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applicable local, state, and federal laws and regulations which must be obtained or met before the <br />Project may be lawfully constructed. <br />(5) Neither the execution and delivery of this Agreement, the consummation of <br />the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and <br />conditions of this Agreement is prevented, limited by or conflicts with or results in a breach of, <br />the terms, conditions or provision of any contractual restriction, evidence of indebtedness, <br />agreement or instrument of whatever nature to which the Developer is now a party or by which it <br />is bound, or constitutes a default under any of the foregoing. <br />(6) The Developer will cooperate fully with the City with respect to any <br />litigation commenced with respect to the Project. <br />(7) The Developer will cooperate fully with the City in resolution of any traffic, <br />parking, trash removal or public safety problems which may arise in connection with the <br />construction and operation of the Project. <br />(8) The construction of the Project shall commence no later than August 1, <br />2023, and barring Unavoidable Delays will be substantially completed by December 31, 2024. <br />(9) The Developer acknowledges that Tax Increment projections contained in <br />the Tax Increment Financing Plan are estimates only and the Developer acknowledges that it shall <br />place no reliance on the amount of projected Tax Increments and the sufficiency of such Tax <br />Increments to reimburse the Developer for a portion of the costs of the construction and installation <br />of the Site Improvements as provided in Article III. <br />5 <br />76644791v2 <br />