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Section <br />undertakings: <br /> <br />(a) <br /> <br />(b) <br /> <br />(c) <br /> <br />(d) <br /> <br />(c) <br /> <br />(f) <br /> <br />(g) <br /> <br />(h) <br /> <br />2.1. <br /> <br /> ARTICLE II <br /> <br /> REPRESENTATION AND UNDERTAKINGS <br /> <br />By the Developer. The Developer makes the following representations and <br /> <br />The Developer has the legal authority and power to enter into this Agreement and is duly <br />organized and existing general partnership under the laws of the State of Minnesota. <br /> <br />The Developer will construct the Minimum Improvements in accordance with the temps <br />of this Agreement, the Program, the TIF Plan, and all local, state and federal laxvs and <br />regulations. <br /> <br />Upon completion of the Minimum Improvements, the Developer shall operate and <br />maintain, or cause to be operated and maintained, the Minimum Improvements until the <br />Maturity Date. <br /> <br />That Minimum Improvements will be permitted uses under City ordinance, and will be <br />constructed in conformity with the Program and TIF Plan, and will be constructed by the <br />Developer together with land at a minimum market value of at least One Million Four <br />Hundred Thousand ($1,400,000). <br /> <br />The Developer 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 may <br />be, or will be, in violation of any environmental law or regulation (other than those <br />notices or communications of which the City is aware). The Developer is aware of no <br />facts, the existence of, which would cause it to be in violation of or give any person a <br />valid claim under any local, state or federal environmental law, regulation or review <br />procedure. <br /> <br />Subject to Unavoidable Delays, the Developer will obtain, in a timely manner, all <br />required permits, licenses and approvals, and will meet, in a timely manner, all <br />requirements of all applicable local, state and federal laws and regulations which must be <br />obtained or met before the Minimum Improvements may be lawfully constructed. <br /> <br />Neither the execution and delivery of this Agreement, the consummation of the <br />transactions contemplated hereby, nor the fulfillment of, or compliance with, the terms <br />and conditions of this Agreement, is prevented, limited by, or conflicts with, or results in <br />a breach of the terms, conditions, or provisions of any partnership restriction or any <br />evidences of indebtedness, agreement or instrument of whatever nature to which the <br />Developer is now a party or by which the Developer is bound, or constitutes a default <br />under any of the foregoing. <br /> <br />The Developer will cooperate with the City with respect to any litigation, other than <br />litigation in which the City and the Developer are adverse parties, commenced with <br />respect to the TIF Plan, the Program, or Minimum Improvements. <br /> <br />(i) <br /> <br />Business Subsidies Act. <br /> <br />(i) <br /> <br />In order to satisfy the provisions of Minnesota Statutes, Sections 116J.993 to <br />116J.995 (the Business Subsidies Act), the Developer acknowledges and agrees <br />that the amount of the Business Subsidy granted by the City to the Developer <br />under this Agreement is One Hundred Seventy-five Thousand and 00/100's <br /> <br /> <br />