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TABLE OF CONTENTS <br />Page <br />ARTICLE I DEFINITIONS------------------------------------------------------------------------------------------------------------2 <br />Section 1.1. <br />Definitions ................................................. .......--------2 <br />ARTICLE II REPRESENTATIONS AND WARRANTIES..........................................................5 <br />Section 2.1. <br />Representations and Warranties of the City...........................................5 <br />Section 2.2. <br />Representations and Warranties of the Developer.................................5 <br />ARTICLE III UNDERTAKINGS <br />BY DEVELOPER AND CITY................................................7 <br />Section 3.1. <br />Total Development Costs and Public Costs...........................................7 <br />Section3.2. <br />TIF Note.................................................................................................7 <br />Section 3.3. <br />Income and Rent Restrictions................................................................9 <br />Section 3.4. <br />Developer to Pay City's Fees and Expenses........................................10 <br />Section 3.5. <br />Compliance with Environmental Requirements..................................10 <br />Section 3.6. <br />Construction Plans...............................................................................11 <br />Section 3.7. <br />Commencement and Completion of Construction...............................I <br />I <br />Section 3.8. <br />Certificate of Completion....................................................................12 <br />Section 3.9. <br />Additional Responsibilities of the Developer....................................122 <br />Section 3.10. <br />Encumbrance of the Development Property........................................13 <br />Section 3.11. <br />Business Subsidy Act...........................................................................13 <br />Section 3.12. <br />Right to Collect Delinquent Taxes.....................................................133 <br />Section 3.13. <br />Review of Taxes..................................................................................13 <br />Section 3.14. <br />Rental License......................................................................................14 <br />ARTICLE IV EVENTS OF DEFAULT........................................................................................15 <br />Section 4.1. <br />Events of Default Defined...................................................................15 <br />Section 4.2. <br />Remedies on Default............................................................................15 <br />Section 4.3. <br />No Remedy Exclusive..........................................................................16 <br />Section 4.4. <br />No Implied Waiver..............................................................................16 <br />Section 4.5. <br />Indemnification of City........................................................................16 <br />Section 4.6. <br />Reimbursement of Attorneys' Fees.....................................................17 <br />ARTICLE V ADDITIONAL PROVISIONS................................................................................18 <br />Section 5.1. <br />Restrictions on Use..............................................................................18 <br />Section5.2. <br />Reports.................................................................................................18 <br />Section 5.3. <br />Limitations on Transfer and Assignment.............................................18 <br />Section 5.4. <br />Conflicts of Interest..............................................................................20 <br />Section 5.5. <br />Titles of Articles and Sections.............................................................20 <br />Section 5.6. <br />Notices and Demands..........................................................................20 <br />Section 5.7. <br />No Additional Waiver Implied by One Waiver...................................20 <br />Section5.8. <br />Counterparts.........................................................................................21 <br />Section 5.9. <br />Law Governing....................................................................................21 <br />Section 5.10. <br />Term; Termination...............................................................................21 <br />Section 5.11. <br />Provisions Surviving Rescission, Expiration or Termination..............21 <br />Section 5.12. <br />Superseding Effect...............................................................................21 <br />Section 5.13. <br />Relationship of Parties.........................................................................21 <br />1 <br />EL185-70-769416.d7 <br />