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TABLE OF CONTENTS <br />Page <br />PREAMBLE 1 <br />ARTICLE I <br />Definitions <br />Section 1.1. Definitions 2 <br />ARTICLE II <br />Representations and Warranties <br />Section 2.1. Representations by the Authority 5 <br />Section 2.2. Representations and Warranties by the Developer 5 <br />ARTICLE III <br />Site Improvement Costs; Financing <br />Section 3.1. Status of Development Property 7 <br />Section 3.2. Environmental Conditions 7 <br />Section 3.3. Financing of Site Improvement Costs 7 <br />Section 3.4. Payment of Administrative Costs 8 <br />Section 3.5 Records 8 <br />Section 3.6 Business Subsidy Agreement 8 <br />ARTICLE IV <br />Construction of Minimum Improvements <br />Section 4.1. Construction of Improvements 11 <br />Section 4.2. Construction Plans 11 <br />Section 4.3. Commencement and Completion of Construction 12 <br />Section 4.4. Certificate of Completion 12 <br />Section 4.5. Demolition of Existing Buildings 12 <br />ARTICLE V <br />Insurance and Condemnation <br />Section 5.1. Insurance 14 <br />Section 5.2. Subordination 15 <br />ARTICLE VI <br />Tax Increment; Taxes <br />Section 6.1. Right to Collect Delinquent Taxes 16 <br />Section 6.2. Reduction of Taxes 16 <br />Section 6.3. Covenant Not to Petition 16 <br />SJB- 258192v3 <br />LN 140 -89 <br />i <br />