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<br /> , <br /> . funds to be raised to finance the Development, including any public financial <br /> participation required, If public financial participation is anticipated for the <br /> Development, the proforma shall be accompanied by a plan detailing the means by <br /> which such participation will be financed by the public. <br /> (e) At least every month, commencing one month after the date of this Agreement, <br /> provide the City with written reports as to the Developer's progress in assembling <br /> the information and third-party commitments necessary to comply with the terms of <br /> this Agreement and proceed with the Development. <br /> All of the information described above shall be prepared or collected at the sole expense of <br /> the Developer, <br /> Section 4, Negotiation of Contract. Upon receipt of all information and documentation <br /> required to be provided pursuant to Section 3 of this Agreement, and any additional or <br /> supplementary information the City may require, the City shall review the same and determine <br /> whether it desires to proceed to work with the Developer to negotiate a Contract relative to the <br /> Development. Such determination shall be in the sole discretion of the City, If the City <br /> determines, in its sole discretion, that based upon the information provided or based upon a <br /> failure by Developer to provide required information, to make satisfactory progress toward the <br /> implementation of the Development, or to otherwise perform its obligations hereunder, it is not <br /> . in its best interests to continue to work with the Developer, it shall so notify the Developer, <br /> whereupon this Agreement shall terminate and, subject to Section 7, neither party shall have any <br /> rights or obligations, including, without limitation, any obligation for reimbursements for costs <br /> incurred hereunder, to the other or to any third party under or with respect to this Agreement, If <br /> after receiving and reviewing all requested information, the City determines to continue to work <br /> with the Developer, the Developer and the City will proceed to attempt to negotiate the Contract <br /> within the next thirty(30) days, The parties agree that the execution of the Contract shall be <br /> subj ect to: <br /> (a) A determination by the City, in its sole discretion, that its undertakings are <br /> financially feasible and in its best interests; and <br /> (b) A determination by the Developer, in its sole discretion, that its undertakings are <br /> financially feasible and in its best interest. <br /> Section 5, Effect of ApJlrovals, No approval given by the City hereunder or in connection <br /> herewith shall be deemed to constitute an approval of the development for any purpose other <br /> than as stated herein and the process outlined in this Agreement shall not be deemed to supersede <br /> any concept review, conditional use permit, vacation, subdivision, or other zoning or planning <br /> approval process of the City relative to the development of real estate, <br /> Section 6, Exclusive Ne!!otiations, The City agrees that during the term of this Agreement <br /> . or unless this Agreement is terminated in accordance with its terms, the City will not negotiate <br /> with or enter into an agreement with any third party concerning the City's providing of financial <br />