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and approval In addition, Property Owner shall pay to City an amount equal to twenty five percent (25%) of the total costs of the Consultant's services for Property Owner's Project, exclusive of environmental review as set forth in subsection B, below, for City's employees' administration and review of the Consultant's services related to Property Owner's Project The Entitlements Deposit will be applied towards the total cost of the Consultant's services Property Owner shall thereafter make payments to City for the balance of City's costs for the Consultant's services within ten (10) days of the date City submits written invoices to Property Owner If the Entitlements Deposit is exceeded, additional funds will be requested by City, if the deposit is not entirely spent, any remaining funds will be returned to Property Owner Property Owner's Entitlement Deposits shall not be applied to, nor shall Property Owner be required to pay, any City Development Services Department permit processing fees associated with Property Owner's Projects submitted to City for processing pursuant to this Agreement B Within ten (10) days of the date of written request of City and subject to Property Owner's prior written approval of any estimate, Property Owner shall deposit the sum requested in writing (the "Environmental Deposit") with City to engage the Consultant to commence work on the Environmental Documents for Property Owner's Projects The cost of the Environmental Documents will be estimated after Property Owner files completed applications for the Project and provided to Property Owner for its review and approval The Environmental Deposit will be applied towards the total cost of the Environmental Documents In accordance with City's fee resolution, City will assess an additional ten percent (10%) of the total cost of the Consultant's environmental services to compensate City foi its admmistration and review of the Consultant's environmental work product related to the processing of Property Owner's Project Property Owner shall thereafter make payments to City for the balance of City's costs for preparation of the Environmental Documents within ten (10) days of the date City submits written invoices to the Property Owner When the Environmental Deposit is reduced to approximately twenty five percent (25%) of the amount initially deposited, additional funds will be requested from Property Owner by City, if the deposit is not entirely spent, any remaining funds will be returned to Property Owner Property Owner's deposits shall not be applied to, nor shall Property Owner be required to pay, any City Development Services Department environmental processing fees associated with Property Owner's Projects submitted to City pursuant to this Agreement Section 2 Com ensation of Consultant The Consultant services for Property Owner's Projects shall be compensated in accordance with the agreement that is attached hereto as Exhibit "A" and incorporated herein by this reference Reimbursable expenses of the Consultant, if any, shall be billed by City to Property Owner at the Consultant's actual cost Section 3 Term The term of this Agreement shall commence on the Effective date of this Agreement and terminate on January 14, 2020 Section 4 Termination This Agreement may be terminated by either Party, in its sole discretion, by providing not less than five (5) days prior written notice to the other 2 L 1caNdjm\Agreements\ESR1 Fundmg Agreement.doc