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ARTICLE I DEFINITIONS TABLE OF CONTENTS Page 2 2 Section 1.1 Definitions ARTICLE II REPRESENTATIONS AND WARRANTIES Section 2.1 Representations and Warranties of the City Section 2.2 Representations and Warranties of the Developer ARTICLE III UNDERTAKINGS BY DEVELOPER AND CITY Section 3.1 Public Improvements 6 6 6 Section 3.2 Section 3.3 Section 3.4 8 8 10 11 Reimbursement: Tax Increment Revenue Note Construction Plans Development Covenants of the Developer. The Developer makes the following covenants Section 3.5 Termination of Tax Increment District Section 3.6 Phase IV Public Improvements 12 13 13 ARTICLE IV ASSESSMENT AGREEMENT AND TAXES Section 4.1 Execution of Assessment Agreement Section 4.2 Tax Increment Shortfall Guaranty Section 4.3 Section 4.4 14 14 14 Reimbursement: Guaranty Note 15 Real Property Taxes 16 ARTICLE V EVENTS OF DEFAULT Section 5.1 Events of Default Defined Section 5.2 Remedies on Default Section 5.3 Section 5.4 Section 5.5 Section 5.6 Section 5.7 17 17 17 No Remedy Exclusive 18 No Implied Waiver 18 Agreement to Pay Attorney's Fees and Expenses 18 Indemnification of City 19 Developer's Options in City Default 19 ARTICLE VI ADDITIONAL PROVISIONS Section 6.1 Section 6.2 Section 6.3 Section 6.4 Section 6.5 Section 6.6 Section 6.7 Section 6.8 EXHIBIT A EXHIBIT B EXHIBIT C EXHIBIT D EXHIBIT E 213919796 Doc# 2561638 \9 21 Restrictions on Use 21 Conflicts of Interest 21 Titles of Articles and Sections 21 Notices and Demands 21 Counterparts 22 Law Governing 22 Provisions Surviving Rescission or Expiration 22 Assignability of Agreement or Development Property 22 ASSESSMENT AGREEMENT A -1 LEGAL DESCRIPTION OF DEVELOPMENT PROPERTY B -I LEGAL DESCRIPTION OF EASEMENT PROPERTY C -1 LANDSCAPING PLAN D -1 FORM OF PHASE III SHORTFALL NOTE E -1