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, ORIGINAL r APPROVEO AS T� ORM LEGAt�DEP'C. REIMSURSEI'tEl\'T AGREEI�tENT BET�'V'EEN THE CITY OF REDWOOD CITY AND THE ORACLE CORPORATIO:� TIIIS REIn�IBURSEMENT AGREEA'IENT ("Agree�nt") is dated for informationaI purposes only as of the � day of . 201.� by and between the CITY 4F REDV4'OOD CI?Y, a charter crty and Galifornia municipal corporation ("City"). and the Oracle �orp�ration ("Developer"), (referred to herein individually as "Party," or eollectiveIy, the "FarCieS'"). RECITALS �� By Resolution No. 14609, adopted in Sept�mber ?004, City established a Cost Recoven� Policy for major plannin� applications that requires an applicant for plannin� approvals to pay tlie costs of processin� the application. Reimburseinent includes amon� otller thin�s the cost for City �taff, consultants. inciudin� environmental cansultants, and special legal counsel. Developer has filed an Application with the City «rhich would be governed by Resolution ]Y6Q9; therefore consistent �zith the intent and frarne��;ork of Resalution No. 14609, the Parties agc-ee to enter into ihis r�grec;ment requiring Developer to reimburse City for City r�so�.�rces expended durin� irs ev�luation of Developer's proposed deveiopment of the Proj�et (defined below). B. D�veloper has proposed constniction of a new� �64,000 sq. ft. two-stt�ry buildin� for the De�ign ?ech High School at the Oracle Redwood Shores Campus loeated at 27� C)racle Parkway, a vacant lat across the street from 350 Oracle Parkway, (the"Project'). C. The Parties desire to enter into this Agreement to implement the reimbursement policy of Resolution No. 14609 and speci�cally to cover the costs incurred commencing as af June 8, 2015 and to be incurred by City in connecnon ��ith the processing of the Project application. Developer understands that its fundin` of such costs is at its sole risk and that nothin` in this Agreement is or shall be construed to control or limit the City's exercise of discretion with respect to any aspect of evaluating the Project, nor shall it be coiistrued as makinR any commitment re�ardin�the drantinQ of any entitlements for development. Dev�loper further ackn�wrled�es and understands and acc�pts the risk that the City may elect to discontinue this process comp]etely at any point whatsoever. D. Devetoper acknowledaes and understands that Developer shall b�reyuired to fi.md City's costs associated with obtainin� any land use approvals or entitlements in furth�rance of development of the Project. The parties understand that the intent is to provide that City shail r�cover all costs associated with tI1e revie��, evaluation, and processina of the Project. E. The Parties intend that as a result of this Agrzement, by implen�entin� the reimbursement policy, all costs and expenses associated «�itl� City's revie«�, e��aluation, consideration, and processintr of the Project applications and inspection of the Project, includina but not limited to comp�nsation for all City employee staff time and pa}rment of all third party consultarit contracts includin� legal consultants. shall be paid usin�? funds deposited in advance Page 1 of fi REV:09-Z5-15 VR ATTYlAGR2015.22210racle d.Tech Reimbursement Agreement