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<br />Jul-03-1001 II :49 <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />From-PETERSON FRAM BERGMAN <br /> <br />6511181753 <br /> <br />T-161 P 011/015 F-715 <br /> <br />environmental analysis of the rCAAP Site and the preparation of the <br />City's Comprehensive PlanA:rnendment andliifTa~tnJ~t~e~PlliIls:- <br /> <br />E. <br /> <br />Cost Reimbursement. The Developer shall reimburse the City for all costs <br />which the City incurs during the term of this Interim Agreement in the <br />discharge of the duties hereby imposed on the City including, but not limited <br />to, engineering, legal, and pI arming consultants; and administrative time and <br />expenses incurred by the CitYcandwhere dedned:atiWbilriate'by the City <br />Council:~rl~,vel'.incurred byCitVO!~cials:,OCCll~ibne'd:by'1Ittelld.i~~rne.etin~s: <br />with.thiFd: plirtiesat. Developer's request (all herein "Reimbursable <br />-,," "...., '..". .........,.. . .. ._, -" <br />Expenses"). The City's estimated budget for reimbursable expenses and <br />billing rates is attached as Exhibit -C. Changes to estimated budgets shall <br />be approved by the Developer and the City Administrator. <br /> <br />L <br /> <br />Restricted A~e()unt, . Upon execution of this Interim Agreement, <br />'_H ". .."..... ...L.. . __, <br />Developer shall deposit $100,000 with City which shall be placed in <br />a restricted account and may only be used by City for reimbursable <br />expenses. Prior to making a draw on a restricted account, City shall <br />notify Developer. The notice shall include a documentation of costs <br />incurred. Each time the balance in the restricted account drops below <br />$50,000, Developer shall deposit an additjonal $50,000. <br /> <br />2. Avoidance of I>uplication. .. City agrees to keep Developer apprised <br />of the reimbursable efu'tSexpenses which are being incurred so that <br />each pany can attempt to avoid a duplication of services and <br />eo-stsexpenses; provided that, the City, in its sole discretion, may <br />determine which reimbursable costs are necessary for the City to incur <br />in order to satisfY its obligations pursllant to the terms of this Interim <br />Agreement. <br /> <br />F. Limitations. This Interim Agreement does not constitute a disposition of <br />property or any waiver of the exercise of conrrol by the City. Execution of <br />this Interim Agreement by the City is merely an agreement to enter into a <br />period of exclusive negotiations according to the terms hereof, reserving final <br />discretion approval by the City as to any Disposition and Development <br />Agreement and all proceedings and decisions in connection therewith. The <br />City and Developer understand that the property in question is currently <br />owned by the United States Government and that the purpose of this Imerim <br />Agreemem is to assist in negotiations with said Government to have the site <br /> <br />7 <br />