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RecDoc 2013-166544 Conf
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RecDoc 2013-166544 Conf
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Last modified
12/10/2013 1:08:43 PM
Creation date
12/10/2013 1:05:20 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
DDA The Board of Trustees of Stanford University
Doc Num
2013-166544
Rec Date
12/10/2013
APN
054-141-220, 230, 180,; 054-1510-140, 150,160 more
Parties
The Board of Trustees
Ord Ref
2400
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itemized invoices for such services promptly upon receipt of the invoice from the Consultant, <br /> provided City shall not be required to disclose any information on its attorneys' invoices that <br /> may be subject to attorney-client or work-product privilege. Developer shall pay to City, within <br /> thirty (30) days following City's written demand therefor, the full amount of all Consultant <br /> Fees; provided, however, Developer shall have the right to dispute in writing any charges which <br /> it believes, in its reasonable business judgment, are incorrect, unreasonable or outside the scope <br /> of the approved Consultant Contract, within (10) business days of City's provision of the <br /> itemized invoice. Failure to submit a written dispute within such ten (10) business day period <br /> shall be deemed Developer's agreement to the accuracy and reasonableness of such charges. If <br /> Developer timely disputes a charge, City shall require Consultant to provide a good faith, <br /> written explanation. If, after consultation with Developer, City finds the cost or fee is incorrect, <br /> unreasonable or outside the terms of the approved Consultant Contract, City shall require that <br /> Consultant reduce its charges accordingly. If City finds the cost or fee is correct, reasonable <br /> and within the scope of the approved Consultant Contract, then Developer shall pay to City the <br /> full amount of such Consultant Fees within thirty (30) days following such determination, <br /> subject to Developer's ability to challenge such cost or fee as a violation of this Agreement <br /> pursuant to the Default and dispute resolution provisions in Sections 5.2.4, 5.3 and 5.4. Any <br /> reduction shall be credited against Developer's next invoice or promptly refunded in the event <br /> the dispute relates to a final invoice. If the Developer makes a timely objection to a final <br /> invoice, payment shall be withheld for up to thirty (30) days to permit City to determine, in light <br /> of Developer's objections, whether the charges will be rejected. The Consultant Fees shall be in <br /> addition to, and not in lieu of, the Processing Fees; provided, however, City agrees not to double <br /> charge Developer (through the imposition of both a Processing Fee and a Consultant Fee) for <br /> any individual service. <br /> 2.2.4 Other A�ncy Fees. Nothing in this Agreement shall preclude City from <br /> collecting fees from Developer that are lawfully imposed on the Project by another agency <br /> having jurisdiction over the Project, which the City is required to collect pursuant to Applicable <br /> Law ("Other Agency Fees"). <br /> 2.2.5 Connection Fees. Subject to Developer's right to protest and/or pursue a <br /> challenge in law ar equity to any new or increased Connection Fee, City may charge and <br /> Developer shall pay any Connection Fee that is lawfully adopted. <br /> 2.2.6 Pre�avment of Fees. Developer may elect to prepay all or any portion of the <br /> Impact Fees applicable to the Project at the rate in effect at the time of payment, provided that <br /> Developer may not seek and shall not be eligible for reimbursement of any Impact Fee so paid in <br /> the event that Developer does not proceed with the applicable portions of the Project. <br /> 2.2.7 Right to Challenge Fees. Developer reserves the right to protest or pursue a <br /> challenge in law or equity to any new or increased fee. In the event Developer desires to <br /> challenge such new or increased fee, Developer shall pay the fee under protest. The City agrees <br /> not to delay issuance of permits, approvals or entitlements pending resolution of such protest or <br /> challenge to the fee. <br /> 2.3 Timin,g of Development. Developer shall have no obligation to develop the Project or <br /> any component of the Project. The Project may be built in phases in response to market <br /> 15 <br /> ATTY/AGR/2013.134/STANFORD DEVELOPMENT AGREEMENT <br /> REV: 08-14-13 PT <br />
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