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Portsmouth will reimburse Norfolk a sum that represents Forty percent (40 %) of the Non - Reimbursable Costs paid by Norfolk. Fair market value shall be determined by an MAI appraiser satisfactory to both parties. The parties agree that the goal is to acquire the minimum amount of property necessary to effectuate the relocation of the water lines, but that based upon existing lot configurations it may not be possible to achieve this goal in all cases. Norfolk shall have sole discretion to determine the acreage and configuration of property to be acquired for each acquisition. Provided however, that in the event that the excess acreage acquired is sufficient to create a developable parcel or parcels of two (2) acres or more (excluding the areas where the water lines are relocated) which could reasonably be anticipated to produce income to Norfolk through subsequent sale or lease, the parties shall meet and confer to determine whether an equitable adjustment to Portsmouth's Forty percent (40 %) contribution for the acquisition of that acreage is appropriate. 6. REIMBURSEMENT TO NORFOLK OF REAL ESTATE TAXES: Portsmouth shall reimburse Norfolk for those real estate taxes paid by Norfolk to the City of Suffolk that are attributable to that portion of Norfolk's property encompassed by Portsmouth's thirty (30) foot easement. Such reimbursement shall be paid by Portsmouth within thirty (30) days of receipt of a copy of the tax bill paid by Norfolk to the City of Suffolk. 7. DESIGN, PERMITTING AND CONSTRUCTION MANAGEMENT: Norfolk currently has an engineering consultant under contract to provide engineering design, permitting and construction administration services for projects of this type and pursuant thereto Norfolk will direct the consultant to design Norfolk's NRWM and Portsmouth's NFWM. The engineering consultant will prepare and submit layout drawings to Norfolk and Portsmouth for the proposed construction of the two (2) water mains. Portsmouth shall have the