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07-01-2019 Council Packet
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07-01-2019 Council Packet
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10/30/2021 1:08:48 PM
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7/8/2019 12:27:13 PM
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City Council
Council Document Type
Council Packet
Meeting Date
07/01/2019
Council Meeting Type
Work Session Regular
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8 <br />obtain a building permit for any portion of the Minimum Improvements before July 8, 2019, the <br />date of approval of the TIF Plan for the TIF District. <br /> <br />(e) Neither the execution and delivery of this Agreement, the consummation of the <br />transactions contemplated hereby, nor the fulfillment of or compliance with the terms and <br />conditions of this Agreement is prevented, limited by or conflicts with or results in a breach of, the <br />terms, conditions or provisions of any corporate restriction or any evidences of indebtedness, <br />agreement or instrument of whatever nature to which the Developer is now a party or by which it is <br />bound, or constitutes a default under any of the foregoing, which default or breach might prevent <br />the Developer from performing its obligations under this Agreement. <br /> <br />(f) The Developer shall promptly advise the Authority in writing of all litigation or <br />claims affecting any part of the Minimum Improvements and all written complaints and charges <br />made by any governmental authority materially affecting the Minimum Improvements or materially <br />affecting Developer or its business which may delay or require changes in construction of the <br />Minimum Improvements. <br /> <br />(g) The Developer represents that no more than twenty percent (20%) of the square <br />footage of the Minimum Improvements will consist of commercial, retail or other nonresidential <br />use. <br /> <br />(h) The Developer represents that each independent care unit and each assisted living <br />unit within the Senior Building has facilities to cook (such as a microwave) and a bathroom. <br />Certain units in the Minimum Improvements will have access to 24-hour care from home health <br />aides and a nurse on call service but none of the units in the Minimum Improvements will have 24- <br />hour nursing care on-site. <br /> <br /> <br /> <br /> <br />(The remainder of this page is intentionally left blank.)
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