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Agenda - Economic Development Authority - 06/13/2019
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Agenda - Economic Development Authority - 06/13/2019
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Last modified
3/17/2025 2:21:39 PM
Creation date
6/7/2019 11:47:35 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
06/13/2019
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ARTICLE I <br />Section 1 <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 />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 />Table of Contents <br />Page <br />DEFINITIONS 2 <br />.1. Definitions 2 <br />REPRESENTATIONS AND WARRANTIES 4 <br />.1. Representations and Warranties of the City 4 <br />.2. Representations and Warranties of the Developer and Tenant 4 <br />UNDERTAKINGS BY DEVELOPER AND CITY 6 <br />1. Development Property 6 <br />2. Limitations on Undertaking of the City 6 <br />3. Reimbursement: TIF Note 6 <br />4. Business Subsidies Act 7 <br />EVENTS OF DEFAULT 9 <br />1. Events of Default Defined 9 <br />2. Remedies on Default 9 <br />3. No Remedy Exclusive 10 <br />4. No Implied Waiver 10 <br />5. Agreement to Pay Attorney's Fees and Expenses 10 <br />6. Indemnification of City 10 <br />DEVELOPER'S OPTION TO TERMINATE AGREEMENT 12 <br />1. The Developer's Option to Terminate 12 <br />Section 5.2. Action to Terminate 12 <br />Section 5.3. Effect of Termination <br />ARTICLE VI ADDITIONAL PROVISIONS <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 />12 <br />13 <br />1. Restrictions on Use 13 <br />2. Conflicts of Interest 13 <br />3. Titles of Articles and Sections 13 <br />.4. Notices and Demands 13 <br />5. Counterparts 14 <br />6. Law Governing 14 <br />7. Expiration 14 <br />8. Provisions Surviving Rescission or Expiration 14 <br />9. Assignability of Agreement 14 <br />Description of Development Property 1 <br />Form of TIF Note 1 <br />i <br />11750570v4 <br />
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