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SECTION 9—DISBURSEMENT SCHEDULE <br /> For PROJECT costs: The Chatfield Reservoir Mitigation Company, Inc. ("MITIGATION <br /> COMPANY") shall prepare a written request for funds which shall include copies of <br /> the MITIGATION COMPANY'S board approval and copies of the backup for the request <br /> for funds including, but not limited to invoices. After receipt of the written request <br /> from the MITIGATION COMPANY and review and acceptance of the items therein as <br /> eligible expenses, as described above by the CWCB, the CWCB will pay to the <br /> escrow agent designated by BORROWER on its behalf into its "Individual Escrow <br /> Account" (as defined in the escrow agreement between the escrow agent, <br /> BORROWER and MITIGATION COMPANY) the amount set forth in the request or such <br /> portion that has been approved by the CWCB. Such payment shall be made <br /> within thirty (30) days from the CWCB's approval of each request. <br /> SECTION 10—TIME FOR PERFORMANCE <br /> PROJECT BEGINS: Upon Effective Date of this CONTRACT (the date this <br /> CONTRACT is signed by the State Controller or his designee). <br /> PROJECT END DATE: Thirteen (13) years from the Effective Date of this CONTRACT. <br /> [THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK] <br /> Appendix 1 <br /> Page 5 of 5 <br />