Agenda - Council - 01/11/2011 - Laserfiche WebLink

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along with hours, hourly rates and personnel charging time for Services. Unless prior execution of the Development Agreement has occurred, in which case, cost of Services shall be incorporated into the Project as defined in the Development Agreement and Section 3 below, Developer will submit reimbursement within thirty (30) days of receipt of such invoices. City shall provide Developer a statement of actual costs incurred to date within two (2) business days of such request. 3. Development Agreement. Upon the City and Developer's execution of the Development Agreement, all invoiced and paid amounts, if any, shall be returned to the Developer, as such amounts are calculated and part of the total estimated assessment for improvements and development fees presently estimated at not -to- exceed $1,801,764, less Trail Fee credit estimated at $12,000 (actual assessment and trail fee credit to be based on final construction bids). 4. Termination of Agreement. This Agreement may be terminated by Developer upon written notice to City. Upon receipt of such written notice, City shall promptly discontinue and notify Consultant to discontinue work on the project. Within seven (7) days of notice of termination, City shall issue a final invoice for work performed to the date of notice of Termination and Developer shall promptly pay such invoices. Upon payment, the parties will have no further obligations to one another with respect to this Agreement or the Project. IN WITNESS WHEREOF, City and Developer have caused this Agreement to be duly executed on their behalf, effective as of the day and year first above written. CITY: DEVELOPER: City of Ramsey Hageman Holdings, LLC By: Its: By: Its: