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08/09/2010 <br />EXHIBIT A <br />FORM OF DEPOSIT /REIMBURSEMENT AGREEMENT <br />CITY OF REDWOOD CITY <br />COMMUNITY FACILITIES DISTRICT NO. 2010.1 <br />(ONE MARINA) <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 />RECITALS: <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 "Bonds ") under Sections <br />53311 et seq. of the California Government Code (the "Act "); and <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 />WHEREAS, the City and the Property Owner now desire to specify the terms of <br />said deposit and reimbursement. <br />AGREEMENT: <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 />Section 1. The Deposit; 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 "Initial 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." 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 />StaffReport 8 -9 -10 AttIExA <br />#15047 <br />MUFF # 506 <br />