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<br />- <br /> <br />AMENDMENT NO. 2 <br />COOPERATIVE AGREEMENT NO. C-6-0069 <br /> <br />-' <br /> <br />2. Amend ARTICLE 6. RESPONSIBILITIES OF CITY, paragraph G. Proaress Reoortina, <br /> <br />2 Page 6 of 26, line 9, to delete the word "quarterly" as the progress reporting requirement and in lieu <br />3 thereof insert the word "monthly". <br /> <br />4 <br /> <br />3. <br /> <br />Amend ARTICLE 8. PAYMENT to delete paragraph B. Delivery of Invoice, Page 8 of <br /> <br />5 26, lines 11 through 20, in its entirety and replace with the following: <br /> <br />6 <br /> <br />"B. <br /> <br />Delivery of Pavment Reauest <br /> <br />7 1. On a monthly basis, CITY shall request payment from AUTHORITY an amount <br /> <br /> <br />8 based upon a pro-rated portion of amounts specified in Exhibit D, entitled "Semi-Annual Maximum <br /> <br /> <br />9 Obligation for Bristol Street Widening". CITY'S requests for payment shall be in writing, with three (3) <br /> <br /> <br />10 copies submitted to AUTHORITY'S Accounts Payable Department and one (1) copy submitted to <br /> <br /> <br />11 AUTHORITY'S Project Manager. Within ten (10) business days after AUTHORITY'S receipt of an <br /> <br />12 acceptable request for payment, AUTHORITY will review the request for payment for consistency and <br />13 conformity with all requirements of this Agreement and issue payment to CITY. AUTHORITY shall <br />14 notify CITY of any amounts not approved for payment and specify the reason for disapproval. CITY <br />15 may include such disapproved amounts in the next month's request for payment after correction of the <br />16 deficiencies noted by AUTHORITY (all such disapproved amounts shall be deemed in dispute unless <br />17 otherwise agreed). <br />18 2. On a quarterly basis, CITY shall reconcile actual expenses versus payments <br />19 from AUTHORITY for the PROJECT. If actual expenses are less than payments from AUTHORITY, <br />20 AUTHORITY shall withhold such excess payment amounts from CITY's next monthly payment request. <br />21 If actual expenses exceed payments from AUTHORITY, CITY shall submit a written request for <br />22 payment to AUTHORITY for such additional actual expenses. In no event shall payments from <br />23 AUTHORITY exceed amounts specified in Exhibit D, entitled "Semi-Annual Maximum Obligation for <br />24 Bristol Street Widening", nor the maximum obligation amount specified in Article 5. RESPONSIBLlTIES <br />25 OF AUTHORITY, paragraph C. Maximum Obliaation." <br /> <br />26 I <br /> <br />L.\CAMM\CLERICAL\CLERICAL\CLERICAl\WORDPRQC\AGREE\AMEND\AM260069.DOC <br />Page 2 of 5 <br />