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Agenda - Economic Development Authority - 07/13/2017
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Agenda - Economic Development Authority - 07/13/2017
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Last modified
3/17/2025 2:14:45 PM
Creation date
7/11/2017 8:32:52 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
07/13/2017
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ARTICLE I <br />Section 1 <br />Table of Contents <br />Page <br />DEFINITIONS 2 <br />.1. Definitions 2 <br />ARTICLE II <br />Section 2. <br />Section 2. <br />ARTICLE III <br />Section 3. <br />Section 3. <br />Section 3. <br />Section 3. <br />Section 3. <br />ARTICLE IV <br />Section 4. <br />Section 4. <br />Section 4. <br />Section 4 <br />Section 4. <br />Section 4. <br />ARTICLE V <br />Section 5. <br />Section 5. <br />Section 5. <br />ARTICLE VI <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6. <br />Section 6 <br />EXHIBIT A <br />EXHIBIT B <br />REPRESENTATIONS AND WARRANTIES 3 <br />1. Representations and Warranties of the City 3 <br />2. Representations and Warranties of the Developer 3 <br />UNDERTAKINGS BY DEVELOPER AND CITY 5 <br />1. Site Improvements 5 <br />2. Limitations on Undertaking of the City 5 <br />3. Reimbursement 5 <br />4. Business Subsidies Act 5 <br />5. Real Property Taxes 6 <br />EVENTS OF DEFAULT 7 <br />1. Events of Default Defined 7 <br />2. Remedies on Default 7 <br />3. No Remedy Exclusive 8 <br />.4. No Implied Waiver 8 <br />5. Agreement to Pay Attorney's Fees and Expenses 8 <br />6. Indemnification of City 8 <br />DEVELOPER'S OPTION TO TERMINATE AGREEMENT 9 <br />1. The Developer's Option to Terminate 9 <br />2. Action to Terminate 9 <br />3. Effect of Termination 9 <br />ADDITIONAL PROVISIONS 10 <br />1. Restrictions on Use 10 <br />2. Conflicts of Interest 10 <br />3. Titles of Articles and Sections 10 <br />4. Notices and Demands 10 <br />5. Counterparts 11 <br />6. Law Governing 11 <br />7. Expiration 11 <br />8. Provisions Surviving Rescission or Expiration 11 <br />.9. Assignability of Agreement 11 <br />Description of Development Property A-1 <br />Site Improvements B-1 <br />i <br />8387812v1 <br />
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