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L ;,-'rEB 24 '94 10.40AM <br />AMENDMENT NO o 1 TO THE <br />CONTRACT XANAGEXENT AGREEMENT <br />P. <br />This AMENDNZM NO. 1 to the Contract Management Agreement <br />by and between the City of Colton, a public body, corporate and <br />politic (the "City") ,and Steward & Associates, a California <br />corporation (the "Contrast NanagskII) r is entered mato as of this <br />dray of , 1994, and shall be effective as <br />of e dAte herec . <br />The Contract Management Agreement is hereby amended as <br />follows <br />I Page 1, Segti*n shall 4e amended -to- readae `follows. <br />3. I <br />F'inanc:in cif Prs 9_i = The Protect shall be <br />financed by the'City, through the sale and deliver cif its <br />Certificates of Particination (11COR ¢ see) y` <br />Q <br />2. <br />Page 2, second paragraph of Section 4, shall be amended to <br />read as follows. <br />The city shall pay an initial amount equal to <br />$150,000 (lass amounts previously remitted by the city to <br />the contract Kanager) on or before seven 7) business <br />days from and after the date of this Agreement. Any <br />portion of such initial payment used and applied by the <br />contract Manager for the payment of Project costs shall <br />be reimbursed to the Contract Mana er from <br />upon <br />submittal of a r"Im �.t�v ces 'a~er I on of <br />navment by the Contract 1 naoer. <br />Veen- issimae*-of.- <br />payale' t ti A' €ia a tai ager for compensation pursuant <br />to this Section 4 shall be paid only upon final <br />acceptance of the Project by the city suent_0 <br />-1- <br />