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without EDA assistance, project will not occur <br />legal and financial feasibility <br /> <br />If the EDA approves a request, alt approvals of private development assistance are <br />subject to the execution of a development agreement with the City. The agreement <br />ma)' include, but is not limited to, the following: <br /> <br />- amount of the City's financial commitment; - specification of the <br /> City's commitment <br />- terms of the City's participation (such as liens, deficiency <br /> agreements, etc.) <br />- insurance <br />- financing <br /> conditions of the developer's participation; - events of default <br /> terms for transfer or assignment of agreement; - indemnification <br /> termination of agreement <br /> <br />EDA Financing <br />Page 3 of 7 <br /> <br /> <br />