Agenda - Council Work Session - 06/25/2019

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all requirements of all applicable local, state, and federal laws and regulations which must be obtained or met before the Project may be lawfully constructed. (5) Neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement is prevented, limited by or conflicts with or results in a breach of, the terms, conditions or provision of any contractual restriction, evidence of indebtedness, agreement or instrument of whatever nature to which the Developer and Tenant are now a party or by which it is bound, or constitutes a default under any of the foregoing. (6) The Developer and Tenant will cooperate fully with the City with respect to any litigation commenced with respect to the Project. (7) The Developer and Tenant will cooperate fully with the Ciresolution of any traffic, parking, trash removal or public safety problems which may arisC3onnection with the construction and operation of the Project. GP (8) Construction shall begin by September 1, 2019 an construction of the Project will be substantially completed by July 1, 2020, subject to U 1 s able Delays. (9) The Developer acknowledges that Tax Increment Financing Plan are estimates only and th no reliance on the amount of projected Tax Increments to reimburse the Developer for Development Property as provided in Article,�I (10) The Developer will not Anoka County Assessor of the Pro Property, pursuant to the provisi outstanding. �Q G \ reduction in the market value as determined by the r other facilities that it constructs on the Development f this Agreement, for so long as the TIF Note remains 4tnt projections contained in the Tax loper acknowledges that it shall place ents and the sufficiency of such Tax ion of the costs of the acquisition of the 5 11750570v4