Agenda - Economic Development Authority - 05/24/2005

Home

(b) all costs and expenses of every nature incurred in constructing and furnishing the Pro. iect Improvements and purchasing and installing the Project Equipment, including the actual cost o t: labor, materials, machinery, furnishings and equipment as may be payable.to contractors, builders and materialmen in connection with the construction, fignishing and equipping the Pr(~iect; (c) the cost of any insurance and performance and payment bonds maintained during construction of the Project; (d) expenses of administration, supervision and inspection properly chargeable to the Project; underwriting expenses, legal fees and expenses, fees and expenses of accountants and other consultants, publication and printing expenses and other fees and expenses which are necessary or incidental and to the making of the Lease and the issuance of the Bonds or to the acquisition, purchase, construction, installation; fi~niShing and equipping o_f the Project; (e) ali other items of expenses not elsewhere specified in this definition as may be nec;essaw or incident to: (i) the making of the Ground Lease and this Lease; (ii) the construction, instal, lation, equipping and furn/shing of the Project; and (iii) the £mancing thereof; (_F) reimbursement to Tenant or Landlord' or those acting for it for any °fthe ,~.bow:-enumerated costs and expenses incurred and paid by them before or after the execution of thc Lease (subject to the compliance, if applicable, with the "reimbursement regulations," being Treasury Regulations, Section 1.150-2); and (g) any other costs of the Project described in Section 3.3. project Eqt!ipment: All items of machinery, equipment or other personal property inst'aJled or acquired or to be acquired for installation in the Project Improvements or elsewhere on the Land in accordance with the Plans and Specifications and paid for kn whole or in part from the proceeds of the Bonds, and all replacements thereof and substitutions therefor made pursuant to S~:ctions 6.6 or 8.5. PrQj¢ct knprovements: The buildings, structures, improvements and fixtures located on or m be purchased, constructed, renovated, bettered, enlarged and otherwise improved on the Land in accordance with the Plans and Specifications, and all additions, alterations, modifications and improvements thereof raade pursuant to Sections 6.6 or 8.5, to be used by the '['e~x~mt as a municipal center consisting of a city hail, administration, police and related parking. Purchase .Option Price: The price at which the Tenant may purchase the Project as set forth in Section X. Rental Payment: The payment due from Tenant to Landlord prior to each Payment Date during the Term of this Lease, as provided, for the Series 2005A Bonds, in Section 5.1 and :~hown on the attactmd Exhibit B (assuming no prepayment or acceleration of the Series 2005A Bonds), and exclusive of payments due under paragraphs (e) and (f) of Section 5.1, and without giving effect to credits available under the section. ... 1763908v 1 5 21