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<br /> ;)~F <br /> -7- <br /> pursuant to Exhibit A, Performance statement, and of the <br /> expenditures and obligations of funds by budget category made <br /> pursuant to Exhibit B, Budget, of this contract. The Quarterly <br /> Progress Report shall be in a format prescribed by the Department <br /> and shall include all such activities, expenditures, and <br /> obligations made or performed under this contract during the <br /> previous quarter. <br /> C. The Foundation agrees to cooperate with the city in the <br /> preparation of a certificate of Completion to be submitted to the <br /> Department. <br /> D. The parties acknowledge that if either party fails to submit <br /> to the Department in a timely and satisfactory manner any report <br /> required by this contract, the Department may, at its sole option <br /> and in its sole discretion, withhold any or all payments otherwise <br /> ~ <br /> due or requested by the City under the Grant Contract. If the <br /> Department withholds such payments, it shall notify the City in <br /> writing of its decision and the reasons. therefore. Payments <br /> withheld pursuant to this paragraph may be held by the Department <br /> until such time as the delinquent obligations for which funds are <br /> withheld are fulfilled by the City and the Foundation. <br /> i <br /> SECTION 9. MONITORING <br /> The City reserves the right to perform periodic on-site monitoring <br /> of the Foundation's compliance with the terms and conditions of <br /> this contract, and of the adequacy and timeliness of the <br /> Foundation's performances under this contract. The Fo.undation <br /> agrees to provide to the City at the time of on-site visits <br /> information regarding the establishment and operation of the <br /> Incubator and any other information deemed necessary by city to <br /> administer this contract. If the monitoring notes deficiencies in <br /> the Foundation's performances under this contract, the city will <br /> provide a monitoring report to include requirements for the timely <br />