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EXHIBIT B <br />PAYMENT SCHEDULE <br />City shall pay Contractor an amount not to exceed the total sum of THIRTY FIVE <br />THOUSAND FOUR HUNDRED SIXTY SIX AND NO/100 ($35,460.00) for services to be <br />performed and reimbursable costs incurred pursuant to this Agreement. Contractor shall submit <br />invoices, not more often than once a month during the term of this Agreement, based on the cost <br />for services performed and reimbursable costs incurred prior to the invoice date. Invoices shall <br />contain the following information. <br />1. Serial identifications of progress bills, i.e., Progress Bill No. 1. <br />2. The beginning and ending dates of the billing period. <br />3. A 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 />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 any <br />EXHIBIT B Page 1 of 2 <br />Annual Overlay/Rehabilitation 2001-02 <br />