• Entitlements The Offeror shall be responsible for all aspects of the Project including pre-development planning, environmental review, design, and financing. The selected Offeror shall be responsible, at its sole expense, for obtaining all land use and building permits and other government approvals required for its proposed Project. During the Negotiation Period, the selected Offeror shall prepare and process an initial study and undertake all other actions required for City approval of the Project, at Offeror’s cost. In addition to the initial study, Offeror may, during the Negotiation Period, without any guaranty of approval therefore, seek City approval of any zoning changes. The project will be expected to begin its construction phase within 6 months of sale, or as otherwise noted within the contract of property sale. Should the project not begin within the allotted 6 months, or otherwise agreed upon schedule, the City shall have full authority to purchase the property back at the initial sale price. • Predevelopment Costs The selected Offeror shall bear all predevelopment costs relating to this Project. All fees and/or expenses of engineers, architects, financial consultants, attorneys, planning or other consultants or contractors retained by Offeror for any study, analysis, evaluation, report, schedule, estimate, environmental review, surveys, planning and/or design activities, drawings, specifications or other activity or matter relating to the Project shall be the sole responsibility of and undertaken at the sole cost and expense of Offeror and no such activity or matter shall be deemed to be undertaken for the benefit of, at the expense of, or in reliance upon the City. • Construction The selected Offeror shall be responsible for demolition, construction and commissioning of the Project including obtaining all permits, fees, and approvals necessary for construction of the Project
