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period commencing January 1. 2008, and ending December 31. 2009. ~fhe approved <br />schedule for the Program is set forth at I'xhibit B. The Organization shall submit <br />quarterly reports to the Contract I\dministrator on March ~l. lone 30. September 30 and <br />December 3 t of each year this Agreement is in effect showing the progress of the. <br />Program. including a summary of all transactions detailing each recipient by name. <br />address. amount of funds atu~ibutable 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 />Z. Pro~~r~am l3nd~ret and I3uck~c/ ;19oc(ifica/ion. The approved Program <br />Budget is set lorlh at F~xhibit C (the "Budgct~~). The Organization shall not spend more <br />than the amount for each line item, as described in the Budget, without the prior writta~ <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 [~~r no other <br />purpose, <br />3. C'ot~rt~cnstr~ron fbr Progrurn. 1~hc Conu<ict Amount shall be paid within <br />thirty (>0) days of the latter of: (i) the date the last party ha•eto executed this Agreement <br />or (ii) Ule completion of all actions necessary to appropriate the funds for the Program. <br />All funds unencumbered for the Program at the expiration of this ngrcement shall be <br />returned to the City upon the City's written request. Anv 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 arc provided through the termination date of this ngrcement. <br />-l. De.ci~rn uncl lmplementulioy7 nfI'rn~rrum. "I~o the extent not set forth in <br />Exhibit ~, Exhibit B and I~:xhibit C, the Or~,*anization shall be solely responsible for the <br />design and implementation of the Program. unless spcciiically directed otherwise by the <br />City, the City's Internal Auditor (as defined herein), or the Director of the Division of <br />Community Development or any person appointed b~~ said Director or the City to <br />administer this Agreement (the °Contract Administrator ~). The Program and this <br />Agreement must be performed and administered in accordance with all applicable <br />federal, state and local law. The Organization shall use the Contract Amow~t only for <br />activities related to the Program. fhe Organization shall further enter into a written <br />agreement documenting the disbursement of funds attributable to the Contract Amount. <br />~. Tci~nunation o/ A~~reemen~. If the Cite Controller makes a ~{ritten <br />determination that funds arc 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 are not appropriated or otherwise available to support the <br />continuation of performance shall be final and conclusive. I:Ptcctive thirty (30) days after <br />delivery of a written termination notice, the City may terminate this Agreement, in whole <br />or in part, for an}° reason. if the City determines that such termination is in the best <br />interest of the City. ~I~hc Organization shall be compensated for completion of the <br />Program properly done prior to the effective date of termination. The City will not he <br />liable for work on the Program performed alter the effective date of termination. In no <br />case shat[ total payment made to the Organization exceed the original Contract Amount. <br /> <br />