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(f) <br />(g) <br />The Development Property is properly zoned for the developer's intended use and <br />the Minimum Improvements contemplated by the Construction Plans are in <br />conformity with the Program and TIF Plan <br />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 <br />may be, or will be, in violation of any environmental law or regulation. (other than <br />those notices or communications of which the Developer is aware) The City is <br />aware of no facts, the existence of, which would cause it to be in violation of, or <br />give any person a valid claim, under any local, state or federal environmental law, <br />regulation or review procedure. <br />(h) The City will provide $50,651 00 of Financial Assistance to the Developer <br />determined as follows <br />Value of the Public Improvements $45,942 <br />Capitalized Interest 4,709 <br />Total Financial Assistance ( the `Business Subsidy") $50,651 <br />Section 2.3 Obligations on Closing Date At the closing, the City shall execute, where <br />appropriate, and deliver to Developer <br />(1) The Assessment Agreement <br />(2) The Agreement to Pay Deficiencies <br />At the closing, Developer shall execute, where appropnate, and/or deliver to the City <br />(1) The Development Permit <br />(2) The Assessment Agreement <br />(3) The Agreement to Pay Deficiencies <br />8 <br />