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L. METHOD OF PAYMENT <br />r <br />Contractor shall keep detailed and accurate records of all expenditures made and <br />expenses incurred which are funded under this agreement. Payments of funds <br />allocated pursuant to paragraph 1 shall be made to Contractor on a reimbursement <br />basis as follows: (i) Contractor shall submit requests for payment to Agency monthly on <br />forms provided by City's Housing Coordinator; (ii) all requests for payment shall be <br />accompanied by receipts or other proof of expenditure, and shall disclose amounts of <br />Program income, if any, generated by user fees; (iii) contractor shall submit billings over <br />a ten month period. Final payment must be submitted and received by the Agency no <br />later than September 30, 2003 pursuant to Paragraph A2, Exhibit A; (iv) such income <br />amounts shall be subtracted from corresponding requests for payment; and (v) Program <br />income shall be expended by Contractor prior to requesting additional reimbursements <br />from City. <br />M. SCOPE OF WORK <br />The general scope of work to be undertaken by contractor is described on Attachment 1 <br />hereto and incorporated by this reference. The Scope of Work may be amended in <br />writing from time to time with the approval of the Agency Director. <br />IN WITNESS WHEREOF, the parties hereto, by their duly authorized <br />representatives, have affixed their hands. <br />Redevelopment Agency of the City of Redwood <br />City. <br />By <br />Its <br />Title <br />ATTEST <br />City Clerk <br />MP REDWOOD COURT ASSOCIATES, a <br />California Limited Partnership <br />By: MidPeninsula Coalition Monte Vista <br />Terrace Corporation, its general partner <br />Title (Contractor) <br />3/3/2003 <br />