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<br />. <br /> <br />environmental analysis of the TCAAP Site and the preparation of the <br />City's Comprehensive Plan Amendment and Infrastructure Plans. <br /> <br />E. <br /> <br />Cost Reimbursement. The Devcloper shall reimburse the City for all costs <br />which the City incurs during thc 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 planning consultants; and administrative timc and <br />expenses incurred by the City; and where deemed appropriate by the City <br />Council, travel incurred by City Officials occasioned by attending meetings <br />with third parties at Developer's request (all herein "Reimbursable <br />Expenses"). The City's estimated budget for reimbursable expenscs and <br />billing rates is attached as Exhibit C. Changes to estimatcd budgcts shall be <br />approved by thc Developer and the City Administrator. <br /> <br />1. <br /> <br />Restricted Account. Upon exccution of this Interim Agreement, <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 additional $50,000. <br /> <br />. <br /> <br />2. Avoidance of DuvIication. City agrees to keep Developer apprised <br />of the Wneofreimbursable expenses which are being incurred so that <br />each party can attempt to avoid a duplication of services and expenses; <br />provided that, the City, in its sole discretion, may determine which <br />reimbursable costs are necessary for the City to incur in order to satisfY <br />its obligations pursuant to thc terms of this Interim Agreement. <br /> <br />. <br /> <br />F. Limitations. This Interim Agreement does not constitute a disposition of <br />property or any waiver of the exercise of control by the City. Execution of <br />this Interim Agreement by thc City is merely an agreement to enter into a <br />period of exclusive negotiations according to the terms hereof, reserving futal <br />discrction 6f:finaI2.approval by-to the City as to any Disposition and <br />Development Agreement and all proceedings and decisions in connection <br />therewith. The City and Developer understand that the property in question <br />is currently owned by the United States Government and that the purpose of <br />this Interim Agrcement is to assist in negotiations with said Government to <br />have the site conveyed to the City on terms and conditions favorablc to the <br /> <br />7 <br />