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i 4. Upon receipt by the Agency of a cost certification statement bearing the signature of the duly authorized agent of the City and describing in detail all or any part of the costs herein enumerated that have been actually accrued and paid by the City, the Agency shall pay to the City within 10 days the amount called for in the aforesaid statement, provided that if the Agency is unable to pay the amount so called for because of a deficiency in its accumulated tax increment funds pursuant to Health and Safety Code Section 33670 et sea., the Agency shall pay a portion of said costs according to the tax increment funds available. Those amounts remaining unpaid shall continue to be a debt of the Agency and shall be paid immediately to the City upon receipt by the Agency of sufficient tax increment funds. It is understood by both he Agency and the City that such repayment shall be a debt of the Agency and shall be repaid solely from tax increment and other funds generated within the Redevelopment Project Areas, if any. 5. If any provision of this Repayment Contract, or the application thereof to any person, party, transaction, or circumstances, is held invalid, the remainder of the Agreement or the application of such provision to other person, parties, transactions, or circumstances, shall not be affected thereby. IN WITNESS WHEREOF, the Agency and City have signed this Agreement as of the date first hereinabove set forth. Apt: Alice Calvert, Secretary as to Form R. Meyers, Counsel CITY OF SAN LEANDRO, a municipal corporation VJ-0- Michael A. Oliver, City Manager REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO, a public body corporate and politic Elle Corbett, Chairp Repayment Agreement Page 2