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<br />CDBG CAPITAL IMPROVEMENT AGREEMENT <br />EXHIBIT B <br />City shall pay Recipient an amount not to exceed the total sum of TWENTY <br />THOUSAND ONE HUNDRED TWENTY-THREE AND TWENTY-TWO CENTS <br />($20,123.22) for furniture and equipment to be purchased. Payments to Recipient shall be based <br />upon the completion of the work items and corresponding cost listed in Exhibit A. <br />Invoices shall 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. A brief description of the work performed, including but not limited to, improvements <br />constructed during the billing period. <br />City shall pay the last 10% of the total sum due pursuant to this Agreement within forty- <br />five (45) days after completion of the work and submittal to City, if all work due pursuant to this <br />Agreement has been satisfactorily performed. <br />The total sum stated above shall be the total which City shall reimburse the Recipient for <br />the work pursuant to this Agreement. City shall not pay any additional sum for any expense or <br />cost whatsoever incurred by Recipient in performing the work. <br />Exhibit B <br />Page 1 of 2 <br />