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02/28/2005 Council Packet
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02/28/2005 Council Packet
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1/28/2014 2:25:19 PM
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City Council
Council Document Type
Council Packet
Meeting Date
02/28/2005
Council Meeting Type
Regular
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conditions of this Agreement is prevented, limited by or conflicts with or results in a breach of, <br />the 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 <br />is bound, or constitutes a default under any of the foregoing. <br />(g) Whenever any Event of Default occurs and if the Authority shall employ <br />attorneys or incur other expenses for the collection of payments due or to become due or for the <br />enforcement of performance or observance of any obligation or agreement on the part of the <br />Developer under this Agreement, and the Authority prevails in such action, the Developer agrees <br />that it shall, within ten days of written demand by the Authority, pay to the Authority the <br />reasonable fees of such attorneys and such other expenses so incurred by the Authority. <br />(h) The proposed development by the Developer hereunder would not occur but for <br />the tax increment financing assistance being provided by the Authority hereunder. <br />(i) The Developer shall promptly advise 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 <br />materially affecting Developer or its business which may delay or require changes in <br />construction of the Minimum Improvements. <br />SJB- 258192v3 <br />LN 140 -89 <br />6 <br />
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