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<br />r- <br /> <br />O.ZI::S <br />Page 10 <br /> <br />ATTACHMENT 1 <br /> <br />EXHIBIT A <br /> <br />FORM OF DEPOSIT/REIMBURSEMENT AGREEMENT <br /> <br />CITY OF REDWOOD CITY <br />COMMUNITY FACILITIES DISTRICT NO. 2010-1 <br />(ONE MARINA) <br /> <br />THIS DEPOSIT/REIMBURSEMENT AGREEMENT (the "Agreement") is by and <br />between the City of Redwood City (the "City") for and on behalf of the proposed City of <br />Redwood City Community Facilities District No. 2010-1 (One Marina) (the "CFD"), and <br />R.C. Peninsula Park, LLC, a Delaware limited liability company (the "Property Owner"), <br /> <br />RECITALS: <br /> <br />WHEREAS, the Property Owner' has requested that the City consider the <br />creation of the CFD and issuance of bonds for the CFD (the "Bondsll) under Sections <br />53311 et seq. of the California Government Code (the IIAct"); and <br /> <br />WHEREAS, the Property Owner is willing to deposit funds with the City to ensure <br />payment of the costs of the City in forming the CFD and otherwise in connection with <br />the issuance of bonds for the CFD and the proposed expenditure of the proceeds <br />thereof, provided that such funds so advanced are reimbursed to the Property Owner <br />from the proceeds of the Bonds issued by the City for the CFD to the extent provided <br />herein; and <br /> <br />WHEREAS, the City and the Property Owner now desire to specify the terms of <br />said deposit and reimbursement. <br /> <br />AGREEMENT: <br /> <br />NOW, THEREFORE, in consideration of the foregoing and the mutual covenants <br />set forth herein, and for other consideration the receipt and sufficiency of which is <br />hereby acknowledged, the parties hereto agree as follows: <br /> <br />Section 1. The DeDosit: Additional Advances. The Property Owner has <br />provided to the City $110,725 (including amounts previously deposited with the City for <br />payment of appraisal fees) (the "Deposit"), to be used by the City to pay the costs in <br />conducting proceedings for the issuance of bonds for the CFD (as more fully described <br />in Section 2(a) below, the lllnitial Costs"), said amount having been heretofore delivered <br />by the Property Owner to the Director of Finance (the "Finance Director") of the City, by <br />means of a check or checks made payable to the "City of Redwood City.1I The City, by <br />its execution hereof, acknowledges receipt of the Deposit. The checks representing the <br />Deposit shall be cashed by the City, and the Deposit may then be commingled with <br />other funds of the of the City for purposes of investment and safekeeping, but the City <br /> <br />StaftReport 8-9-10 Att 1 ExA <br />