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TABLE OF CONTENTS <br />DEVELOPMENT AGREEMENT <br />Page <br />Introduction <br />ARTICLE I - DEFINITIONS <br />Section 1.1. Definitions <br />ARTICLE II - REPRESENTATIONS AND WARRANTIES <br />Section <br />Section <br />ARTICLE III <br />Section <br />Section <br />Section <br />1 <br />3 <br />3 <br />6 <br />2.1. Representations and Warranties of the <br />City 6 <br />2.2. Representations and Warranties of the <br />Developer 6 <br />- REIMBURSEMENT OF PROJECT COSTS 8 <br />3.1. Statement of Intent 8 <br />3.2. Conveyance of Development Property 8 <br />3.3. Reimbursement of Site Improvement Expensesll <br />ARTICLE IV - CONSTRUCTION OF MINIMUM IMPROVEMENTS 12 <br />Section 4.1. Construction of Minimum Improvements 12 <br />Section 4.2. Construction Plans 12 <br />Section 4.3. Commencement and Completion of <br />Construction 13 <br />ARTICLE V - INSURANCE <br />Section <br />Section <br />Section <br />Section <br />ARTICLE VI - <br />Section <br />Section <br />ARTICLE VII <br />1054867.2 <br />5.1. Insurance <br />5.3. Condemnation <br />5.4. Reconstruction or Payment <br />5.5. Relationship to Mortgagee. <br />14 <br />14 <br />16 <br />16 <br />16 <br />ASSESSMENT AGREEMENT AND OTHER COVENANTS18 <br />6.1. Execution of Assessment Agreements 18 <br />6.2. Real Property Taxes 19 <br />- TAX INCREMENT SHORTFALL GUARANTY..... . 21 <br />Page 45 <br />