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XI. CONFIDENTIALITY AGREEMENT Formatted:Font:Gill Sans MT,14 pt <br /> (Sample Agreement) Formatted Font 11 pt <br /> This agreement is made this day of 20 ,by and between <br /> a companny,hereinafter"Developer,"and <br /> Springsted Incorporated,a Minnesota corporation,hereinafter"Springsted." <br /> WHEREAS,Developer is (description of project),hereinafter the"Project" <br /> pursuant to a (form of agreement)with <br /> (public entity),hereinafter the"City,"dated <br /> and <br /> WHEREAS,Springsted has been hired by the City to investigate certain financial aspects of the <br /> Developer and the Proiect and <br /> WHEREAS,in conjunction with such investigation,Springsted desires to examine the fmancial <br /> information of Developer relative to Developer and the Project,and <br /> WHEREAS,Developer is willing to disclose such information only on the condition that such <br /> information be kept confidential. <br /> NOW,THEREFORE,in consideration of the terms and mutual covenants contained herein,the <br /> parties agree as follows: <br /> 1. Developer agrees to make its fmancial information,development pro forma and <br /> projection,budget information,and such other fmancial information concerning the <br /> Project as Springsted may reasonably request,hereinafter the"Information,"available <br /> for inspection by Springsted,but solely for the purpose set forth above. <br /> 2. Springsted shall accept the Information in strict confidence solely for that purpose <br /> and shall make no other use of the information, or disclose it to any other person or <br /> party, including the City, without the express written consent of Developer. <br /> Notwithstanding the foregoing,Springsted may use the Information in summary form <br /> only to report its findings to the City provided that Springsted first presents its proposed <br /> report to Developer and obtains Developer's written consent to ensure that no <br /> inadvertent disclosures of confidential information or other inaccurate information are <br /> contained in such report. <br /> 3. Inspection of the Information shall take place in such manner and at such place and <br /> time as the parties may agree. The Information shall not be copied, duplicated, <br /> abstracted, summarized or recorded, directly or indirectly, by any means whatsoever, <br /> without the prior consent of Developer. <br /> 4. The Information shall remain the property of Developer, and any Information <br /> provided in tangible form shall be returned to Developer upon completion of such <br /> inspection. Any copies, duplications, abstracts, summaries or other recordings of the <br /> Information made with Developer's consent shall be returned to Developer upon <br /> demand. <br /> 5. Springsted agrees that any breach of the obligation of confidentiality imposed hereby <br /> shall constitute irreparable harm to Developer and shall entitle Developer to equitable <br /> relief enjoining any further breaches of this Agreement,together and in conjunction with <br /> any and all such other remedies as may be available to Developer at law or in equity. <br /> IN WITNESS WHEREOF,the parties have hereunto set their hands the day and year first above <br /> written. <br /> DEVELOPER <br /> By Its <br /> SPRINGSTED INC. <br /> By Its <br /> Formatted:Heading 1 <br /> City of Elk Rives Tax Increment Financing Policy&Application R 0 N E 0 E 0 0 <br /> Amended Febfuafy 2014 INATURIE <br /> Page 21 of 15 <br />