CCP 08-19-2002 - Laserfiche WebLink

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shall provide City with a Certificate of Insurance indicating that Developer . is insured for such risks. F. Comply with other obligations for the AH Redevelopment Area access as may be imposed by the federal government. 6.0 City Costs. Subject to the provisions of Section 6.0.(C), Developer shall reimburse the City for all costs which the City incurs during the term of this Interim Agreement in the discharge of the duties hereby imposed on the City including, but not limited to, engineering, legal, and planning consultants; and administrative time and expenses incurred by the City; and where deemed appropriate by the City Council, travel incurred by City Officials occasioned by attending meetings with third parties at Developer's request (all herein "Reimbursable Expenses"). The City's estimated budget for reimbursable expenses and billing rates is attached as Exhibit C. Changes to estimated budgets shall be approved by the Developer and the City Administrator. A. Restricted Account. Upon execution of this Interim Agreement, Developer shall deposit $100,000 with City which shall be placed in a restricted account and may only be used by City for reimbursable expenses. Prior to making a draw on a restricted account, City shall notify Developer. The notice shall include a documentation of costs incurred. Each time the balance in the restricted account drops below $50,000, Developer shall deposit an additional $50,000. . B. Avoidance of Duplication. City agrees to keep Developer apprised of the type of reimbursable expenses which are being incurred so that each party can attempt to avoid a duplication of services and expenses; provided that, the City, in its sole discretion, may determine which reimbursable costs are necessary for the City to incur in order to satisfy its obligations pursuant to the terms of this Interim Agreement. C. Developer Reimbursement. If this Interim Agreement is terminated by the City pursuant to the provisions of Section 8.0.(B)(1) and (2), and the City, within three (3) years of such termination, selects another non- governmental or private sector entity to plan, evaluate or develop all or a major portion of the AH Redevelopment Area, the City shall reimburse the Developer for the planning consultant costs which had been paid to the City as part of the reimbursable expenses identified in Section 6.0. 7.0 Limitations. This Interim Agreement does not constitute a disposition of property or any waiver of the exercise of control by the City. Execution of this Interim Agreement by the City is merely an agreement to enter into a period of exclusive . 7