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FROM GRAY PLANT MOOT? MOOT? & BENNETT (#3) (FRI) 7. 9' 99 9:29/ST. 9:28/NO. 4261218754 P 3 <br /> TABLE OF CONTENTS <br /> • <br /> rug <br /> Preamble l <br /> ARTICLE I. Definitions 2 <br /> Section 1.1 Definitions 2 <br /> ARTICLE II. Representations 6 <br /> Section 2.1 Representations by the Authority 6 <br /> Section 2.2 Representations by the Redeveloper 7 <br /> ARTICLE III. The Development Property;The Development; Land Acquisition; <br /> Reimbursement 8 <br /> Section 3.1 The Development Property 8 <br /> Section 3.2 The Development 9 <br /> Section 3.3 Land Acquisition and Costs. 12 <br /> • <br /> Section 3.4 Payment of Reimbursable Redevelopment Costs 13 <br /> Section 3.5 Payment on Note 14 <br /> Section 3.6 Payment of Public Improvement Costs 16 <br /> • Section 3.7 Reserve Requirements 16 <br /> Section 3.8 Limitations 17 <br /> Section 3.9 Priority Items 17 <br /> ARTICLE IV. Construction of Minimum Improvements 18 <br /> Section 4.1 Construction of Minimum Improvements. 18 <br /> Section 4.2 Commencement and Completion of Construction 18 <br /> Section 4.3 Certificate of Completion 18 <br /> Section 4.4 Failure to Complete Minimum Improvements 19 <br /> ARTICLE V. Tax Increment 19 <br /> Section 5.1 Tax Increment 19 <br /> ARTICLE VI. Mortgage Financing 20 <br /> Section 6.1 Mortgage Financing 20 <br /> Section 6.2 Limitation Upon Encumbrance of Property 20 <br /> ARTICLE VII. Prohibitions Against Assignment and Transfer,Indemnification 20 <br /> Section 7.1 Prohibition Against Transfer of Property and Assignment of <br /> Agreement 20 <br /> S Section 7.2 Approvals 21 <br /> Section 7.3 Release and Indemnification Covenants 22 <br />