06 - Laserfiche WebLink

Alameda CTC Agreement No.A23-0049 Project No. 157800 after PROJECTcompletion,reimburse ALAMEDA CTC for ALAMI?D;\CTC Share of the Fair Market Value of any property determined to be"excess property". c. If the PROJECT'begins construction within five(5)years after the effective date of this AGREEMENT (as such deadline may be extended by agreement between the parties hereto), then except as provided in subparagraph(d) below,no reimbursement is due with respect to any property interest acquired for the project using ALAMEDA CTC ADMINISTEiRF.D FUNDS if the entirety of the acquired property is required for the PROJECT. d. If PROJECTSPONSOR anticipates receiving net revenues (i.e.,rental or other income generated by the property,less reasonable costs for insurance,maintenance and related items) from any property acquired using ALAMEDA CTC ADMINISTERED FUNDS, PROJECTSPONSOR shall notify ALAMEDA CTC on how PROJECT SPONSOR will use such revenue to offset other project costs,and document such revenue separately in project reimbursement requests. e. If PROJECTis suspended,PROJF.Cr SPONSOR shall pay all property management costs. f. Property that is required for the PROJECT and acquired wholly or in part with ALAMEDA CTC ADMINISTERED FUNDS shall be available for PROJECTconstruction within ten(10) years of ALAMEDA CTC reimbursement to the PROJECT SPONSOR. If,after ten(10)years, PROJI;cT has not been completed,PROJECTSPONSOR shall reimburse AI.AMF.DA CTC Share of the fair market value of the property,based on the net proceeds from the sale of the property or an appraisal of the property conducted at no cost to ALAMEDA CTC, within one(1)year after the expiration of this ten(10)year period. 16. If condemnation procedures are required to obtain possession to Right-of-Way,ALAMEDA CTC will consider the required deposit as an eligible cost and reimburse the PROJECT SPONSOR upon request. PROJECT SPONSOR shall submit documentation of the final order of condemnation settlement within ninety (90)days after the date of the court recording of the final order of condemnation. If the amount of ALAMEDA CTC reimbursement to the PROJECT SPONSOR is higher than ALAMEDA CTC Share of the amount of settlement in the final order of condemnation,the PROJECT SPONSOR shall pay ALAMEDA CTC the difference between the amount reimbursed and ALAMEDA CTC Share of the amount settled plus ALAMEDA CTC Share of the interest accrued to the deposit account within one(1)year of the final order of condemnation. 17. PROJECT SPONSOR shall not initiate condemnation of any property until full funding for the construction of the PROJECC has been secured. 18. Reimbursement to PROJECT SPONSOR by ALAMEDA CTC for PROJECT Right-of-Way is limited to the following(and net of any relocation payments provided by other sources): - a. The cost to purchase all real property required for the PROJECT free and clear of liens and/or conflicting easements,including the costs for preparation of documents, negotiations and legal services. Page 12 of 16