Res13 15282 - Laserfiche WebLink

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07/22/2013 agreed upon by the parties (buyer, seller and City) to City for payment in accordance with the provisions of Exhibit "A". City shall deposit $400,000.00 into escrow account no later than three days prior to close of Escrow. City shall not be obligated to pay Contractor for the services covered by any invoice if Contractor presents the invoice to City on or after September 1, 2013. Contractor will keep detailed and accurate records of all expenditures made and expenses incurred which are funded under this Agreement. Contractor shall disclose amounts of Program Income, if any, generated by user fees and if any, will be subtracted from corresponding requests for payment; and Program Income, if applicable, will be expended by Contractor prior to requesting reimbursement from City. 5. STANDARD OF SERVICE. Contractor warrants to City that it will use and account for all funds provided hereunder strictly in accordance with standards governing the use of, and accountability for, funds held and disbursed in trust. The Project will conform to the highest standards providing for projects of similar or like nature in the San Francisco Bay Area. Contractor will be responsible for, and hold City harmless from, any failure to adhere to such standards. Contractor will verify that all activities funded hereunder benefit only residents within City's corporate limits. 6. REPORTS. Contractor will submit quarterly reports to the City describing the activities funded under this Agreement to document Contractor's success in meeting the Project objectives referenced in this Agreement. The final report will be submitted no later than thirty (30) days after initial occupancy of the new units. The reports will include the total number of direct beneficiaries of the Project with demographic information regarding income, household composition, ethnicity, age and other data as required by City or HUD. RESO. # 15282 MUFF # 608 '