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<br />EXHIBIT B <br />PAYMENT SCHEDULE <br />City shall pay Contractor an amount not to exceed the total sum of EIGHTY EIGHT <br />THOUSAND FIVE HUNDRED FIFTY FIVE DOLLARS and 00/100 ($88,555.00) for services <br />to be performed and reimbursable costs incurred pursuant to this Agreement. Contractor shall <br />submit invoices, not more often than once a month during the term of this Agreement, based on <br />the cost for services performed and reimbursable costs incurred prior to the invoice date. <br />Invoices shall contain the following information: <br />1. Serial identifications of progress bills, i.e., Progress Bill No. 1 <br />2. Beginning and ending dates of the billing period <br />3. Task Summary containing the original contract amount, the amount of prior <br />billings, the total due this period, the balance available, and the percentage of <br />completion <br />4. For each work item in each task, a copy of the applicable time sheets shall be <br />submitted showing the name of the person doing the work, the hours spent by <br />each person, a brief description of the work, and each reimbursable expense. <br />City shall make monthly payments, based on such invoices, for services satisfactorily <br />performed, and for authorized reimbursable costs incurred. <br />City shall pay the last 10% of the total sum due pursuant to this Agreement within forty- <br />five (4S) days after completion of the services and submittal to City, if all services due pursuant <br />to this Agreement have been satisfactorily performed. <br />The total sum stated above shall be the total which City shall pay for the services to be <br />rendered by Contractor pursuant to this Agreement. City shall not pay any additional sum for <br />CSA/John Cahalan Landscape <br />Lewelling Boulevard Landscape Median <br />Page 6 of 19 <br />Project No. 210-38-231 <br />