The developer will be held financially responsible for any intentional misrepresentations in his budget analysis as required by section 12-2-1 of this title. For the purposes of this title, intentional misrepresentation shall mean the underestimate of such total operating budget by the developer by at least twenty percent (20%). The developer shall pay all operating expenses for any year which exceed his estimates for the year by twenty percent (20%). (Ord. 88-2-3)