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period commencing January 1. 2008. and ending lleca»ber 31. ?009. The approved <br />schedule for the Program is set forth at Gxhibit B. "fhe Organization shall submit <br />quarterly reports to the Contract Administrator on March 3l. _lune 3(l, September 30 and <br />December 31 of each year this Agreement is in effect showing the progress of the <br />Program. including a summary of all transactions detailin~~ each recipient by name. <br />address, amount of funds attributable to the Contract Amount used, the amount of private <br />investment in the Corridor, the project commencement date and the project completion <br />date. <br />7. Prnt~rcm7 13zrcft'el cwtd I3i~clge! i1luclrticulion. The approved Program <br />Budget is set forth at Exhibit C (the "Budget"~). The Organization shall not spend more <br />than the amount for each line item, as described in the Budget, without the prior written <br />consent of the City. the Organization shall only use the Contract Amount to implement <br />the Program or provide the services in conformance with the Budget and for uo other <br />purpose. <br />3. Conzj~ensution for Prv~t~rc~na. The Contract Amount shall be paid within <br />thirty (~0) days of the latter of: (il the date the last party hereto executed this Agreement <br />ar' (ii) the completion of all actions necessary to appropriate the funds for the Program. <br />All funds unencumbered for the Program at the expiration of this Agreement shall he <br />returned to the City upon the City°~s ~~ritte^ request Any funds attributable to staff or a <br />contract for staff or services shall only be deemed to be encumbered to the extent the <br />percentage of services are provided through the termination date of this Agreement. <br />-~. Design nrrc/ hnpleme~~~crlion o/~ Pro~~rurn. ~I~o the extent not set forth in <br />Exhibit A. Exhibit B and I~,xhibit C, the Organisation shall be solely responsible for the <br />design and implementation of the Program. unless specifically directed otherwise by the <br />City. the City's [eternal .Auditor (as defined herein). the Director of the Division of <br />Community Development or any person appointed by said Director or the City to <br />administer this Agreement (the "Contract Administrator"). fhe Program and this <br />Agreement must be performed and administered in accordance with all applicable <br />federal, state and local law. The Or<~anization shall use the Contract Amount only for <br />activities related to the Program. The Organization shall further enter into a written <br />agreement documentine the disbursement of funds attributable to the Contract Amount. <br />~. Ter~mincr~ion o/~ ~~~reemenl. ff the Cite Controller makes a writte^ <br />determination that funds are not appropriated or otherwise available to support the <br />continuation of this Agreement, it shall be canceled. A determination by the City <br />Controller that funds arc not appropriated or otherwise available to support the <br />continuation of performance shall he final and conclusi~~c. lit[ective thirty (30) days after <br />delivery of a written termination notice. the Cite may terminate ibis As~rcement. in whole <br />or in part, for any reason, if the City determines that such termination is in the best <br />interest of the City. The Organization shall be compensated I~~r completion of the <br />Program properly done prior to the effective date oC termination. ~hhc Cit}° will not be <br />liable for work on the Pro~~ram performed alter the effccti~~c date of termination. In no <br />case shall total payment made to the Organization exceed d~c original Contract Amount. <br /> <br />