Agenda - Council - 12/12/2000 - Laserfiche WebLink

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I I I I I I I I I I I I I I I '1 I I I TABLE OF CONTENTS PAGE. ARTICLE I - DEFINITIONS .................................................................. ' .......... 2 Section 1.1. Definitions ........................................................................... 2 ARTICLE II - REPRESENTATIONS AND WARRANTIES ........................................ 4 Section 2.1. Representations and Warranties of the City .................................... 4 Section 2.2. Representations and Warranties of the Developer ' .4 ARTICLE III - Section Section Section Section Section Section Section Section UNDERTAKINGS BY DEVELOPER AND CITY ............................... 6 3.1. Site Improvements ................................................................. 6 3.2. Reimbursement: Tax Increment Revenue Note ' . ..6 3.3. Compliance With Low and Moderate Income Requirements ................ 7 3.4. Wage and Job Goals ................................................................ 7 3.5. Transfer of Project ...................................... i ........................... 7 3.6. Execution of Assessment Agreement ............................................ 8 3.7. Real Property Taxes .............................................................. 8 3.8. Fair Housing Amendments Act of 1988: .... 9 ARTICLE IV EVENTS OF DEFAULT ............................................................. 10 Section 4.1. Events of Default Defined .................................................... 10 Section 4.2. Remedies on Default i0 Section 4.3. No Remedy Exclusive .......................................................... 11 Section 4.4. No Implied Waiver ............................................................ 11 Section 4.5. Agreement to Pay Consultant Fees and Expenses.~ ...... ' .............. :: .... 1 I Section 4.6. Indemnification of City .......................................... ............. 11 ARTICLE V - DEVELOPER'S OPTION TO TERMINATE AGREEMENT ................. 13 Section 5.1 The Developer's Option to Terminate 13 Section 5.2 Action to Terminate ............................................................... 13 Section 5.3 Effect of Termination ............................................................ 13 ARTICLE VI - ADDITIONAL PROVISIONS ....................................................... 14 Section 6.1. Restrictions on Use .............................................................. 14 Section 6.2. Conflicts of Interest ............................................................. 14 Section 6.3. Titles of Articles and Sections .14 Section 6.4. Notices and Demands 14 Section 6.5. Counterparts ...................................................................... 14 Section 6.6. Law Governing .................................................................... 15 Section 6.7. Expiration ........................................ : ................................ 15 Section 6.8. Provisions Surviving Rescission or Expiration ............................... 15 Signatures ............................................................................... ' .............. 16-17 Acknowledgements Exhibits -175-