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Dist. Agmt. No. 4-1054-C <br /> <br />proval of the Project Approval_ Report/Final Environmental <br />Document. The MOU is attached hereto as Attachment 'A' and is <br /> <br />made a part of this Agreement. <br /> <br /> (4) Under the provisions of the MOU, CITY is to pay <br /> <br />STATE for all of STATE's project development related costs for <br />the period between approval of the Project Study Report and ap- <br />proval of the Final Environmental Document. <br /> <br /> (5) The parties hereto desire to define herein the <br /> <br />terms and conditions under which the STATE is to be reimbursed <br />for review and coordination costs of project related activities <br />through approval of the Final Environmental Document. <br /> <br />IT IS MUTUALLY AGREED AS FOLLOWS: <br /> <br /> (1) That within 20 days after execution of this Agree- <br />ment CITY will deposit with STATE the sum of $50,000, which fig- <br />ure represents the estimated total cost of review and <br />coordination to be performed by the STATE for the period between <br />approval of the Project Study Report and approval of the Final <br />Environmental Document. <br /> <br /> (2) The STATE may submit supplemental billings to the <br />CITY requesting additional deposits if review and coordination <br />costs are expected to exceed 90 percent of the original deposit. <br /> <br /> (3) The costs to be charged the CITY for STATE's re- <br />view and and coordination will include all direct and indirect <br />costs (functional and administrative overhead assessment) attrib- <br /> <br /> -2- <br /> <br /> <br />