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CITY OF ROSEVILLE APPLICATION FOR TAX-EXEMPT MORTGAGE REVENUE FINANCING 1. INTRQ.D.UCTIQtl The City reserves the right to employ legal, accounting, appraisals, financial, engineering, architectural, and other consultants to review the proposed project and its financing. The cost of such consultants, together with the City's administrative expense, shall be paid by the applicant, whether or not the City agrees to finance the a project or whether or not the project is constructed. The applicant, the purchaser of notes, and, if underwriters are involved in the issuance and sale of bonds, shall hold harmless the City, its officers, employees, consultants and agents for any alleged or actual violation of any securities laws, state or federal, in connection with the issuance of bonds or notes for the project. The City may require a bond or appropriate insurance to assure this "hold harmless" provision. Before any City consideration can be given, proposals investigated, or staff and advisor's time expended, a $10,000 cash deposit shall be deposited with the City to be used for administrative and consulting costs, any balance of such deposit will be refunded after all costs are paid. Any additional costs of the City are billable. In consideration of the City's making such tax exempt financing available and to assist the City further in defraying its present and future administrative expenses, the applicant shall, subject to applicable federal arbitrage regulations, pay to the City the sum of $10,000 or 1 % of the amount financed, whichever is greater, which shall be used by the City for any other expenses in connection with the project, or for any other City purpose. To the extent permitted by law, the City will allow the applicant to use this cost as a project cost for financing purposes. The undersigned applicant understands the approval or disapproval by the City of Roseville for bond financing does not expressly or impliedly constitute any approval, variance, or waiver of any provision or requirement relating to any zoning, building, or other rule or ordinance of the City of Roseville, or any other law applicable to the property included in this project.