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8.1 SR 05-17-2021
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8.1 SR 05-17-2021
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TABLE OF CONTENTS <br />Page <br />ARTICLE I DEFINITIONS.................................................................................... _3 <br />Section 1.1. <br />Definitions 3 <br />ARTICLE II REPRESENTATIONS AND WARRANTIES...................................................................................................... <br />Section 2.1. <br />Representations and Warranties of the City.......................................................................... <br />Section 2.2. <br />Representations and Warranties of the Developer ........................................................... <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND City.......................................................................................... <br />Section 3.1. <br />Total Development Costs and Public Costs........................................................................... <br />Section 3.2. <br />TIF Note. <br />Section 3.3. <br />Developer to Pay City's Fees and Expenses.......................................................................... <br />Section 3.4. <br />Construction Plans. <br />Section 3.5. <br />Commencement and Completion of Construction.......................................................... <br />Section 3.6. <br />Insurance <br />Section 3.7 <br />Certificate of Completion <br />Section 3.8. <br />Encumbrance of the Development Property.......................................................................... <br />Section3.9. <br />Business Subsidy Act.................................................................................................................................... <br />Section 3.10. <br />Right to Collect Delinquent Taxes................................................................................................... <br />Section 3.11. <br />Review of Taxes. <br />ARTICLE IV EVENTS OF DEFAULT <br />Section 4.1. <br />Events of Default Defined........................................................................................................................ <br />Section 4.2. <br />Remedies on Default <br />Section 4.3. <br />No Remedy Exclusive................................................................................................................................... <br />Section4.4. <br />No Implied Waiver.......................................................................................................................................... <br />Section 4.5. <br />Indemnification of City and City....................................................................................................... <br />Section 4.6. <br />Reimbursement of Attorneys' Fees................................................................................................ <br />ARTICLE V ADDITIONAL PROVISIONS............................................................................................................................................... <br />Section 5.1. <br />Restrictions on Use.......................................................................................................................................... <br />Section5.2. <br />Reports.......................................................................................................................................................................... <br />Section 5.3. <br />Limitations on Transfer and Assignment.................................................................................. <br />Section 5.4. <br />Conflicts of Interest. <br />Section 5.5. <br />Titles of Articles and Sections............................................................................................................. <br />Section 5.6. <br />Notices and Demands.................................................................................................................................... <br />Section 5.7. <br />No Additional Waiver Implied by One Waiver.................................................................. <br />Section5.8. <br />Counterparts........................................................................................................................................................... <br />Section5.9. <br />Law Governing.................................................................................................................................................... <br />Section5.10. <br />Term; Termination........................................................................................................................................... <br />Section 5.11. <br />Provisions Surviving Rescission, Expiration or Termination .............................. <br />Section 5.12. <br />Superseding Effect ....................... <br />Section5.13. <br />Relationship of Parties.................................................................................................................................. <br />Section 5.14. <br />Venue <br />EL 185-50-718703.v2 <br />
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