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best interests of the health, safety and welfare of the City and its residents and that those actions <br />comply with the public purposes and applicable provisions of state and local iaw. <br />NOW THEREFORE, the parties mutually agree as follows: <br />1. Section 1 (Contract Amount and Term) of the Agreement between the parties is <br />modified to read in its entirety as follows: <br />The Organization shall provide the programs and services set forth at Exhibit A (the <br />"Program") on behalf of the City, for the Contract Amount for the period commencing January <br />I, 2007 and ending December 31, 2009. The approved schedule for the Program is set forth at <br />Exhibit B. The Organization shall submit quarterly reports to the Contract Administrator on <br />March 31, June 30, September 30 and December 31 of each year this Agreement is in effect <br />showing the progress of the Program, including a summary of all transactions detailing each <br />recipient by name, address, amount of funds attributable to the Contract Amount used, the <br />amount of private investment in the Corridor, the project commencement date and the project <br />completion date. <br />(Re~nainc~er of page intentionally left blank) <br />