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Eastcom Corporation Agreement <br />November 20, 2018 <br />Page 4 <br />During the deferral period, interest will accrue for the unpaid amount equal to the rate the City <br />receives on its pooled funds. There is no negative fiscal impact as the deferred amount will be <br />paid to the City with interest. However, it should be noted that the FY18-19 deferred amount may <br />be received in FY19-20. The Parks Residential Acquisition Fee will be deposited into Residential <br />Development District 2 Miscellaneous Receipts account (No. 31213002-57991) and the interest <br />will be deposited into account (No. 31213002-58000). <br />0 <br />Minh Thai <br />Executive Director <br />Planning and Building Agency <br />Exhibit: 1. Agreement <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Kathryn Downs, CPA 66)L <br />ExecutiveDirector <br />Finance and Management Services Agency <br />25E-4 <br />