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<br />and B of this Article. <br /> <br />[The City shall receive a credit towards <br /> <br />the City's share of the capital costs of the Regional facilities <br /> <br />equal to its standard City fees for construction plan review and <br /> <br />construction inspection undertaken by the City. <br /> <br />This amount will <br /> <br />be a credit to the City's required reimbursement to Developer as <br /> <br />set out under Art. III, Sec. F.]" <br /> <br />Pages 9-11. <br /> <br />Deletion of all of Sections E and F of Article III. <br /> <br />"[E. <br /> <br />(1) <br /> <br />Developer agrees to finance one-half of the City's <br /> <br />pro rata share of the year 1990 Regional facilities as set out <br /> <br />and specifically delineated in the Service Plan in an amount not <br /> <br />to exceed Five Hundred Thousand Dollars ($500,000.00) <br /> <br />for water <br /> <br />and wastewater improvements in addi tion to ini tially financing <br /> <br />the <br /> <br />District's <br /> <br />share <br /> <br />of <br /> <br />the <br /> <br />Regional <br /> <br />facilities; <br /> <br />provided, <br /> <br />however that in consideration of the payment of such amount, the <br /> <br />Clty <br /> <br />shall <br /> <br />use <br /> <br />this <br /> <br />amount <br /> <br />only <br /> <br />to <br /> <br />provide <br /> <br />the <br /> <br />Regional <br /> <br />facilities as specified in the Service Plan. <br /> <br />Developer shall pay <br /> <br />for the City's pro rata share prior to the date of approval of <br /> <br />the first construction contract for the 1990 Regional facilities <br /> <br />as presented in the Service Plan, but in any case no later than <br /> <br />thirty (30) days after the election for the confirmation of the <br /> <br />District. <br /> <br />Said payment shall be in the form of ei ther <br /> <br />(i) <br /> <br />an <br /> <br />irrevocable letter of credit which may be drawn upon periodically <br /> <br />as construction of Regional facilities progresses and in a form <br /> <br />acceptable to the City Attorney or (ii) in cash. <br /> <br />The City shall <br /> <br />be responsible for financing all other costs of <br /> <br />its pro rata <br /> <br />share of the 1990 improvements as described in the Service Plan. <br /> <br />5H:63600.47/49 <br /> <br />-3- <br />