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<br />. <br /> <br />. <br /> <br />F. <br /> <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 Developer shall reimburse the City for all costs <br />which the City incurs during the term of this Interim Agreement in the <br />dischargc of the duties hereby imposed on the City including, but not limitcd <br />to, engineering, legal, and planning consultants; and administrative time and <br />expenses incurred by the City; and where dcemed 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 rcimbursable expcnses and <br />billing ratcs is attached as Exhibit C. Changcs to estimated budgets shall be <br />approved by the Developer and thc City Administrator. <br /> <br />1. <br /> <br />Restricted Account. Upon execution 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 restrictcd account, City shall <br />notifY Developer. The notice shall include a documentation of costs <br />incurred. Each time thc balance in the restricted account drops below <br />$50,000, Developer shall deposit an additional $50,000. <br /> <br />2. A voidance of Duulication. City agrees to keep Developer apprised <br />of the type of reimbursable expenses which are being incurred so that <br />each party can attempt to avoid a duplication of scrvices and expenses; <br />providcd that, the City, in its sole discrction, may determine which <br />reimbursable costs are ncccssary for the City to incur in order to satisfY <br />its obligations pursuant to the terms of this Interim Agreement. <br /> <br />Limitations. This Intcrim 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 the City is merely an agreement to enter into a <br />period of exclusive negotiations according to the terms hereof, reserving <br />discretion of final approval to the City as to any Disposition and Development <br />Agrecment 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 Govcrnment and that the purpose of this Interim <br />Agrccment is to assist in negotiations with said Government to have the site <br />conveyed to the City on terms and conditions favorable to the City and for the <br /> <br />7 <br />