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<br />In the event the Developer proposes an acceptable <br />design for a financially fea$ible project and the <br />City fails to approve the project for other reasons, <br />then and in that event the City shall reimburse the <br />Developer for his out-ot-pocket cost associated <br />with his design, architectural cost, legal and <br />other fees directly related to the project. <br />12. It is understood that the Developer may not assign <br />his interest in this agreement to any other party <br />without the prior approval of the City. <br />13. This agreement may be terminated immediately upon <br />the failure of the Developer to meet any of the <br />dates contained herein, failure of the City to <br />provide any necessary approvals or after days <br />from the signing of this agreement. <br />IN WITNESS WHEREOF, the parties have caused this <br />agreement to be executed the day and year first above written. <br /> <br />Approved as to Form: <br /> <br />CITY OF NEW BRIGHTON <br /> <br />City Attorney <br /> <br />Mayor <br /> <br />Developer <br /> <br />-8- <br />