Agmt10 San Mateo County Transportation Authority "TA"

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needed to complete the Project and shall provide at least 50% of the total Project Costs. The TA's funding commitment under this Agreement shall in no way establish a right for the CITY to receive additional funding from the TA in connection with or related to this Project. 2.2 Use of Funds. CITY agrees that it shall use funds provided pursuant to this Agreement to supplement existing revenue, that funds provided pursuant to this Agreement may not be used to replace funds previously provided by local taxes or other local revenues for transportation purposes, and that the CITY will limit the use of funds provided pursuant to this Agreement for the Project. If the TA determines that the CITY has used funds provided pursuant to this Agreement other than for the approved Project, the TA will notify CITY of its determination. The CITY shall, within thirty (30) days of notification of the TA's determination, either (a) repay such funds to the TA, or (b) provide to the TA an answer detailing the CITY's understanding of how the funds in question were spent for the approved Project, to which the TA will respond within thirty (30) days of receipt. The TA's response will be final, unless otherwise stated in the response. 2.3 Reimbursement Basis. CITY may seek reimbursement for Project Costs incurred July 1, 2010 through June 30, 2012. Project Costs must be incurred and paid by the CITY prior to asking for reimbursement from the TA. Documentation must accompany all requests for reimbursement. No funding advances are allowed. 2.4 Accounting and Reimbursement Procedures. CITY shall maintain all necessary books and records in accordance with generally accepted accounting principles. No more than once a month and no less than once every three months, CITY shall prepare and submit claims for reimbursement consistent with the "Reimbursement Claim Form," which is attached to this Agreement as Exhibit C and incorporated herein. CITY shall include a detailing of the TA's pro rata share of Project Costs for all work to be funded under this Agreement. CITY shall submit supporting documentation with each Reimbursement Claim Form, which documentation may include, but is not limited to, copies of associated vendor invoices, backup documentation, checks and payment advice. Claims for reimbursement and supporting documentation are to be submitted to: Accounts Payable San Mateo County Transportation Authority 1250 San Carlos Avenue San Carlos, CA 94070 The TA shall endeavor to disburse reimbursements for approved Project Costs within thirty (30) days after the TA's approval of each claim, subject to the limits on the TA's maximum contribution as established in Section 2.1. The TA's obligation to reimburse Project Costs to the CITY as provided in this section shall be conditioned upon the TA's prompt receipt of quarterly progress reports from CITY pursuant to Section 1.4 above. 4 San Mateo County Transportation Authority/ Redwood City: Redwood City Mid Point Caltrain Shuttle