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c ' r a with City by Developer for such purpose and that City shall not be required to advance City funds or incur any Iiability to cover such costs and expenses_ F. The Parties a�ree that all costs and expenses incurred and to be incurred by Developer relating to the Project are incuned and shall be borne solely by Developer, regardless af l�ow City, in its sole discretion, acts upon the Project or processes future appIicarions related to the Project. AGREEMENT ARTICLE 1. INCORPQRATiON QF RECITALS Section I.Q1. All of the recitals set forth above are true and conect and are hereby incarporated in this A�reement as if fully set forth herein. ARTICLE 2. EFFECTIVE DATE AND TERM Section 2.Q1. Effective Date. This A�reement shall become effective upon the date this Ao eement is ful]y executed by the Parties (the "Effective Date"). City acknowied�es that Developer deposited an initial sum of Ten Thousand Dollars (SI0,000)] to cover City costs, which shall be credited against the amounts due under this Agreement. Subject to the credit set forth in the precedinQ sentence_ Deveioper agrees to reimburse City for its costs incurred in connection with the Project commencin�on June 8, 2015. SecCioa 2.02, Term. The term of the Ab eement (the "Term") shal] begin on the Effective Date and shall terminate upon the eartier of: (a) the date of termination pursuant to Section 5.03 herein; or(1�)the compietion of the ['roject. ARTICLE 3. RESOLUTION NO. 14609 Section 3.Q1. In GeneraI. DeveEoper acknowledges and agrees that the cost recovery principles articulated in ResoIu�ion N�. 14609 PIanning Cost Recovery PoIicy aovern City's consideration of the Project. Developer further acknowled�es and agrees that the re�iew, evaivation, consideration, and pracessin� of the Proposal and all related and supporting materiai, documentation, and data will not occur if Developer does not fund such work in advance, and that City may immediatedy suspend such wark until adequate funds to rneet processing costs are deposited with City, or City may terminate this Agreement pursuant to SectiQn 5.03. In the event of any inconsistency between the reimbursement policy af Resolution No. t4609 and this Ag-reement, the provisians of this Aareement shall control. ARTICLE 4. SELECTION 4F CONSULTANTS AND FUNDING OF CITY COSTS Section 4.01. Consultants. (a) Upon enterina into this Agreernent, City wiIl provide Developer with information regarding the consultants, sub-consultants, and,�or specia] legai counsel to be Page 2 of 8 REV:09-25-15 VR A7T1'/AGR.20'f 5.222/Oracle d.Tech Reimbursement Agreement