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Agenda - Council - 06/25/2019
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Agenda - Council - 06/25/2019
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3/17/2025 2:30:28 PM
Creation date
7/15/2019 1:34:36 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
06/25/2019
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ARTICLE I <br />Section 1 <br />ARTICLE II <br />Section 2 <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 />Section 2. <br />ARTICLE III <br />Section 3. <br />Section 3.2. <br />Section 3.3. <br />Section 3.4. <br />2. Representations and Warranties of the Developer and Tenant 4 <br />UNDERTAKINGS BY DEVELOPER AND CITY 6 <br />1. Development Property 6 <br />Limitations on Undertaking of the City 6 <br />Reimbursement: TIF Note 6 <br />Business Subsidies Act 7 <br />ARTICLE IV EVENTS OF DEFAULT 9 <br />Events of Default Defined 9 <br />Remedies on Default 9 <br />No Remedy Exclusive 10 <br />No Implied Waiver 10 <br />Agreement to Pay Attorney's Fees and Expenses 10 <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 />1. <br />2. <br />3. <br />4. <br />5. <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. <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 />2. Action to Terminate 12 <br />3. Effect of Termination <br />ADDITIONAL PROVISIONS <br />.1. Restrictions on Use <br />.2. Conflicts of Interest <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 />12 <br />i <br />13 <br />13 <br />13 <br />11750570v4 <br />
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