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SECTION II <br /> <br />AUTHORITY AGREES: <br /> <br /> (1) AUTHORITY will enter into all contractual arrangements <br />with SPONSOR and consultant to complete the Project work. <br />AUTHORITY may arrange for performance of all work by SPONSOR or <br />may elect to contract for professional and/or construction <br />services. <br /> <br /> (2) AUTHORITY will provide CITY with quarterly reports on <br />or before the fifteenth day of each calendar quarter (March 15, <br />June 15, September 15 and December 15). These reports ("Progress <br />Reports") shall describe the current status of the PROJECT and <br />Related Projects, actions and costs expended or incurred during <br />the previous three months, acti6ns expected to be taken and costs <br />projected to be expended during the next three months, any <br />unexpected legal, environmental, engineering or construction <br />difficulties with PROJECT, any projected changes and any <br />additional relevant information. <br /> <br /> (3) AUTHORITY will bill CITY on a timely basis for its <br />share of the local match at least 30 days in advance of the date <br />that payment is due under Exhibit A, Payment Schedule. <br /> <br /> (4) AUTHORITY agrees to provide Measure B Funds for the <br />Project up to the amount of, and AUTHORITY's total maximum <br /> <br />0Z5~01\224~1.1 4 DRAFT Janua~ 21, 1~7 <br /> <br /> <br />