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KEp L./ Nf: o LPL' Section 5.1. Special Assessments. The City has levied or will levy against the Property in the principal amount of $63,877 for the PublicpSpecial been constructed and which benefit the Property. P Assessments fer-tli�s `The Authority agrees to ements which have the time of issuance of obility fnr the Special Assessments against the Property at Certificate of Completion for the Minimum Improvemen � the Special Assessments n ' principal and interest at -a ef°-pe�* • Section 5.2. Administrative Fee. Administrative Fee in The Developer has the amount of $5,000 to partially cover the negotiating this Agreement and other costs associated with the ro'ect reimburse the Developer for the Administrative Fee P r ��t?1f'ilYl •w. T�_ paid the Authority the Authority's expenses in The Authority agrees to Section 5.3. Pro nertv Write Down. development of the Property In order to facilitate the financial feasibility of the P y and in consideration for the Developer's fulfillment of its covenan ts and obligations under this Agreement, the Authority agrees to Property for the under write down Developer.The Developer represents that it has entered into an agreement the cost of te purchase the property from the Seller for $�-8.I6 provide theh Authority a copy$ Authority agrees o ty reimburse the the purchaseeagree ent to verifypThe Developer agrees The of the Property. 3 out of Available Tax Increment ice of the or the cost Section 5.4. No Re � resentation Re financial commitment under this Agreement Available Tax Increment. The Authority's 11I1 �r ment of tho e,� -• Authority oni Fpp --� D y after Tax �-� is a revenue obligation only including Increment has been used to full and will be paid by the n h g pn3id hand interest, Y pay for the Special Assessments, oteunn Available Tax . The Authority makes no representations or warranties Increment will be sufficient to payes that the e�� r 'm r the Developer for the Land Write Down and ce th Adn,�n��,..,•_ T The Developer acknowledges that Avail y and chap all of the Land Write Down gas in State law and that someb Tax Increment is subject to calculations by the County c-ests be made prior to the Termination Date. n Adm�T., �trativ F p ''�.:llhnr The Developer also acknowledges that the estimates of Available Tax Increment which may have been made by the Authority employees are estimates only and are not intended for reliance bythe e itsp agents, officers or Developer. RHB-188393v2 LN140-74