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8.1 SR 05-17-2021
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8.1 SR 05-17-2021
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<br />TABLE OF CONTENTS <br /> Page <br />ARTICLE I DEFINITIONS ........................................................................................................ 2 <br />Section 1.1. Definitions .......................................................................................... 2 <br />ARTICLE II REPRESENTATIONS AND WARRANTIES .......................................................... <br />Section 2.1. Representations and Warranties of the City ........................................... <br />Section 2.2. Representations and Warranties of the Developer ................................. <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND City ................................................... <br />Section 3.1. Total Development Costs and Public Costs. .......................................... <br />Section 3.2. TIF Note. .............................................................................................. <br />Section 3.3. Developer to Pay City’s Fees and Expenses. ........................................ . <br /> ............................................................................................................. <br />Section 3.4. Construction Plans. ............................................................................... <br />Section 3.5. Commencement and Completion of Construction. ................................ <br />Section 3.6. Insurance .............................................................................................. <br />Section 3.7 Certificate of Completion <br />Section 3.8. Encumbrance of the Development Property. ......................................... <br />Section 3.9. Business Subsidy Act............................................................................ <br />Section 3.10. Right to Collect Delinquent Taxes ........................................................ <br />Section 3.11. Review of Taxes. .................................................................................. <br /> <br />ARTICLE IV EVENTS OF DEFAULT ........................................................................................ <br />Section 4.1. Events of Default Defined ..................................................................... <br />Section 4.2. Remedies on Default ............................................................................. <br />Section 4.3. No Remedy Exclusive .......................................................................... <br />Section 4.4. No Implied Waiver. .............................................................................. <br />Section 4.5. Indemnification of City and City. .......................................................... <br />Section 4.6. Reimbursement of Attorneys’ Fees. ...................................................... <br />ARTICLE V ADDITIONAL PROVISIONS ................................................................................. <br />Section 5.1. Restrictions on Use ............................................................................... <br />Section 5.2. Reports ................................................................................................. <br />Section 5.3. Limitations on Transfer and Assignment. .............................................. <br />Section 5.4. Conflicts of Interest. ............................................................................. <br />Section 5.5. Titles of Articles and Sections............................................................... <br />Section 5.6. Notices and Demands ........................................................................... <br />Section 5.7. No Additional Waiver Implied by One Waiver. .................................... <br />Section 5.8. Counterparts. ........................................................................................ <br />Section 5.9. Law Governing ..................................................................................... <br />Section 5.10. Term; Termination. ............................................................................... <br />Section 5.11. Provisions Surviving Rescission, Expiration or Termination. ................ <br />Section 5.12. Superseding Effect. ............................................................................... <br />Section 5.13. Relationship of Parties .......................................................................... <br />Section 5.14. Venue ................................................................................................... <br />i <br />EL185-50-718703.v2 <br /> <br />
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