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(J) <br /> <br />The Developer shall pay to the City all of its legal and administrative expenses that are incurred by the City in associatioo <br />with the project withia 15 days of a written notice by the City indicatiug the legal and administrative expenses that are <br />currently due aud owing in an amount not to exceed $5,000.00. <br /> <br />(k) <br /> <br />tJntil the Maturity Date the Developer shall operate the Minimum Improvements as a manufacturing or warehousing, <br />storage ;uld distribution facility. <br /> <br /> Section 2.2. By the City. The City makes the following representations as the basis for <br />the undertaking on its part herein contained: <br /> <br />(a) <br /> <br />The City is authorized by law to enter into this Agreement and to CmTy out its <br />obligations hereunder. <br /> <br />(b) The City has found that the TIF District is an "economic development tax <br /> increment financing district," pursuant to M.S. {} 469.174. <br /> <br />(c) <br /> <br />The City will, in a timely manner, subject to all notification requirements, review <br />and act upon all submittals and applications of the Developer, and will cooperate <br />with the efforts of the Developer to secure the granting of any permit, license, or <br />other approval required, to allow the construction of the Minimum Improvements; <br />provided, however, that nothing contained in this subparagraph shall be construed <br />to limit in any way the reasonable and legitimate exercise of the City's discretion <br />in considering any submittal or application. <br /> <br />(d) <br /> <br />The activities of the City are undertaken for the purpose of fostering the <br />redevelopment of certain real property which, for a variety of reasons, is presently <br />unutilized and underutilized and for the purpose of promoting economic <br />development and the creation of employment opportunities. <br /> <br />(c) <br /> <br />The City will cooperate with the Developer with respect to any litigation, other <br />than litigation in which the City and the Developer are adverse parties, <br />commenced with respect to the TIF Plan, Program, or Minimum Improvements. <br /> <br />(0 <br /> <br />The Development Property is properly zoned for the developer's intended use and <br />the Minimum hnprovements contemplated by the Construction Plans are in <br />conformity with the Program and TIF Plan. <br /> <br />(g) <br /> <br />'Iht City has received no uoticc or comnmnication fi'om any local, state or federal official that the activities of the <br />Developer or the City in the Development District may be, or will be, in violatiou of any environmental law or regulatioo <br />0~lhcr than those notices or 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, state or federal <br />environmental law, regulation or review procedure. <br /> <br />(h) <br /> <br />The City will provide $115,000.00 of Financial Assistance to the Developer <br />determined as follows: <br /> <br />Value of the Development Property and <br />and the Public Improvements <br />Business Subsidy (the "Financial Assistance") <br />Total Cash Due from Developer at Closing <br /> <br /> $208,761 <br />($1 ~ 5,000) <br /> $93,761 <br /> <br /> <br />