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EXHIBIT B <br />CONDITIONS OF PAYMENT BETWEEN <br />CITIZENS HOUSING AND CITY OF SAN LEANDRO <br />Before any disbursements may be made, Contractor shall establish a budget, to be approved in <br />writing by Community Development Director or designee, specifying by line item the expenditures <br />to be made with HOME funds. <br />2. All funds disbursed to Contractor must be expended within fifteen (15) days of approval of the <br />disbursement request. Upon the approval of the Community Development Director or designee, <br />the amounts specified under items 3 and 4 of this exhibit may be modified, so long as the total <br />remains within the maximum amount of the contract. <br />3. Funds shall be disbursed according to the budget formulated under item 1 of this exhibit. <br />4. Prior to disbursement, any change in the budget that results in lower casts shall be communicated <br />to City immediately. If Community Development Director or designee determines that the total <br />amount of funds under this Contract exceeds the amount necessary to complete the acquisition, <br />Community Development Director or designee may adjust the Contract accordingly. <br />J:1wpolMnrsw113610011AGREE120021CitizenslExhibit B 2 042402.doc <br />