3.0.-5.0. EDSR 04-26-1993 - Laserfiche WebLink

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shall have no obligation to return the $100, 000.00 deposit to • Developer if Developer fails to receive a permanent certificate of occupancy for the Minimum Improvements on or before January 1, 1994 or there is any other breach by Developer of the terms of this Agreement and the Agreement is terminated. 3 .4) Reimbursement to Authority for Property and Site Preparation Costs. The Authority shall be reimbursed for the Property conveyed to Developer, the site preparation costs, and related administrative expenses in the amount of $135, 000 . Reimbursement of this amount shall come from the Tax Increment generated by the Tax Increment District as provided in the Tax Increment Plan. 3 .5) Reimbursement to City for City Services. As partial compensation for services provided by the City and Authority to Developer to facilitate development of the Minimum Improvements, and for additional municipal services required by Developer during the term of this Agreement, Developer shall pay to the City, on or before June 1 of each year, commencing June 1, 1993, and continuing to the termination of this Agreement, the sum of $ . ARTICLE IV Construction of Minimum Improvements • 4 . 1) Construction of Minimum Improvements. The Developer agrees that it will construct the Minimum Improvements in accordance with the Plans approved by the City and will at all times prior to the Termination Date operate and maintain, preserve and keep the Minimum Improvements or cause the Minimum Improvements to be maintained, preserved and kept with the appurtenances and every part and parcel thereof, in good repair and condition. 4 .2) Commencement and Completion of Construction. Subject to Unavoidable Delays, the Developer shall commence construction of the Minimum Improvements within ninety (90) days after the execution of this Agreement, or on such other date as the parties shall mutually agree . Subject to Unavoidable Delays, construction of the Minimum Improvements shall be completed and a permanent certificate of occupancy obtained not later than January 1, 1994 . All work with respect to the Minimum Improvements shall be constructed in conformity with the Plans approved by the City. 4 . 3) Completion of Minimum Improvements. The construction of the Minimum Improvements shall be deemed to be completed when such Minimum Improvements are substantially completed. Such Minimum Improvements will be deemed to be substantially completed when the Minimum Improvements are occupied for business and • Developer has received a permanent certificate of occupancy by the City. 7.