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Agenda - Council - 12/09/2025
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Agenda - Council - 12/09/2025
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12/11/2025 10:24:47 AM
Creation date
12/10/2025 10:46:02 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
12/09/2025
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ARTICLE I <br />Section <br />ARTICLE II <br />Section <br />Section <br />ARTICLE III <br />Section <br />Section <br />Section <br />Section <br />Section <br />Section <br />Section <br />ARTICLE IV EVENTS OF DEFAULT <br />TABLE OF CONTENTS <br />Page <br />DEFINITIONS 2 <br />1.1 Definitions 2 <br />REPRESENTATIONS AND WARRANTIES 4 <br />2.1 Representations and Warranties of the City 4 <br />2.2 Representations and Warranties of the Developer 4 <br />UNDERTAKINGS BY DEVELOPER AND CITY 5 <br />3.1 Project, Site Improvements; and Costs 65 <br />3.2 Limitations on Undertaking of the City 65 <br />3.3 Reimbursement: TIF Note 65 <br />3.4 Prohibition Against Transfer of Project and Assignment of <br />Agreement 76 <br />3.5 Real Property Taxes 76 <br />3.6 Legal and Administrative Expenses 87 <br />3.7 Business Subsidies Law. 87 <br />9 <br />Section 4.1 Events of Default Defined 4-99 <br />Section 4.2 Remedies on Default 4-09 <br />Section 4.3 No Remedy Exclusive 4410 <br />Section 4.4 No Implied Waiver 4410 <br />Section 4.5 Agreement to Pay Attorney's Fees and Expenses 4410 <br />Section 4.6 Indemnification of City. 4410 <br />ARTICLE V DEVELOPER'S OPTION TO TERMINATE AGREEMENT 4-312 <br />Section 5.1 The Developer's Option to Terminate 4-312 <br />Section 5.2 Action to Terminate 4-312 <br />Section 5.3 Effect of Termination 4-312 <br />ARTICLE VI ADDITIONAL PROVISIONS 4-413 <br />Section 6.1 Restrictions on Use 4-413 <br />Section 6.2 Conflicts of Interest 4-413 <br />Section 6.3 Titles of Articles and Sections 4413 <br />Section 6.4 Notices and Demands 4-413 <br />Section 6.5 Counterparts 4-514 <br />Section 6.6 Law Governing 4-514 <br />Section 6.7 Expiration 4-514 <br />Section 6.8 Provisions Surviving Rescission or Expiration 4-514 <br />Section 6.9 Assignability of TIF Note 4-514 <br />EXHIBIT A DESCRIPTION OF DEVELOPMENT PROPERTY A-1 <br />EXHIBIT B FORM OF TIF NOTE B-1 <br />EXHIBIT C SITE IMPROVEMENTS C-1 <br />i <br />17666d901v1196118333v1 <br />
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