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<br />(g) <br /> <br />If Flatirons submits a request for reimbursement of Construction Costs <br /> <br />in accordance with subsection (f) and if City through District does not reimburse <br /> <br />Flatirons for those Construction Costs within 30 days of submission of that request, <br /> <br />City through District shall pay interest on any outstanding unreimbursed amount at <br /> <br />a rate of 6% per annum. <br /> <br />(h) <br /> <br />If Flatirons does not submit plans for the construction of the Flatirons <br /> <br />Facilities to City's Engineering Division for plan check on or before 420 days after the <br /> <br />Effective Date, or if Flatirons does not substantially complete the Flatirons Facilities <br /> <br />by the Facilities Completion Date, City through District may: <br /> <br />(i) <br /> <br />Remove the Flatirons Facilities from District's Priority Project <br /> <br />List; <br /> <br /> <br />(ii) <br /> <br />Release and use for any lawful District purpose any funds <br /> <br />reserved for the reimbursement of Flatirons; and <br /> <br />(iii ) <br /> <br />Cease to reimburse Flatirons for the costs incurred by Flatirons <br /> <br />in constructing the Flatirons Facilities. <br /> <br />(i) <br /> <br />As used in this Section 8, "reserve" means to hold funds in trust for <br /> <br />the reimbursement of Flatirons as provided in this Agreement segregated from all <br /> <br />other funds of District. City, City through District, or their designee is authorized to <br /> <br />invest such funds in any bank or savings and loan account, overnight repurchase <br /> <br />agreements, U. S. Treasury Bonds, or any other medium of investment which is <br /> <br />available to City under California law for the investment of City funds held for <br /> <br />specific purposes. Except to reimburse Flatirons or pay interest as required by <br /> <br />subsections (e), (f), and (g), neither City nor City through District shall use those <br /> <br />-18- <br /> <br />DV AGR0'3.DOC <br />August 26, 1996 <br />