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DTSC in association with preparation of this Oversight Agreement and for review of <br /> documents submitted by the Redevelopment Agency prior to the effective date of the <br /> Oversight Agreement; and (2) all costs incurred by DTSC in implementing and providing <br /> oversight or conducting other activities pursuant to this Oversight Agreement. DTSC will <br /> notify the Redevelopment Agency in writing when it approaches charges of sixty-five <br /> percent (65%) of the total Cost Estimate prepared for a Property or group of properties. <br /> Costs incurred include interest on unpaid amounts that are billed and outstanding for <br /> more than 60 days from the date of DTSC's quarterly invoice. The parties agree to <br /> evaluate the budget to determine if either a revised estimate or scope of work is needed <br /> at the time of the written notice or whether the Redevelopment Agency wishes to <br /> terminate this Oversight Agreement either in its entirety or as to a specific Property or <br /> group of properties as provided in Section 24 of the Standard Provisions. If DTSC or the <br /> Redevelopment Agency anticipates a change in the Scope of Work or the need for <br /> revision of the Cost Estimate, DTSC will provide a revised estimate in advance of <br /> exceeding the total cost estimate. <br /> 2.7.1. In anticipation of the services to be rendered under this Oversight <br /> Agreement as described in Exhibit C, the Redevelopment Agency will make an advance <br /> payment of $ 40,000.00 to DTSC no later than thirty (30) days after the effective date of <br /> this Oversight Agreement. If the Redevelopment Agency's advance payment does not <br /> cover all costs payable to DTSC under this subsection, DTSC will invoice the <br /> Redevelopment Agency quarterly. <br /> 2.7.2. All payments made by the Redevelopment Agency for activities performed <br /> for a Property or group of properties pursuant to this Oversight Agreement will be by <br /> check made payable to the Department of Toxic Substances Control," and bearing on <br /> its face the project code for the Property or group of properties (See Exhibit B) and the <br /> DTSC Contract Number of this Oversight Agreement. All payments made by the <br /> Redevelopment Agency for DTSC activities performed pursuant to this Oversight <br /> Agreement, but not applicable to a Property or group of properties will be by check <br /> made payable to the "Department of Toxic Substances Control" and bearing on its face <br /> the project code for this Oversight Agreement (Site Code 102125) and the Contract <br /> Number of this Oversight Agreement. Payments should be sent to: <br /> Department of Toxic Substances Control <br /> Accounting/Cashier <br /> P.O. Box 806 <br /> Sacramento, California 95812-0806 <br /> 2.8. Exhibits. Standard provisions of this Oversight Agreement are contained in <br /> Exhibit E (Oversight Agreement Standard Provisions), which is attached to this <br /> Oversight Agreement. All exhibits attached to this Oversight Agreement, including <br /> Exhibit E, are incorporated into this Oversight Agreement by reference. <br /> 2.9. Effective Date. The effective date of this Oversight Agreement is the date <br /> when this Oversight Agreement is fully executed. <br /> 7of31 <br />