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undertakings: <br /> (a) <br /> <br />'A~iicLE iI <br /> <br />(d) <br /> <br />(e) <br /> <br />(f) <br /> <br />(g) <br /> <br /> REPRES~ITATION ~ UNDERTAKINGS <br />Section 2.1. By the Develgper. Th~ Developer makes the following representations and <br /> <br /> The Developer has;the legal authority and power to enter into this Agreement and <br /> is duly organized Md eXistifiglgeneral partnership under the laws of the State of <br /> Minnesota. '~· ~ <br /> <br />(b) The Developer wil! ~construct the Minimum Improvements in accordance with the <br /> terms of this Agr%ment, the Program, the TIF Plan, and all local, state and <br /> federal laWs and re~lations.; ~ : <br /> <br />(c) Upon completion °£the,Mi~mum Improvements, the Developer shall operate and <br /> maintain, or cause'to be OP&rated and maintained, the Minimum Improvements <br /> until the Maturity Date. <br /> <br /> That Minimum ImProvements Will: be permitted uses under City ordinance, and <br /> will be constructed!in conf0.rmi~ :With the Program and TIF Plan, and will be <br /> constructed by the: Developer together with land at a minimum market value of at <br /> least One :Million i/i~,e Himdted ThOusand and 00/100's Dollars ($1,500,000.00). <br /> <br /> The Developer has. received no notice or communication from any local, state or <br /> federal official that. the activkties, qf~the Developer or the City in the Development <br /> District may be, or.' will be, ~n~violation of any environmental law or regulation <br /> (other than those notices or ;C0mmunications of which the City is aware). The <br /> Developer is awar~ of no facts, '. the existence of, which would cause it to be in <br /> violation of or giv~e~ any person-, a ~valid claim under any local, state or federal <br /> environmental law;tegulation Or review procedure. <br /> <br /> Subject to Unavoidable DelaYs, the Developer will obtain, in a timely manner, all <br /> required permits, l[¢enses arid apProvals, and will meet, in a timely manner, all <br /> requirements of atli .applicable !0Cal, state and federal laws and regulations which <br /> must be obtained or met b~fore the Minimum Improvements may be lawfully <br /> constructed. ~ <br /> <br /> Neither the execution and deliVery of this Agreement, the consummation of the <br /> transactions contemplatedhgreby, mor the fulfillment of, or compliance with, the <br /> terms and conditiohs of:thi~ Agreement, is prevented, limited by, or conflicts <br /> with, or results irt;a breach o.f;the terms, conditions, or provisions of any <br /> partnership restriction or :anyi evidences of indebtedness, agreement or instrument <br /> of whatever nature to which :th~ Developer is now a party or by which the <br /> Developer is bound', Or constitUtes :a default under any of the foregoing. <br /> <br /> <br />