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1 <br /> a warning within one week of the required filing date If within 14 days of <br /> the post marked date of the warning the reports are not made, the <br /> Developer agrees to pay to the City a penalty of$100 for each subsequent <br /> day until the report is filed up to a maximum of$1,000 <br /> (iv) The Developer agrees to continue operations consisting of the Minimum <br /> Improvements on the Development Property for at least five (5) years after <br /> the Benefit Date With the exception of financing provided by SBA or the <br /> Department of Employment and Economic Development (DEED), there <br /> are no other state or local government agencies providing financial <br /> assistance for the Project other than the City <br /> (v) There is no parent corporation or other entity of the Developer <br /> (1) The Developer shall pay to the City all of its legal and administrative expenses <br /> that are incurred by the City in association with the project within 15 days of a <br /> written notice by the City indicating the legal and administrative expenses that are <br /> currently due and owing in an amount not to exceed $5,000 00 <br /> (k) Until the Maturity Date the Developer shall operate the Minimum Improvements <br /> as a manufacturing or warehousing, storage and distribution facility <br /> Section 2 2 By the CityThe City makes the following representations as the basis foi <br /> the undertaking on its part herein contained <br /> (a) The City is authorized by law to enter into this Agreement and to carry out its <br /> obligations hereunder <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 /> (c) 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 /> (d) 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 /> (e) 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, Prograin, or Minimum Improvements <br /> 7 <br />