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KED L/ NL U l-0 Pr • Section 5.1. Stiecial Assessments. The City has levied or will levy S against the Property in the principal amount of $63,877 for the Public Improvements been constructed and which benefit the Property. pecial Assessments p which have The Authority agrees to the time of issuance of a11 the -' the Special Assessments against the Pro pert Certificate of Completion for the Minimum Improvements Y at principal and interest at-a • Section 5.2. Administrative Fee. - , Administrative Fee in the The Developer has paid the Authority the negotiatin amount of $5,000 to partially cover the Authority's expenses in g this Agreement and other costs associated with the project. The Authority agrees to reimburse the Developer for the Administrative Fee • • ouvailable Tax In r t Section 5.3. Pro ert In order to facilitate the financial development of the Property and in consideration for the Developer's fulfillment and obligations under this Agreement, the Authorit a ree feasibility of the and obl for the Developer. The Developee re thoii P down the its covenants t f the Y agrees has entered down the cost e the urchase the Property from the Seller for $'�g is that it has entered into an agreement to the Authority a copy of . The Developer agrees to reimburse the Developer $ 3x373 out of Available veloper agrees to Y the price Increment the Property. The of the Property. va>lable Tax Increment for the cost financial commitment under this Agreement Section 5.4. No Re resentation Re din. Ava „ Available Tax Increment. The Authority's en f the e.�,..• —_Pry !-� ri D� Authority only s a revenue obligation only and will be paid by the y after Tax Increment has been used to fully pay for the Special Assess including principal and interest, n he menu, n ai b I n . The Authority makes no representations or . warranties that the Available Tax Increment will be sufficient to pay the Developer for the Land Write Down and Tax Increment is subject to calculations by the County and changes in The Developer acknowledges that Available all of the Land Write Down g State law and that some or made prior to the Termination Date. The Developer lalso acknowledges r >tm� rcPmpnt may not be Available Tax Increment which may have been made by the Authority are estimates only and are not intended for reliance g s that the estimates of y or its agents, officers or ance by the Developer. • RHB- 188393v2 LN140 -74