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20. Responsibility for Costs. Developer shall reimburse <br />all costs incurred by City relating to the preparation of this <br />Agreement, and all reasonable costs and expenses incurred by City <br />in evaluating the feasibility of this project, including, but not <br />limited to, attorneys' fees, engineering costs, appraisals, <br />financial consultants, and City staff time and planning costs. <br />It is further understood that staff time shall have a maximum <br />amount payable of One Thousand and No /100 Dollars ($1,000.00) <br />prior to execution of a Development Agreement at which time full <br />administrative reimbursements as well as the costs of <br />establishing Development District 3 -1 shall be recovered. <br />Furthermore, there shall be no charge for planning costs for time <br />expended during scheduled Little Canada office hours. <br />Simultaneous with the execution of this Preliminary Development <br />Agreement, Developer agrees to deposit the sum of Seventy -five <br />Hundred and No /100 Dollars ($7,500.00) with City as a deposit <br />towards costs incurred. The funds deposited with City shall be <br />applied towards the payment of costs incurred by City as set <br />forth above. In the event that the balance of funds on deposit <br />with City totals less than One Thousand and No /100 Dollars <br />($1,000.00), Developer shall deposit additional funds as <br />necessary to increase the balance to Seventy -five Hundred and <br />No /100 Dollars ($7,500.00) within ten (10) days of notice by <br />City. To the extent that the funds deposited are insufficient to <br />satisfy the costs incurred by City, any additional costs shall be <br />Page 51 <br />