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8D Consent 2016 1205
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8D Consent 2016 1205
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
12/5/2016
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Alameda CTC Agreement No. A16-0079 <br />Project No. 1468.020 <br /> <br />Appendix B - Page 2 <br />APPENDIX B (CONT.) <br /> <br />Reimbursements of ALAMEDA CTC ADMINISTERED FUNDS obligated by this AGREEMENT shall be in <br />accordance with the Drawdown Limitation Schedule below. <br /> <br />TABLE B-2 <br />ALAMEDA CTC ADMINISTERED FUNDS <br />REIMBURSEMENT - DRAWDOWN LIMITATION SCHEDULE <br />No. Fiscal Year Quarter Fund Source Quarterly <br />Drawdown Amount <br />Cumulative <br />Drawdown <br />Limitation Amount <br />1 FY 16/17 Q3 2014 MBB $1,500,000 $1,500,000 <br />2 FY 16/17 Q4 2014 MBB $1,500,000 $3,000,000 <br /> <br />Notes: <br />1. Fiscal Year (FY) begins July 1 and ends June 30. <br />2. Quarter 1 begins July 1 and ends September 30; Quarter 2 begins October 1 and ends December 31; Quarter 3 begins <br />January 1 and ends March 31; and Quarter 4 begins April 1 and ends June 30. <br />3. ALAMEDA CTC shall endeavor to transmit payments to PROJECT SPONSOR following a receipt and approval of a <br />Request for Reimbursement(s) by the PROJECT SPONSOR. <br />4. Actual reimbursements from ALAMEDA CTC to the PROJECT SPONSOR shall not exceed the Cumulative Drawdown <br />Limitations Amount without Alameda CTC’s written approval. Any portion of a reimbursement request, which <br />exceeds the applicable Cumulative Drawdown Limitation without such prior written approval by ALAMEDA CTC shall <br />be deferred until the following quarter.
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