3.2. EDSR 02-02-1998 - Laserfiche WebLink

Home Browse Search

ARTICLE II • Representations Section 2.1. Representations by the Authority. The Authority makes the following representations as the basis for the undertaking on its part herein contained: .41) (a) The Authority is an economic development authority organized and existing under the Laws of Minnesota. Under the laws of the State, the Authority has the power to enter into this Agreement and to perform its obligations hereunder. (b) The Project is a "redevelopment project" and was created, adopted and approved in accordance with the laws of the State. (c) The Development Property is in a "tax increment financing district", which was created, adopted, certified and approved pursuant to the Tax Increment Act. (d) The Authority will, at no cost to the Authority, cooperate with the Redeveloper with respect to any litigation commenced with respect to the Plan, Project, or Minimum Improvements. (e) The Authority has received no notice or communication from any local, state or federal official that the activities of the Redeveloper or the Authority in the Project Area may be or will be in violation of any environmental law or regulation or any other local, state or federal laws or regulations. The Authority is aware of no facts the existence of which would cause it to be in violation of any local, state or federal environmental law, regulation or review procedure. Section 2.2. Representations by the Redeveloper. The Redeveloper represents that: (a) The Redeveloper consists of Morrell & Morrell, Inc., all of whom have the legal capacity to enter into this Agreement and perform their obligations set forth herein. (b) The Redeveloper will construct the Minimum Improvements in accordance with the terms of this Agreement and all local, state and federal laws and regulations (including, but not limited to, environmental, zoning, building code and public health laws and regulations), except for variances necessary to construct the improvements contemplated in the Construction Plans approved by the Authority. (c) The Redeveloper has received no notice or communication from any local, state or federal official that the activities of the Redeveloper or the Authority in the Project Area may be or will be in violation of any environmental law or regulation. The Redeveloper, to the best of its knowledge, is aware of no facts the existence of which would cause it to be in violation of any local, state or federal environmental law, regulation or review procedure. 6