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TABLE OF CONTENTS <br /> Page <br /> ARTICLE I DEFINITIONS..................................................................................................................3 <br /> SectionI.I. Definitions........................................................................................................3 <br /> ARTICLE II REPRESENTATIONS AND WARRANTIES..............................................................6 <br /> Section 2.1. Representations by the City.............................................................................6 <br /> Section 2.2. Representations and Warranties by Developer................................................6 <br /> ARTICLE III EXCHANGE OF PROPERTY......................................................................................8 <br /> Section 3.1. Status of the Properties to be Exchanged.........................................................8 <br /> Section3.2. Purchase Price..................................................................................................8 <br /> Section3.3. Closing .............................................................................................................8 <br /> Section 3.4. Conditions of Conveyance of City's Property.................................................8 <br /> Section 3.5. Conditions of Conveyance of New Resources Property.................................9 <br /> Section 3.6. Place of Document Execution, Delivery and Recording.................................9 <br /> Section 3.7. Title to City's Property...................................................................................l l <br /> Section 3.8. Title to New Resources Property...................................................................11 <br /> Section 3.9. "As Is" Conveyance of New Resources Property. ........................................12 <br /> Section 3.10. As Is Conveyance of City's Property. ...........................................................13 <br /> Section 3.11. Representations and Warranties Regarding New Resources Property. ........14 <br /> Section 3.12. Representations and Warranties Regarding City's Property.........................15 <br /> Section 3.13. No Business Subsidy......................................................................................15 <br /> Section 3.14. Tax Increment Financing. ..............................................................................15 <br /> Section 3.15. Relocation Benefits;Indemnification. ...........................................................16 <br /> ARTICLE IV CONSTRUCTION OF MINIMUM IMPROVEMENTS AND PUBLIC <br /> IMPROVEMENTS.................................................................................................................17 <br /> Section 4.1. Construction of Minimum Improvements.....................................................17 <br /> Section 4.2. Construction Plans. ........................................................................................17 <br /> Section 4.3. Commencement and Completion of Construction. .......................................18 <br /> Section 4.4. Certificate of Completion...............................................................................18 <br /> Section 4.5. Construction of Public Improvements...........................................................19 <br /> ARTICLEV INSURANCE................................................................................................................21 <br /> Section5.1. Insurance........................................................................................................21 <br /> ARTICLE VI DELINQUENT TAXES AND REVIEW OF TAXES...............................................22 <br /> Section 6.1. Review of Taxes.............................................................................................22 <br /> ARTICLE VII FINANCING..............................................................................................................23 <br /> Section7.1. Financing........................................................................................................23 <br /> Section7.2. HRA Loan......................................................................................................23 <br /> ARTICLE VIII PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER; <br /> INDEMNIFICATION............................................................................................................24 <br /> Section 8.1. Representation as to Development. ...............................................................24 <br /> Section 8.2. Prohibition Against Transfer of Property and Assignment of <br /> Agreement......................................................................................................24 <br /> Section 8.3. Release and Indemnification Covenants........................................................25 <br /> ARTICLE IX EVENTS OF DEFAULT.............................................................................................27 <br /> 512017v5 JSB BL185-52 i <br />