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a Development Site is approved by the JDA, and the selected Developer agrees to financially <br /> participate in the extension of the respective City Public Improvements. <br /> 3.7.3. City Cost Recovery Formula. City shall develop an equitable formula for <br /> the purpose of recovering.the City Investment for the cost of the preparation of the AUAR and <br /> TCAAP Master Plan. The formula shall be applied to a Development Site and may be <br /> determined by City as follows: (i) on a per acre basis of a Development Site compared to the <br /> developable acreage of the TCAAP Site; (ii) a per acre basis on classes,of land uses on the <br /> TCAAP Site or a Development Site; (iii) the value of the proposed development on a <br /> Development Site; (iv) or other reasonable formula (the "Cost Recovery Formula"). The Cost <br /> Recovery Formula may be a fee or surcharge attached to the building permit or other approval <br /> issued by City for a Development Site, and collected by City as part of the building permit <br /> review process. <br /> Section 3.8. Development Site Cost Recovery Process. The JDA shall impose the usual <br /> and customary development fees for a Development Site as provided in Section 3.2.3, and as <br /> described at Schedule D. Such fees shall be used by the JDA to pay the costs of the development <br /> review process; purchase services from the Parties or consultants necessary and convenient for <br /> the review of Development RFPs and applications for Development Sites; and the drafting of <br /> development agreements for a Development Site. <br /> Section 3.9. Additional Cost Recovery. The Parties shall determine a reasonable method . <br /> to distribute any funds generated by the redevelopment of the TCAAP site which are not <br /> specifically allocated as provided in this Section. <br /> 3.9.1. Non-Allocated Costs. Each P--f-,shall be responsible' for its respective <br /> costs and expenses not otherwise specifically allocated.in this Joint Agreement, including but not <br /> limited to costs incurred in the preparation of this Joint Agreement, or costs for any other <br /> agreements or documents determined by the Parties to be necessary and convenient as the Parties <br /> move forward to implement this Joint Agreement. <br /> (The remainder of this page left intentionally blank) <br /> 18 <br />