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H. Interest during completion of the PROJECT pursuant to Paragraph A.5 of the <br /> CONTRACT. <br /> I. Legal services for reviewing engineering services contracts, reviewing this CONTRACT, <br /> reviewing construction contract documents, and for complying with all federal, state, <br /> and local regulatory requirements. <br /> J. PROJECT-related expenses incurred prior to the Effective Date of this CONTRACT in <br /> accordance with the approval of this loan. <br /> K. Costs associated with evaluating the suitability of the property for purchase, and <br /> obtaining the appraisal or opinion of value supporting the property purchase price. <br /> L. Purchase of Property. <br /> SECTION 10—DISBURSEMENT SCHEDULE <br /> For project expenses: The BORROWER shall prepare a periodic progress report that sets <br /> forth a statement of the PROJECT costs expended for that period and shall forward said <br /> statement to the CWCB. After receipt of the periodic progress report from the <br /> BORROWER, and review and acceptance of the items therein as eligible expenses, as <br /> described above, the CWCB will pay to the BORROWER the amount set forth in the <br /> report or such portion as has been approved by the CWCB. Such payment shall be <br /> made within thirty (30) days from the CWCB's approval of each progress report. <br /> and <br /> For a water rights purchase: the BORROWER shall prepare a written request for funds <br /> that shall describe the upcoming closing on water rights purchase including, but not <br /> limited to, the name of the seller, cost, closing date, and appraisal value and support <br /> documentation in the form of copies of the sales agreement and the appraisal <br /> pursuant to Section 8(a) above. After receipt of the written request from the <br /> BORROWER, and review and acceptance of the items therein as eligible expenses as <br /> described above, the CWCB will pay to the BORROWER the amount set forth in the <br /> request or such portion that has been approved by the CWCB. Such payment shall be <br /> made within thirty (30) days from the CWCB's approval of each request. <br /> and <br /> For property purchase: the BORROWER shall prepare a written request for funds that <br /> shall describe the upcoming closing on property purchase including, but not limited <br /> to, the name of the seller, cost, closing date, and appraisal value and support <br /> documentation in the form of copies of the sales agreement and the appraisal <br /> pursuant to Section 8(n) above. After receipt of the written request from the <br /> BORROWER, and review and acceptance of the items therein as eligible expenses as <br /> described above, the CWCB will pay to the BORROWER the amount set forth in the <br /> request or such portion that has been approved by the CWCB. Such payment shall be <br /> made within thirty (3o) days from the CWCB's approval of each request. <br /> Appendix i <br /> Page 5 of 6 <br />