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09/27/11
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09/27/11
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Last modified
7/18/2025 11:05:20 AM
Creation date
9/28/2011 2:23:58 PM
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority
Document Date
09/27/2011
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TABLE OF CONTENTS <br />(continued) <br />Page <br />Section 7.2 Loan Agreement, Note No. 1 and Corporate Guaranty 12 <br />Section 7.3 Fee in Lieu of Interest and Default Interest Rate 12 <br />Section 7.4 Repayment Terms 12 <br />Section 7.5 Prepayments 13 <br />Section 7.6 Submission of Financial Information 13 <br />ARTICLE VIII LOAN NO. 2 13 <br />Section 8.1 Loan No. 2 13 <br />Section 8.2 Loan Agreement, Note No. 2, and Personal Guaranty 13 <br />Section 8.3 Initial Interest Rate, Interest Rate Increase and Default Interest <br />Rate 14 <br />Section 8.4 Repayment Terms 14 <br />Section 8.5 Prepayments 14 <br />Section 8.6 Limitations on Disbursements and Disbursement of Costs of <br />Issuance 14 <br />Section 8.7 Credit Against Interest 15 <br />ARTICLE IX PARKING RAMP IMPROVEMENTS 15 <br />Section 9.1 Parking Ramp Improvements 15 <br />ARTICLE X REAL ESTATE TAX PAYMENTS AND ASSESSMENT <br />AGREEMENT 15 <br />Section 10.1 Real Property Taxes 15 <br />Section 10.2 Assessment Agreement 16 <br />ARTICLE XI RESTRICTIONS ON ASSIGNMENTS AND TRANSFERS, <br />SUBORDINATION AND RENTAL RESTRICTIONS 16 <br />Section 11.1 Prohibition against Transfer of the Development Property; <br />Assignment of Development Agreement and Assignment of the <br />TIF Note 16 <br />Section 11.2 Permitted Collateral Assignments 17 <br />Section 11.3 Subordination of Development Agreement to Project Mortgage <br />and Extension of Time to Cure 17 <br />Section 11.4 Rental Restrictions 17 <br />ARTICLE XII INDEMNIFICATION OF THE CITY AND THE HRA 18 <br />Section 12.1 Indemnification of the City and the HRA 18 <br />ii <br />2695614v12 <br />
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