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COOPERATIVE AGREEMENT NO. C -5 -3583 <br />EXHIBIT C <br />FINANCIAL OBLIGATIONS <br />1.0 DEFINITIONS <br />The terms defined in Article 1 of this Agreement are incorporated into and made a part of <br />Exhibit C. <br />2.0 PROJECT FUNDING <br />The AUTHORITY is responsible for securing and administering all federal, state, and local <br />funding for the Project. <br />3.0 PROJECT COSTS <br />The AUTHORITY is responsible for all Project capital costs. The AUTHORITY is not <br />responsible for Betterment costs, <br />4.0 BETTERMENTS <br />4.1 BETTERMENT REQUESTS <br />Betterment requests submitted by the CITY to the AUTHORITY shall be established as <br />separate cooperative agreements or as amendments to existing cooperative agreements under the <br />framework established herein. All Betterments shall be paid for by the CITY. The following steps for <br />a Betterment include: <br />1. The CITY shall submit to the AUTHORITY a Betterment request in writing. Each request <br />shall include a detailed scope of work including identification of any work the CITY intends <br />to self - perform. <br />2. The AUTHORITY shall review the Betterment request and prepare and submit to the CITY <br />a proposal identifying scope clarifications, design costs, construction costs, and <br />administration /management costs. <br />3. The CITY shall review the Betterment proposal. If acceptable, the CITY shall submit written <br />authorization for the AUTHORITY to move forward. If further negotiations are necessary <br />before authorization is provided, the CITY and the AUTHORITY shall negotiate and update <br />the proposal to accurately reflect the negotiated terms and conditions. The AUTHORITY <br />Exhibit C <br />Page 1 <br />25F -38 <br />