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COOPERATIVE AGREEMENT NO. C-6-1516 <br />EXHIBIT C <br />FINANCIAL OBLIGATIONS <br />1.0 DEFINITIONS <br />Capitalized terms used herein shall have the same meaning as set forth in Article 1 of this <br />Agreement. <br />2.0 PROJECT FUNDING <br />Except for Betterments, the AUTHORITY is responsible for securing and administering all <br />federal, state, and local funding for the Project and for all Project costs. <br />3.0 BETTERMENTS <br />3.1 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. CITY shall be responsible for the cost of all Betterments it submits. <br />The following steps for including a Betterment in the Project are: <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 work the CITY intends to <br />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 AUTHORITY's Betterment proposal. If acceptable, the CITY <br />shall submit written authorization for the AUTHORITY to move forward. If further <br />negotiations are necessary before authorization is provided, the CITY and the AUTHORITY <br />shall negotiate and update the proposal to accurately reflect the negotiated terms and <br />conditions. The AUTHORITY reserves the right to decline Betterment requests that <br />materially impact the Project schedule. <br />Exhibit C <br />Page 1 <br />