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(c) The Developer agrees to (i) report its progress on achieving the <br />Goals to the City until the Goals are met, or the Business Subsidy is repaid, <br />whichever occurs earlier, (ii) include in the report the information required in <br />Subdivision 7 of the Jobs Act on forms developed by the Minnesota Department <br />of Trade and Economic Development, and (iii) send completed reports to the City. <br />The Developer agrees to file these reports no later than March 1 of each year <br />commencing March 1, 2005, and within 30 days after the deadline for meeting the <br />Goals. The City agrees that if it does not receive the reports, it will mail the <br />Developer a warning within one week of the required filing date. If within 14 <br />days of the post marked date of the warning the reports are not made, the <br />Developer agrees to pay to the City a penalty of $100 for each subsequent day <br />until the report is filed up to a maximum of $1,000. <br />(d) The Developer agrees to continue operations on the <br />Redevelopment Property for at least five (5) years after the Benefit Date. <br />(e) There are no other state or local government agencies providing <br />financial assistance for the Project other than the City. <br />(1) There is no parent corporation of the Developer. <br />12.10. Memorandum. Contemporaneously with the execution of this <br />Development Agreement the Parties will execute and the City may thereafter record a <br />Memorandum of this Agreement in the form attached as Exhibit F. <br />Page 66 <br />1316916v1 <br />