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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />underutilized and for the purpose of promoting economic development and the creation of <br />employment opportunities. <br /> <br /> (f) The City will cooperate with the Developer with respect to any litigation, other <br />than litigation m which the City and the Developer are adverse parties, commenced with respect <br />to the TIF Plan, Program, or Minimum Improvements. <br /> <br /> (g) The Development Property is properly zoned for the developer's intended use and <br />the Minimum Improvements contemplated by. the construction Plans are in conformity with the <br />Program and TIF Plan. <br /> <br /> (h) The City has received no notice or communication from any local, state or federal <br />official that the activities of the Developer or the City in the Development District may be, or <br />will be, in violation of any environmental law or regulation (other than those notices or <br />communications of which the Developer is aware). The City is aware of no facts, the existence <br />of, which would cause it to be in.violation of, or give any person a valid claim, under any local, <br />state or federal environmental law, regulation or review procedure. <br /> <br /> (i) The City will provide the following financial assistance to the Developer of the <br />Development Property. This assistance will be a total of Six hundred seventy-nine thousand Nine <br />hundred twelve dollars and no/100. The financial assistance from the City shall be based upon <br />the fo l~o win g ,%f~. ~!,eS~ <br /> <br />Estimated Market Value.of Development Property <br />Public Improvements <br />Site Improvements (up front) <br />Capitalized fnterest for 2 years @ 9.75% <br />Total <br /> <br />$ 149,000 <br />$ 357,750 <br />$ 100,000 <br />$ 7o,16_ <br /> <br /> <br />