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• �� <br /> ���� ���y <br /> 08/09/2010 <br /> EXHIBIT A <br /> FORM OF DEPOSITIROMBURSEMENT AGREEMENT <br /> CITY OF REDWOOD CITY <br /> COMMUNITY FACILITIES DISTRICT NO. 2010-1 <br /> (ONE MARINA) <br /> THIS DEPOSIT/REIME3URSEMENT AGREEMENT (the Agreernent") is by and <br /> between the City of Redwood City (the "City") for and on behaf 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 CFI) 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 CFI) and the proposed expenditure of the proceeds <br /> therenf, 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 terms of <br /> . <br /> said deposit and reimbursement. <br /> AGREEMENT: <br /> NOW, THEREFORE, in consideration of the foregoing and the mutual covenants <br /> set forth heFein, and for other consideration the receipt and sufficiency of which is <br /> hereby acknowledged, the parties hereto agree as foltows: <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 ^Depnsit'), 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 Coote''), 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 Qty," The City, by <br /> its execution hereof, acknowledges receipt of the Deposit. The checks representing the <br /> Deposit shall be cashed by the Cib/, 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 /> 3tafOlep^n8-9'|OAu|DxA <br /> #15047 <br /> MUFF #5OO <br />