5.0. 6.0. 7.0. EDSR 07-12-1999 - Laserfiche WebLink

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FROM GRAY PLANT MOOT? MOOT? & BENNETT (#3) (FRI) 7. 9' 99 9:33/ST. 9:28/NO, 4261218754 P 12 • applicable local,state,and federal laws and regulations which must be obtained or mct before the Improvements may be lawfully undertaken, completed and operated. (f) Neither the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement, is prevented or limited by or in conflict with or will result in a breach of the terms, conditions or provisions of the Redeveloper's organizational documents or of any evidence of indebtedness, agreement, or instrument of whatever nature to which the Redeveloper is now a party or by which it or its property is bound or will constitute a default under any of the foregoing. (g) The Redeveloper represents that it would not be able to induce redevelopment of the Redevelopment Property in the reasonably foreseeable future without the assistance to be provided by the Authority and the City under this Agreement. (h) The Redeveloper will, at no cost to Redeveloper, cooperate with the Authority with respect to any litigation commenced with respect to the Development Program, Project, or Minimum Improvements. (i) Whenever any Event of Default occurs and the Authority shall employ attorneys or incur other expenses for the collection of payments due or to become due or for the enforcement of performance or observance of any obligation or agreement on the part of the Redeveloper under this Agreement, and the Authority prevails in such action or effort, the • Redeveloper agrees that it shall, within thirty (30) days of written demand by the Authority pay to the Authority the reasonable fees of such attorneys and such other expenses so incurred by the Authority. ARTICLE III. The Development Property; The Development; Land Acquisition; Reimbursement Section 3.1 The Development Property. (a) The Development Property includes the Business Park Property and the Shopping Center Property. (b) The Business Park Property is owned by Fischer Sand & Aggregate, which acquired the Business Park Property for the proposed Development of the Business Park Project. (c) The Shopping Center Property is the Redevelopment Property. The Redevelopment Property consists of the following parcels, all of which are necessary for Development of the Shopping Center Project: (i) The Hohlen property (P1D No. 75-002-2200), formerly a mobile home park, is currently owned by Associated Investors,which has closed the mobile home park • and is in the process of clearing the property. -8-