Agmt 2013 San Leandro Improvement Association

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District(the"District Revenues"). SLIA shall notify City in writing as soon as SLIA is aware that District Revenues are insufficient or not available to perform duties specified in the District Plan. 2. Method of Performing Disbursement Duties. The method, details and means of performing the disbursement of District Revenues shall be as described in the District Plan attached hereto as Exhibit A, and as set forth herein (the "Disbursement Duties"). In the event of any conflict between the District Plan and this Agreement, disbursement of District Revenues shall be for the special benefits described in the District Plan. 3. District Term. SLIA's Disbursement Duties shall begin on December 15th 2013, or as soon as the first year Assessments have been transferred to the SLIA. SLIA shall complete their Disbursement Duties by December 31, 2028, subject to the annual review and termination provisions in section 13 of this Agreement. 4. SLIA Responsibilities. 4.1. Program Implementation and Operation. SLIA shall be fully responsible for developing, implementing, directing and operating the District Plan. SLIA assumes all responsibility for completing activities required to implement the District Plan and its programs. 4.2. Competitive Bidding. SLIA shall competitively bid all contracts over$15,000 and shall keep and provide copies of all bids submitted for review to any affected property owners or to the City upon request. The lowest bidder will not necessarily receive the contract that is bid. The quality, performance and experience of bidding contractor shall be taken into consideration prior to the awarding of that contract. The maximum contract term shall be three years for competitively bid projects. 4.3. Separate Bank Account for District Revenues. All District Revenues received by SLIA pursuant to this Agreement shall be held in a bank account separate and apart from any other funds managed or administered by SLIA, and shall not be co-mingled with any other funds (the "Account"). Copies of all SLIA District Revenue Account statements shall be made available to the City upon request. SLIA shall provide the City with evidence of the establishment of the required District Revenue Account prior to the City transferring any Assessments to the SLIA. 4.4. Use of Downtown San Leandro Community Benefit District or SLIA Name.The name "Downtown San Leandro Community Benefit District"or the "San Leandro Improvement Association" as its management corporation, or an appropriate abbreviation, shall appear on all marketing and promotional materials funded in part or in whole by District Revenues. 4.5. Reporting to Property Owners within the District. A statement of activities/programs funded by District Revenues, and the cost of each such activity or program shall be mailed to every property owner within the District by December 31st of each year during the Term (the "Activity Statement"). A copy of the Activity Statement and a list of property owner names and addresses shall be provided to the City no later than December 15th of each year during the Term. -3 -