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01-23-2019 Council Packet
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01-23-2019 Council Packet
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11237553v3 <br /> <br />Table of Contents <br /> <br />Page <br /> <br /> i <br /> <br />ARTICLE I DEFINITIONS ................................................................................................. 2 <br />Section 1.1. Definitions............................................................................................ 2 <br />ARTICLE II REPRESENTATIONS AND WARRANTIES................................................ 4 <br />Section 2.1. Representations and Warranties of the City ......................................... 4 <br />Section 2.2. Representations and Warranties of the Developer ............................... 4 <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY ....................................... 6 <br />Section 3.1. Site Improvements and Legal and Administrative Expenses .............. 6 <br />Section 3.2. Limitations on Undertaking of the City ............................................... 6 <br />Section 3.3. Reimbursement: TIF Note ................................................................... 6 <br />Section 3.4. Business Subsidies Act ........................................................................ 7 <br />ARTICLE IV EVENTS OF DEFAULT ................................................................................. 9 <br />Section 4.1. Events of Default Defined ................................................................... 9 <br />Section 4.2. Remedies on Default ............................................................................ 9 <br />Section 4.3. No Remedy Exclusive........................................................................ 10 <br />Section 4.4. No Implied Waiver ............................................................................ 10 <br />Section 4.5. Agreement to Pay Attorney's Fees and Expenses .............................. 10 <br />Section 4.6. Indemnification of City ...................................................................... 10 <br />ARTICLE V DEVELOPER'S OPTION TO TERMINATE AGREEMENT ..................... 12 <br />Section 5.1. The Developer's Option to Terminate ................................................ 12 <br />Section 5.2. Action to Terminate ........................................................................... 12 <br />Section 5.3. Effect of Termination ......................................................................... 12 <br />ARTICLE VI ADDITIONAL PROVISIONS ...................................................................... 13 <br />Section 6.1. Restrictions on Use ............................................................................ 13 <br />Section 6.2. Conflicts of Interest............................................................................ 13 <br />Section 6.3. Titles of Articles and Sections ........................................................... 13 <br />Section 6.4. Notices and Demands ........................................................................ 13 <br />Section 6.5. Counterparts ....................................................................................... 14 <br />Section 6.6. Law Governing .................................................................................. 14 <br />Section 6.7. Expiration ........................................................................................... 14 <br />Section 6.8. Provisions Surviving Rescission or Expiration.................................. 14 <br />Section 6.9. Assignability of Agreement and TIF Note......................................... 14 <br />EXHIBIT A Description of Development Property ......................................................... A-1 <br />EXHIBIT B Form of TIF Note ......................................................................................... B-1
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