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8L Consent 2020 1214
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8L Consent 2020 1214
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
12/14/2020
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Alameda CTC Agreement No. A21-00XX <br />Project No. XXXX <br /> <br />Appendix B - Page 8 <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 Drawdown <br />Limitation Amount <br />Cumulative <br />Drawdown <br />Limitation Amount <br />1 2020/21 Any 2000 MB $75,000 $75,000 <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 the receipt and approval of a <br />complete Request for Reimbursement(s) submitted 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 or until sufficient capacity in the cumulative drawdown limitation amount is achieved. <br />171
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