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limitation, any agency, board, or commission of the City) to grant any Entitlement or to make any <br /> final decision on any Application, nor shall it prevent City (including, without limitation, any <br /> agency, boazd, or commission of the City) from acting on any Application in any manner other <br /> than that deemed proper by City. <br /> E. The City and Saltworks intend that as a result of this Agreement all costs and <br /> expenses associated with the City's review, evaluation, consideration, and processing of the <br /> Applications, including but not limited to compensation for all City employee staff time and <br /> payment of all third party consultant contracts, shall be paid using funds deposited in advance <br /> with City by Saltworks for such purpose and that City shall not be required to advance City funds <br /> or incur any liability to cover such costs and expenses. <br /> F. Prior to entering into this Agreement, the City incurred expenses for its review, <br /> evaluation, consideration and processing of the Applications and Saltworks has deposited funds <br /> with City to reimburse City for such expenses. As of the date of this Agreement, the paRies <br /> anticipate there will be a balance remaining on deposit after payment of estimated expenses <br /> incurred through Mazch 2011 and invoiced in April 2011, which deposit will be credited to the <br /> Evergreen Deposit described in Section 4.02. <br /> G. This First Amended & Restated Reimbursement and Processing Agreement <br /> Between the City of Redwood City and Redwood City Plant Site LLC dba DMB Redwood City <br /> Saltworks supersedes the Reimbursement Agreement Between the Ciry of Redwood City and <br /> Redwood Ciry Plant Site LLC authorized by the Ciry Council in August, 2009. <br /> AGREEMENT <br /> ARTICLE 1. EFFECTIVE DATE AND TERM <br /> Section 1.01. Effective Date. This Agreement shall become effective upon the later to <br /> occur of City Council approval of this Agreement or the date this Agreement is fully executed by <br /> the Parties (the "Effective Date"). <br /> Section 1.02. Term. The term of the Agreement (the "Term") shall begin on the <br /> Effective Date and shall terrninate upon the earlier of: (a) the date of termination pursuant to <br /> Section 5.04 herein; or (b) the date the City Council takes final action on the Applications or <br /> otherwise concludes its review of the Applications. <br /> ARTICLE 2. RESOLUTION NO. 14609. <br /> ATTY/AGR/2011/AMENDMENTS/FIRST AMENDED AND RESTATED REIMBURSEMENT AGREEMENT <br /> 052311 <br /> 2 <br />