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• <br />improvements at the time of the requested reduction. The amount of reduction will <br />be determined by the City Engineer. <br />3. <br />REIMBURSEMENT OF COSTS <br />The Developer agrees to establish a noninterest bearing escrow account with the City in an <br />amount established by the City Engineer or his designee for the payment of all costs incurred by the <br />City related to the development and improvement of the site and Developer improvements, <br />including, but not limited to, the following: <br />1. Site Plan Review (Application Processing, Review) $ 2,396.66 <br />2. Administration (Planning, Engineering, Legal, etc.) $1,500.00 <br />• Total Estimated (Budget) Costs for Escrow Account $3,896.66 <br />• <br />If the above escrow amounts are insufficient, the Developer shall make such additional <br />deposits as required by the City. The City shall have a right to reimburse itself from the Escrow. <br />REMEDIES FOR BREACH <br />The City shall give prior notice to the Developer of any default hereunder before proceeding <br />to enforce such financial guarantee or before the City undertakes any work for which the City will <br />be reimbursed through the financial guarantee. If within ten (10) days after such notice to it, the <br />Developer has not notified the City in writing of its intention to cure the default within 10 days <br />thereafter, the City will proceed with the remedy it deems appropriate. <br />At any time after the completion date and any extensions thereof, if any of the work is <br />deemed incomplete, the City may proceed in any one or more of the following ways to enforce the <br />06/03/03 4 RussianBaptistDevelpAgreement <br />