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C. Will the request lead to the develol~ent of ~ertain <br /> public iwprov~ents which will, in turn, attract <br /> additional future private develol~ent? <br /> <br />D. Will the request encourage/assist future develotzcent <br /> in the area? <br /> <br />E. Will the request increa_~e the tax base of the City? <br /> <br />Section 4. Once Staff and the Commissions have reviewed the <br />request, their co~ents and recowmendations are forwarded to the <br />City Council for their consideration. In addition to these <br />c~Twents, the Council will consider the following watters: <br /> <br />A. Will the request benefit the City as a whole? <br /> <br />B. Will the request encourage other private develof~cent <br /> of the area? <br /> <br />C. Does the Council feel that this request will not occur <br /> without lcunicipal financial assistance? <br /> <br />Section 5. If the Council approves a request for financial <br />assistance, all approvals will be contingent upon the developer <br />entering into a development agreement with the City. This <br />agreewent shall be drafted by the City's bond counsel and will. <br />specify, but is not limited to, the following: <br /> <br />A. ~l~e City's financial co~wit~ent; <br /> <br />B. Gonditions of the City's participation; <br /> <br />C. Insurance; <br /> <br />D. Oonditions of the developer's participation; <br /> <br />E. Events of default; <br /> <br />F. Terms for transfer or assignment of agreement; <br /> <br />G. Indemnification; and <br /> <br />H. Termination of agreement. <br /> <br /> <br />