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development as described above and to seek all necessary approvals from <br />the City for such use. ROSALES and GONZALES will be subject to all <br />applicable plan check, building or permit fees. <br />ii. Drawdown for any necessary permits to be acquired and fees paid for <br />construction work related to site preparations, building foundation, and <br />rough grading of RELOCATION SITE: up to $500,000 in two equal <br />amounts from each escrow account. <br />iii. Drawdown of remaining escrow balance in two equal amounts from each <br />escrow account upon inspection and approval by CITY of foundation and <br />rough grading. <br />c. Construction of the RELOCATION SITE to be completed within eighteen (18) <br />months from the date of final "plan approval" by planning and building, issuance <br />of a building permit by the CITY, or deed transfer to ROSALES and GONZALES, <br />whichever is later, subject to extension however due to Acts of God. CITY shall <br />coordinate timelines for any outside improvements that may impact construction of <br />the RELOCATION SITE. <br />d. If ROSALES AND GONZALES do not proceed with development of the <br />4535406.1 --N1475.1 <br />RELOCATION SITE in accordance with the timing provisions of this <br />AGREEMENT, they shall remain obligated to demolish and remove all structures <br />existing on the RELOCATION SITE on the effective date of this AGREEMENT, <br />and the CITY shall be entitled to a refund of $130,000 (One Hundred and Thirty <br />Thousand Dollars) from the funds deposited in escrow. <br />