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For property purchase: the BORROWER shall prepare a written request for funds that shall <br /> describe the closing on property purchase including, but not limited to, the name of the <br /> seller, cost, closing date, and appraisal value and support documentation in the form of <br /> copies of the sales agreement and the appraisal pursuant to Section 8(n) above. After <br /> receipt of the written request from the BORROWER, and review and acceptance of the items <br /> therein as eligible expenses as described above, the CWCB will pay to the BORROWER the <br /> amount set forth in the request or such portion that has been approved by the CWCB. <br /> Such payment shall be made within thirty (30) days from the CWCB's approval of each <br /> request. <br /> SECTION 11 —TIME FOR PERFORMANCE <br /> PROJECT BEGINS: Upon Effective Date of this CONTRACT (the date this CONTRACT is signed <br /> by the State Controller or his designee). <br /> PROJECT END DATE: Three (3) years from the Effective Date of this CONTRACT <br /> [THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK] <br /> Appendix 1 <br /> Page 4 of 4 <br />