructed or rehabilitated with Federal assistance. L. CONFLICT OF INTEREST No members, officers, or employees or agents of Contractor, no member of the Board of Directors, and no other official who exercises any function or responsibility with respect to this program during his/his tenure, or for one year thereafter, shall have any interest, direct or indirect, in the agreement or a related contract, or the proceeds thereof. Contractor shall incorporate in all contracts hereunder a provision prohibiting such interest. M. METHOD OF PAYMENT Contractor shall keep detailed and accurate records of all expenditures made and expenses incurred which are funded under this agreement. Payments of funds allocated pursuant to paragraph 1 shall be made to Contractor on a reimbursement basis as follows: (i) Contractor shall submit requests for payment to City monthly on forms provided by City's Housing Coordinator; (ii) all requests for payment shall he accompanied by receipts or other proof of expenditure, and shall disclose amounts of Program income, if any, generated by user fees; (iii) contractor shall submit billings over a ten month period. Final payment must be submitted and received by the City no later than May 20, 2000 pursuant to Paragraph A 2; (iv) such income amounts shall be subtracted from corresponding requests for payment; and (v) Program income shall be expended by Contractor prior to requesting additional reimbursements from City.