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the direction of the management and policies of an entity, whether by ownership of equity
<br />interests, by contract, or otherwise.
<br />Developer Obligations to Review Draft Agreements and Attend Meetings.
<br />(a) During the Negotiation Period, the Parties shall diligently review and
<br />comment on drafts of a DDA prepared by the City Attorney, and if the terms and conditions of
<br />such a DDA are agreed upon among the City staff and the Developer, Developer shall submit the
<br />DDA fully executed by the authorized representative(s) of the Developer to the City Manager for
<br />submission to City Council for review and approval or disapproval. Any future DDA shall
<br />consist of terms and conditions acceptable to the Developer and the City Council of the City, in
<br />their respective sole and absolute discretion.
<br />(b) During the Negotiation Period, the Developer shall also keep City staff
<br />advised on the progress of the Developer in performing its obligations under this Agreement, on
<br />a regular basis or as requested by City Staff including, without limitation, having one or more of
<br />the Developer's employees or consultants who are knowledgeable regarding this Agreement, the
<br />design and planning of the Project and the progress of negotiation of a DDA, such that such
<br />person(s) can meaningfully respond to inquiries from City and regarding the progress of the
<br />design and planning of the Project or the negotiation of a DDA, attend both: (1) weekly
<br />meetings with City staff, as reasonably scheduled by City Staff during the Negotiation Period,
<br />which may be held telephonically (each, a "Weeldy Meeting "), and (2) meetings of the City's,
<br />when reasonably requested to do so by their respective staff.
<br />S. Developer to Pay All Costs and Expenses. All fees or expenses of engineers,
<br />architects, financial consultants, legal, planning or other consultants or contractors, retained by
<br />the Developer for any study, analysis, evaluation, report, schedule, estimate, environmental
<br />review, planning and /or design activities, drawings, specifications or other activity or matter
<br />relating to the Property or the Project or negotiation of a DDA that may be undertaken by the
<br />Developer during the Negotiation Period, pursuant to or in reliance upon this Agreement or in
<br />the Developer's discretion, regarding any matter relating to a DDA, the Property or the Project,
<br />shall be the sole responsibility of and undertaken at the sole cost and expense of the Developer
<br />and no such activity or matter shall be deemed to be undertaken for the benefit of, at the expense
<br />of or in reliance upon the City. The Developer shall also pay all fees, charges and costs, make all
<br />deposits and provide all bonds or other security associated with the submission to and processing
<br />by the City and all applications and other documents and information to be submitted to the City
<br />and by the Developer pursuant to this Agreement or otherwise associated with the Project. The
<br />City shall not be obligated to pay or reimburse any expenses, fees, charges or costs incurred by
<br />the Developer in pursuit of any study, analysis, evaluation, report, schedule, estimate,
<br />environmental review, planning and /or design activities, drawings, specifications or other
<br />activity or matter relating to the Property or the Project or negotiation of a DDA that may be
<br />tuzdertaken by the Developer during the Negotiation Period, whether or not this Agreement is,
<br />eventually, terminated or extended or a DDA is entered into among the Parties, in the future.
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<br />75A-9
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