Agmt 2013 San Leandro Improvement Association

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5.2.1 Conduct reviews and or audits of any Assessment related data; verify Assessment data as compiled by any consultant, sub-consultant,or other party hired by SLIA; perform field or on-site inspections to verify the accuracy of Assessment data or investigate any Property owner claims concerning the accuracy of any Assessment data. 5.2.2 Recalculate the Assessment amount due and request the Alameda County Auditor- Controller(the"CAC")to make the requested adjustments. Provided however, that if the CAC does not honor the City's request to recalculate the Assessment the City shall not be liable in any way for any Assessments other than its own, and shall not be obligated to pursue any action against the CAC to obtain any adjustment or recalculation. 5.3 Disbursements. The annual District Assessments will be collected through the County property tax collection procedures and will be transmitted to the City pursuant to agreements between the City and County. Except for the costs defined in Paragraph 5.3.4, below, City shall disburse the collected Assessments to SLIA pursuant to the terms and conditions of this Agreement. The City shall not be obligated to disburse Assessments which have not been collected. Upon request by SLIA and with approval of the City subject to compliance with this Agreement,any Assessments received by the City that are in excess of the annual Assessment (penalties, late- payments,etc.) shall be disbursed to the SLIA upon receipt. 5.3.1 Assessment Disbursement Schedule. Contingent upon receipt of District Assessment funds from the County of Alameda and contingent upon SLIA's compliance with this Agreement and the District Plan, the City shall disburse to the SLIA the Assessments received from the County on or about the following dates and in accordance with the following percentages. Said disbursements shall include an accounting of the property Assessments paid per parcel. On or about: • December 18th The full amount transferred by the County to the City in the December installment. Plus 50%of the annual Assessments received and collected by the City for tax-exempt and publicly owned parcels within the District. April 30 The full amount transferred by the County to the City in the April installment. Plus 50% of the annual Assessments received and collected by the City for tax-exempt and publicly owned parcels within the District. June 20th Any additional Assessment amounts transferred to the City that were collected during the fiscal year(terminating on June 30th)and transferred to the City, shall be forwarded to SLIA based on the schedule set forth in 5.3.1 herein above. Said additional amounts may include any delinquency or penalty amounts from the late or non-payment of Assessments by any property owner in the District. 5.4 Subsequent Adjustments. If there is an adjustment in the Disbursement due to changes in receipts of the District, such Disbursement may be adjusted in the following year. The - 7 -