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c. Failure to Collect. City shall immediately pay to Developer the Reimbursement Fee for a Contributing Project if, for any reason, City grants an approval to a Contributing Project but voluntarily elects not to collect and pay to Developer the Reimbursement Fee attributable to the Contributing Project. d. City's use of Reimbursement Fees. To the extent that Reimbursement Fees are owed to Developer (or to any other Contributing Project which may have advanced more than its applicable percentage share of Traffic Mitigation Improvements Costs), then the City shall be obligated to pay such Reimbursement Fees owed, subject to the following: (i) Payments collected from each Contributing Project shall first be applied in payment of Actual Traffic Mitigation Improvements Costs then payable in order to maintain LOS "D" at the required intersections as stated above; and (ii) Any remaining funds collected shall be applied in payment of Reimbursement Fees, with such payments to be allocated among Developer and other Contributing Projects owed Reimbursement Fees in proportion to the amount of such Reimbursement Fees owed to Developer and each such Contributing Project. e. This section sets forth several examples of the manner in which Reimbursement Fees would accrue and, ultimately, be paid hereunder. The ~~ ~~ addition of a department store at the Stoneridge Mall (Stoneridge) such as Sears shall trigger the need to widen Canyon Way in the form of the Traffic Mitigation Improvement listed as Item A-1 on Exhibit B. Assuming that the Actual Traffic Mitigation Improvement Costs therefor are $500,000, then Stoneridge would be required to pay to the City $374,750 (i.e., the Actual Traffic Mitigation Improvement Costs less the Existing Funding Sources totalling $125,250). Said payment would generate a Reimbursement Fee to Stoneridge in the amount of $225,284 calculated as follows: (i) 178,000 sq. ft. (Sears store) divided by 558,000 sq. ft. (total project) yields an allocable share (of that Contributing Project's total share) of approximately 32%; (ii) 32% of that Contributing Project's Estimated Required Payment is approximately $154,300 (0.32 x $482,149); and (iii) the difference between $374,750 and $154,300 is $220,450 which constitutes the amount paid in excess of such allocable share. Assume that (1) Developer, as the next Contributing Project, is required to fund an additional Traffic Mitigation Improvement, the actual cost of which is $325,000, and (2) Developer's total Estimated Required Payment is $250,000. If Developer obtained a (AGREEMENTS~SRIDGI CL.SAM) $