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8E Consent 2021 1115
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8E Consent 2021 1115
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11/11/2021 11:09:16 PM
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11/11/2021 11:09:15 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
11/15/2021
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Reso 2021-157 Measure BB Grant Agreement
(Approved by)
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\City Clerk\City Council\Resolutions\2021
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Alameda CTC Agreement No. A19-0069 <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 accordance with the Drawdown Limitation Schedule below. <br /> TABLE B-2 <br />ALAMEDA CTC ADMINISTERED FUNDS REIMBURSEMENT - DRAWDOWN LIMITATION SCHEDULE <br />No. Fiscal Year Quarter Fund Source Drawdown Limitation Amount <br />Cumulative Drawdown <br />Limitation Amount <br />1 FY 21/22 Any 2014 MBB $4,000,000 $4,000,000 <br />2 FY 22/23 Any 2014 MBB $4,000,000 $8,000,000 <br />3 FY 23/24 Any 2014 MBB $6,000,000 $14,000,000 <br /> <br />Notes: 1. Fiscal Year (FY) begins July 1 and ends June 30. 2. Quarter 1 begins July 1 and ends September 30; Quarter 2 begins October 1 and ends December 31; Quarter 3 begins January 1 and ends March 31; and Quarter 4 begins April 1 and ends June 30. 3. ALAMEDA CTC shall endeavor to transmit payments to PROJECT SPONSOR following the receipt and approval of a 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 the applicable Cumulative Drawdown Limitation without such prior approval by ALAMEDA CTC shall be deferred until the following quarter or until sufficient capacity in the cumulative drawdown limitation amount is achieved. <br />136
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