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(iv)Material Problems (if any) <br />Detailed description of all material problems (including actual and anticipated cost and/or <br />schedule overruns, if any), encountered or anticipated in connection with the construction of the <br />Project during the preceding quarter, together with an assessment of how such problems may <br />impact the Construction Schedule and the meeting of critical dates thereunder and a detailed <br />description of the proposed solutions to any such problems: <br />(v)Proposed or pending change orders that exceed the threshold set out in Section <br />16(f) (Modifications to Total Project Costs) or could reasonably be expected to <br />result in a Material Adverse Effect <br />(vi)Other matters related to the Project <br />Date: _______________________ CITY OF NORTH MIAMI BEACH, <br />by its authorized representative <br />By: _______________________________ <br />Name: _____________________________ <br />Title:_______________________________ <br />EXHIBIT K-2 <br /> <br />