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($1,073,360). Said One Million Seventy -Three Thousand <br />Three Hundred Sixty Dollars ($1,073,360) shall be made <br />available to the Contractor in accordance with the <br />following terms and conditions. <br />a. Beginning with the monthly period commencing <br />with the date of this contract and for every month <br />thereafter until said project has been completed, <br />the Contractor shall prepare, with the assistance <br />of the engineering firm referred to in paragraph <br />A.I. above, an estimate of the funds required from <br />the State for project engineering and /or <br />construction during that month and shall forward <br />said estimate to the State not less than fifteen <br />(15) days prior to the beginning of such month. <br />b. Upon receipt and approval by the State of such <br />monthly estimate, the State will, within forty <br />(40) days from the recei of such estimate, pay <br />over to the Contractor mo f the monthly <br />estimate or such port i er o has been <br />approved by the State,' <br />c. No payments wi m eider this contract <br />for project construct o 1 the project plans <br />and specifications ref d to in paragraph A.I. <br />above are approved by, tate. <br />I. Upon completion of the repayment to the State in <br />the sum of One Million Nine Hundred Fifty -One Thousand <br />One Hundred Twenty -Five Dollars and Eleven Cents <br />($1,951,125.11), as set forth in paragraph A.11.a. of <br />this contract, or upon repayment of the project loan in <br />accordance with paragraph A.11.b. of this contract, the <br />State agrees to convey to the Contractor all of the <br />State's right, title, and interest in and to the <br />project and any other property described in paragraph <br />A.5. by deed or other proper conveyance. <br />4. The repayment schedule (Exhibit A of the Original <br />Contract) is hereby amended as shown in Attachment B. which is <br />by this reference incorporated and made a part hereof, <br />5. The effective date of this contract amendment no. 1 <br />shall be seven (7) days after the day it is dated. <br />6. In the event of any inconsistency variance or <br />contradiction between the provisions of this contract amendment <br />no. 1, or any of its attachments, exhibits, and any of the <br />provisions of the Original Contract, or its attachments or <br />exhibits, the provisions of this amendment contract no. 1 shall <br />in all respects supersede, govern and control. <br />Page 3 of 5 Pages <br />