NEIGHBORHOOD STABILIZATION PROGRAM 2

"Urban County Jurisdiction" means the federally designated CDBG entitlement jurisdiction made up of the cities of Albany, Emeryville, Piedmont, Dublin, Newark and the Unincorporated County. "Very Low Income Households" means a household with an annual income equal to or less than fifty percent (50 of the area median income, as defined by the U.S. Department of Housing and Urban Development for the San Francisco Oakland Fremont Metropolitan Statistical Area. II STATEMENT OF WORK Contractor will perform or arrange for the performance of the work under this Agreement in the manner and time provided herein and in accordance with: the Scope of Work and the Budget, to be approved by the Housing Director; and any specifications and drawings; and all related documents and provisions attached hereto as Exhibit A and incorporated herein by reference. III. COMMENCEMENT AND COMPLETION REQUIREMENTS A. County has allocated the sum of $1914 234 to be expended as described in this Agreement. Unless an amendment to this Agreement otherwise provides, that amount shall in no event be exceeded by Contractor at any given time, and County shall under no circumstances be required to pay in excess of that amount. Payment shall be made pursuant to the terms and conditions set forth in Exhibit B, attached hereto and by this reference made a part hereof. Sums not so paid shall be retained by County. B. Requests for disbursement of funds must be based on information submitted by CONTRACTOR that is consistent with (i) the overall program budget, (ii) the aproved NSP Rental Property Budget, and (iii) the approved NSP Property Budget for each Subject Property. Advancement of NSP funds may be contingent upon certification of CONTRACTOR's financial management system in accordance with the standards specified in OMB Circular A -110. C. The term of this Agreement begins on the 1 st day of August, 2009, and ends on the l day of March, 2013, or when all contract terms have been completed. D. It shall be the responsibility of CONTRACTOR to coordinate and schedule the work to be performed so that commencement and completion will take place in accordance with the provisions of this Agreement. The County may extend the time for completion of the Agreement in writing, if it determines that delay in the progress of work is not attributable to the negligence of CONTRACTOR and that such delay was due to causes beyond the control of CONTRACTOR.