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8E Consent 2017 0918
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8E Consent 2017 0918
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9/12/2017 3:43:56 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
9/18/2017
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Reso 2017-127
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\City Clerk\City Council\Resolutions\2017
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Alameda CTC Agreement No. A17-0127 <br />Project No. 1468020 <br /> <br />Appendix B - Page 2 <br />APPENDIX B (CONT.) <br /> <br />Reimbursement 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 <br />Quarterly <br />Drawdown <br />Limitation Amount <br />Cumulative <br />Drawdown <br />Limitation Amount <br />1 FY 17/18 Quarter 4 2014 MBB $ 1,300,000 $ 1,300,000 <br />2 FY 18/19 Quarter 1 2014 MBB $ 1,300,000 $ 2,600,000 <br />3 FY 18/19 Quarter 2 2014 MBB $ 1,300,000 $ 3,900,000 <br />4 FY 18/19 Quarter 3 2014 MBB $ 1,300,000 $ 5,200,000 <br />5 FY 18/19 Quarter 4 2014 MBB $ 1,300,000 $ 6,500,000 <br />6 FY 19/20 Quarter 1 2014 MBB $ 1,300,000 $ 7,800,000 <br />7 FY 19/20 Quarter 2 2014 MBB $ 1,300,000 $ 9,100,000 <br />8 FY 19/20 Quarter 3 2014 MBB $ 1,300,000 $ 10,400,000 <br />9 FY 19/20 Quarter 4 2014 MBB $ 1,300,000 $ 11,700,000 <br />10 FY 20/21 Quarter 1 2014 MBB $ 1,300,000 $ 13,000,000 <br /> Total Cumulative Drawdown Limitation Amount $ 13,000,000 <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 />Limitation Amount without Alameda CTC’s written approval. Any portion of a reimbursement request, which exceeds <br />the applicable Cumulative Drawdown Limitation without such prior approval by ALAMEDA CTC shall be deferred until <br />the following quarter.
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