5734 AUTHORIZING THE ISSUANCE OF PROJECT LOAN NOTES IN CONNECTION WITH URBAN RENEWAL PROJECT NO. ILL. R-100

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. • 3 not more than NINETEEN THOUSAND NINE HUNDRED NINETY DOLLARS ($19,990.00) shall be paid during the first year this Agreement is in effect. During the second year this Agreement is in effect, not more than TWENrY ONE THOUSAND NII� HUNDRED T(n�NTY ONE DOLLARS ($21,921.00) shall be paid. Dur- the thixd year this Agreement is in effect not more than T4+JENTY FOUR THUU�AND FIVE HUNDRED IJINETY FIVE DULLARS ($24,595.00) �hall be pa id. During the fourth year this Agreement is in effect not more than T4�NTY SIX TH�USA,ND SIX HUNDRED FIFTY Tinl� DOLLARS ($26,652.00) shall be paid. 4. 1�THOD OF PAYI�NT: At the end of each month in �ich services are provided by the Contractor I, under this Agreement the Oontractor may submit to the Local Public Agency ' an itemized statement of expe ndituxes made and costs incurred. Said state- , ment may include a figure for administra�ive overhead whic h shall not ex- ', ceed 8.5Yb of the actual expenclitures mac'� and costs incurred as shown on II the itemized state�ent submitted monthly to the Local Public Agency. If the Director of the Department of Community Development determines that the I�, costs requested are consistent with this Agreement he shall approve the re- ' quisit ion and recommend payment ther eof. As provided in the Referral Coun- seling Service Proposal, the project books and recor ds of the Contractor ', will be audited at the close of each year of this Agreement and will be I available to the Local Public Agency on reasonable request. If in the de- �, terminat ion of the Director of the DepaYtment of Community Development an ii audit, or an examination by the Local Public Agency reveals expenditures I contrary to or inconsistent with this Agreement, the Contractor expressly I agrees to return to the Local Public Agency any cocnpensation paid or reim- bursement given to th em for that expenditure. IT IS EXPI�SSLY UNDERSTOOD AND AGREED that in no event will the total cam- pensation and reimbursement, if any, to be paid hereunder exceed the maxi- mum sum of 1VINETY THREE THOUSAND O1� HUNDRED FIFTY EIGHT DOLLARS ($93,158.00) for all the se rvices required. 5. This Agreemen t is su bject to and incorporates the provisions designated, "Part II, Terms and Conditions" (United States Department of Housing & Urban Development Renewal Assistance Administration Form HUD-621B, dated February, 1969), a copy of which is hereto attached and made a part hereof.