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~ (: (xvi) Detailed cost estimate pertaining to the construction of the improvements as presented in i the Design Development plans and specifications for review and comment only. ~` 1.16 "Disbursement Account" means the account to be established by the Review Committee pursuant to Section 4.5(v). ~ 1.17 "Disbursement Account Funding Request" shall mean a request in a form approved and ~,' prepared by the Review Committee and delivered to the County and the Transit District s~tting forth the a~xount required to be deposited by each such recipient into the Disbursement Account ~^~ (including but not limited to any additional charge or credit as a result of an adjustrnent to a Party's ~ Respective Shaze pursuant to Section 4.5(iv) hereo fl for the purpose of paying approved Project Costs, ~ ~ 1.18~ "Effective Date" shall mean the date of this Agreement. 1.19 "Environmental Standards" shall mean all federal state and local environmental laws and ~ ordinances and all rules and regulations promulgated thereunder, whether currently in effect or enacted or amended from time to time in the fnture inclnding but not limited to RCRA (defined herein), CERCLA (defined herein), the Safe Drinlcing Water Act, the Clean. Air Act, the Clean Water Act, and the Toxic Substances Control Act, and also mcluding but not limited to any guid~lines, levels ~ and standards currently in effect or enacted or amended from time to time in the future by the applicable federal, state or local regulatory authority for addressing any contamination of any sort in soils. ~ 1.20 "Final Construction Plans and Specifications" shall mean all plans and specifications required to complete the Project Improvements pursuant to the terms of tius Agreement, which will have been approved by the Parties in accordance with the provisions of this Agreement and the ~ appropriate City agencies. 1.21 "General Constrnction Bndget" means the line item budget for the work to be performed under the General Construction Contract for a firm, fized price in accordance with the general ~ construction contract awarded by the Parties on the basis of the lowest responsive bid, after publicly solicited invitation for sealed bids. 1.22 "General Construction ContracN' means the contract approved .by the Review Committee as provided in Section 4.5(iii) hereof to be entered into among the Parties and the General Contcactor and providing for the construction of the Public Improvements for a firm, fixed price in accordance with the contract awarded by the Parties on the basis of the lowest responsive bid submiued by a responsible bidder, after publicly solicited invitation for sealed bids. ~ 1.23 "General Contractor" shall mean the firm that enters into the General Construction Contract ~ with the Parties. 1.24 "Ground Lease" means the ground lease of the Property by the County and the Transit District, as fee owners, to the Private Party , as lessee, said ground lease being in the form of Ezhibit C e ~ attached hereto. `-'~ 1.25 "Guaranteed Construction Price" shall mean the maximum price for which the General Contractor has agreed to build the Project Improvements pursuant to the General Construction Contract, as such maximum price may be adjusted from rime to tune upon the approval of the Review ~ Committee as provided in Section 4.5(iv) hereof. The Parties acknowledge and agree that the Guazanteed Construction Price provided for the General Construction Contract will only cover the -~ construction of the Project Improvements, and not demolition and removal of the existing structtues ~{ on the Property or the costs of any environmental remediation that may be done on the Property. Courthouse Square Development Agreement Page - 4 t~"s