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<br />20 <br /> <br />21 <br /> <br />22 <br /> <br />23 <br /> <br />24 <br /> <br />25 <br /> <br />26 <br /> <br />AGREEMENT C-6-0069 <br /> <br />I <br /> <br />EXHIBIT F- PROJECT OVERSIGHT <br /> <br />2 <br /> <br />3 <br /> <br />BACKGROUND <br /> <br />4 <br /> <br />AUTHORITY is responsible for the administration of the COMMITTED FUNDING AMOUNT <br />($125 million) to assist in financing right-of-way acquisition, design and construction for <br />PHASE I and PHASE II of CITY's PROJECT. <br /> <br />5 <br /> <br />6 <br /> <br />OBJECTIVE <br /> <br />7 <br /> <br />8 <br /> <br />The objective of Project Oyersight is to allow the Authority an opportunity to insure proper <br />use of the COMMITTED FUNDING AMOUNT to deliver the PROJECT scope. <br /> <br />9 <br /> <br />OCTA PROJECT OVERSIGHT <br /> <br />10 <br /> <br />II <br /> <br />Project Oversight may include but is not limited to the monitoring of the PROJECT in order <br />to determine if the PROJECT is on schedule and within budget as established by the semi- <br />annual maximum obligation. <br /> <br />12 <br /> <br />13 <br /> <br />Monitoring activities may include, but are not limited to: <br />);> Interviews <br />);> Attendance at various meetings <br />);> Review of docurnents <br />);> Observations <br />);> Examination of records, and <br />);> Analysis of data and information. <br /> <br />14 <br /> <br />IS <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />Page 23 of 26 <br />