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uch written documentation shall be approved by the Executive Director of Community <br />Development Agency or his or her designee. Any such advance shall be deducted from BID <br />assessment monies collected and deposited. DTI agrees that such advance shall only apply to the <br />first the $20,000.00 of available funds and before any subsequent reimbursements can be made, <br />DTI shall sufficiently document such advance by accompanying receipts, purchase invoices, or <br />other permanent evidences of expenditure as may be prudently required by the City in accordance <br />with Generally Accepted Accounting Principles and established City accounting procedures. <br />(g) The City shall make all reasonable good-faith efforts to deposit BID assessment <br />monies collected each month by the 15`" day of the month following; provided that where the 15'h <br />day falls on a weekend, holiday, or other day in which City Hall is closed, then said deposit shall <br />be made the next day City Hall is open. <br />(h) The City shall also deposit monthly an interest payment equivalent to the average <br />amount of the daily balances for the period of the preceding month. <br />(i) The City upon depositing BID assessment monies shall notify DTI by electronic mail <br />of the net amount of monies available for reimbursement to DTI. Failure by DTI to receive or <br />acknowledge electronic mail notification shall not constitute a breach of this Agreement. <br />0) The City upon receipt of a written request for reimbursement submitted by DTI for <br />documented expenses, shall inspect and examine each request to ensure that all expenses submitted <br />for reimbursement are for the purposes identified in Ordinance NS-1715 and that all expenses <br />submitted are sufficiently documented by accompanying receipts, purchase invoices, or other <br />permanent evidences of expenditure as may be prudently required by the City in accordance with <br />Generally Accepted Accounting Principles and established City accounting procedures. <br />Reimbursement requests shall be approved by the Executive Director of the Community <br />Development Agency or his or her designee. <br />(k) The amount of any approved reimbursement made by the City shall not exceed the net <br />funds available for such reimbursement. In the event that a reimbursement request submitted by <br />DTI exceeds the balance of available funds, the City shall prorate the reimbursement accordingly. <br />(1) The City shall make all reasonable good-faith efforts to process reimbursement <br />requests within 15 working days and to issue a reimbursement check for the approved amount or <br />make equivalent electronic payment to DTI. <br />(m) In the event questions arise relating to the balance of funds available to DTI, DTI <br />may within 15 days of notification request an accounting by the City of the amount of net funds <br />available for reimbursement to DTI. <br />(n) In the event questions arise relating to the amount of any specific reimbursement to <br />DT1 approved by the City, DTI may, within 15 days of such reimbursement payment, request that <br />5 <br />25D-7