Agmt 2001 Stepping Stones Growth Center

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EXHIBIT B City shall pay Recipient an amount not to exceed the total sum of Thirty Thousand dollars ($30,000.00) for improvements to be constructed. Payments to Recipient shall be based upon the completion of the work items and corresponding cost listed in Exhibit A. Invoices shall contain the following information: 1. Serial identifications of progress bills, i.e., Progress Bill No. 1. 2. The beginning and ending dates of the billing period. 3. A Task Summary containing the original contract amount, the amount of prior billings, the total due this period, the balance available and the percentage of completion. 4. A brief description of the work performed, including but not limited to, improvements constructed during the billing period. City shall pay the last 10% of the total sum due pursuant to this Agreement within forty- five (45) days after completion of the work and submittal to City, if all work due pursuant to this Agreement has been satisfactorily performed. The total sum stated above shall be the total which City shall reimburse the Recipient for the work pursuant to this Agreement. City shall not pay any additional sum for any expense or cost whatsoever incurred by Recipient in performing the work. City shall make no payment for any extra, further or additional work pursuant to this Agreement unless such extra work and the price therefor is agreed to in writing executed by the City Manager or other designated official of City authorized to obligate City thereto prior to the (;~\TlR\A(1PF\Ctri~ning CTl1TIPC ('1P AD rrmPnt ~('Tl(;R~ FV ~(1M_~f1(17 Anr -\HOPE~Stepping Stones CIP Agreement (CDGB),FY 2001-2002.doc