Agmt 1999 San Leandro Shelter for Women and Children

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EXHIBIT B CONDITIONS OF PAYMENT BETWEEN SAN LEANDRO SHELTER FOR WOMEN AND CHILDREN AND CITY OF SAN LEANDRO 1. Before any disbursements may be made, Recipient shall establish a budget, to be approved in writing by Development Services Director or designee, specifying by line item the expenditures to be made with CDBG funds. 2. All funds disbursed to Recipient must be expended within fifteen (15) days of approval of the disbursement request. Upon the approval of the Development Services Director or designee, the amounts specified under items 3 and 4 of this exhibit may be modified, so long as the total remains within the maximum amount of the contract. 3. No funds shall be disbursed until Recipient provides City with a copy of the purchase and sale agreement and escrow instructions and executes a Promissory Note and Deed of Trust providing City with a security interest in the property identified in the purchase and sale agreement, except that Recipient may draw no more than $25,000 out of escrow prior to close of escrow for project management, project consultant and legal costs. Recipient must present the Development Services Director with receipts for all of the services provided. 4. Prior to disbursement, any change in the budget that results in lower costs shall be communicated to City immediately. If Development Services Director or designee determines that the total amount of funds under this Contract exceeds the amount necessary to complete the acquisition, Development Services Director or designee may adjust the Contract accordingly. J:\WPD\CSIA136\01\AGRER1999\CDBG\SHELTAG.W61 1