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15. Audits and Records Access.
<br /> A. Contractor shall make available to the City, its authorized agents, officers, or employees,
<br /> for examination any and all ledgers, books of accounts, invoices, vouchers, cancelled
<br /> checks, and other records or documents evidencing or relating to the expenditures and
<br /> disbursement of SATMD assessment funds received pursuant to this Agreement,and shall
<br /> furnish to the City,within sixty(60)days after examination,its authorized agents,officers
<br /> or employees such other evidence or information as the City may require with regard to
<br /> any such expenditure or disbursement charged by Contractor.
<br /> B. Contractor shall maintain full and adequate records in accordance with City requirements
<br /> to show the actual costs incurred by the Contractor in the performance of this Agreement.
<br /> Contractor shall comply with the California Public Records Act.If such books and records
<br /> are not kept and maintained by Contractor within the City, Contractor shall,upon request
<br /> of the City,make such books and records available to the City for inspection at a location
<br /> within the City or Contractor shall pay to the City the reasonable and necessary costs
<br /> incurred by the City in inspecting Contractor's books and records, including, but not
<br /> limited to, travel, lodging and subsistence costs. Contractor shall provide such assistance
<br /> as may be reasonably required in the course of such inspection.The City further reserves
<br /> the right to examine and reexamine said books,records and data during the four(4) year
<br /> period following termination of this Agreement or completion of all work hereunder, as
<br /> evidenced in writing by the City,and Contractor shall in no event dispose of,destroy,alter,
<br /> or mutilate said books,records, accounts, and data in any manner whatsoever for four(4)
<br /> years after the City makes the final or last payment or within four (4) years after any
<br /> pending issues between the City and Contractor with respect to this Agreement are closed,
<br /> whichever is later.
<br /> C. Contractor shall not be required to conduct an annual audit. However, if the City has a
<br /> reasonable basis to believe that expenditures have not been consistent with the SATMD
<br /> Management District Plan, the 1994 Law, or any other applicable laws, the City may
<br /> request an audit of expenditures for the period in question.
<br /> 16. Documents and Materials. Contractor shall maintain and make available to City for its inspection
<br /> and use during the term of this Agreement,all Documents and Materials,defined as any and all documents,
<br /> contracts, subcontracts, receipts, invoices, plans, collateral, advertisements and other paper or electronic
<br /> writings and other materials used for the provision of services under this Agreement. Contractor's
<br /> obligations shall continue for four (4) years following termination or expiration of this Agreement, and
<br /> Contractor shall in no event dispose of, destroy, alter or mutilate said Documents and Materials, for four
<br /> (4)years following the City's last payment to Contractor under this Agreement.
<br /> 17. Time of Essence.Time is of the essence in respect to all provisions of this Agreement that specify
<br /> a time for performance; provided,however, that the foregoing shall not be construed to limit or deprive a
<br /> party of the benefits of any grace or use period allowed in this Agreement.
<br /> 18. Termination/Disestablishment. The City has and reserves the right to suspend, terminate or
<br /> abandon the execution of any work by Contractor upon adoption of a resolution disestablishing the SATMD
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