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subject to the execution of a development agreement with <br />tha City. The agreement may include, but is not limited <br />I.o: the following: <br /> <br />amount of the City's financial commitment; <br />specifi.cat:j..ons of the City's commitment; <br />terms of the City's participation (such as liens, <br />d~.fi.c[ency ~,greements, etc.); <br />insurance ~ <br />f i.r, ancing ~ <br />conditions of the developer's participation; <br />mzents of default; <br />t:ez,ts for tzansfer or assignment of agreement; <br />[n. demnif [c. ation; and <br />Lerm~nation of agreement. <br /> <br />The ,~oi.i.o~ for the adopt, ion of the foregoing resolution was duly <br />secc~'~,~!ed i,7 Councilmember Sorteberg and upon vote being taken <br />tbes~eo,~. ~,e following in favor thereof: <br /> <br />~4ayor Reimam~ <br />Councilmember Cox <br />!]mtnc. ilmembet DeLuea <br />,:ounc ilmember Pearson <br />~:ounci].member Sorteberg <br /> <br />and t ~(, f,,i.[ow_ing voted against the same: <br /> <br />and ~t:, !,>ilowing abstained: <br /> <br />'Jorte <br /> <br />and ~i,~ ~ l:~,: lowing were absent: <br /> <br />whe~->t:pc'.n ;~Jd resoluti, on was declared duly passed and adopted by <br /> ev of August, 1987. <br />the ?:m~,s , City Council. this the 25th daff <br /> <br /> Mayor <br /> <br />City ./d~,it: s;tr;ttor / <br /> <br />Resolution #87-213 <br /> Page 4 of 4 <br /> <br /> <br />