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Agenda - Council - 11/23/2010
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Agenda - Council - 11/23/2010
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3/24/2025 12:36:00 PM
Creation date
11/18/2010 7:34:58 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
11/23/2010
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ARTICLE VIII <br />Section <br />Section <br />Section <br />Section <br />Section <br />Section <br />ARTICLE IX <br />Section <br />ARTICLE X <br />Section <br />ARTICLE XI <br />Section <br />Section <br />ARTICLE XII <br />ARTICLE XIII <br />Section <br />ARTICLE XIV <br />ARTICLE XV <br />2695614v5 <br />11,1810 <br />Section <br />Section <br />Section 15.1 <br />Section 15.2 <br />Section 15.3 <br />TABLE OF CONTENTS <br />(continued) <br />Page <br />CITY LOAN 11 <br />8.1 City Loan 11 <br />8.2 Termination Right if Spending Plans Not Adopted 11 <br />8.3 City Loan Agreement, City Note, and Guaranty 11 <br />8.4 Fee in Lieu of Interest, Interest and Default Interest 11 <br />8.5 Repayment Terms 12 <br />8.6 Limitations on Disbursements 12 <br />CONTINGENCY FOR RAIL STOP 12 <br />9.1 Contingency for Rail Stop 12 <br />PARKING RAMP IMPROVEMENTS 13 <br />10.1 Parking Ramp Improvements 13 <br />REAL ESTATE TAX PAYMENTS AND ASSESSMENT <br />AGREEMENT 13 <br />11.1 Real Property Taxes 13 <br />11.2 Assessment Agreement 14 <br />RESTRICTIONS ON ASSIGNMENTS AND TRANSFERS AND <br />PRIORITY 14 <br />Section 12.1 Prohibition against Transfer of the Development Property; <br />Assignment of Development Agreement and Assignment of the <br />TIF Note <br />ii <br />14 <br />Section 12.2 Permitted Collateral Assignments <br />Section 12.3 Subordination of Development Agreement to Construction <br />Mortgage and Extension of Time to Cure 15 <br />INDEMNIFICATION OF THE CITY AND THE HRA 15 <br />13.1 Indemnification of the City and the HRA 15 <br />DEVELOPER EVENTS OF DEFAULT 15 <br />14.1 Events of Default Defined 15 <br />14.2 Remedies on Default 17 <br />ADDITIONAL PROVISIONS 17 <br />Conflicts of Interest 17 <br />No Remedy Exclusive 17 <br />No Implied Waiver 18 <br />14 <br />
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