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Resolution 05-EDA207
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Resolution 05-EDA207
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Last modified
8/10/2022 11:17:04 AM
Creation date
2/2/2007 9:21:28 AM
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MV EDA
EDA Document Type
Resolutions
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<br />. <br /> <br />. <br /> <br />. <br /> <br />TABLE OF CONTENTS <br /> <br />Page <br /> <br />A.R.TICLE I DEFINITIONS .................. ..... ......... ...... ..................... ........ ........ .., .., ........... ..... 3 <br /> <br />Section 1.1. Definitions.............................................................................................3 <br /> <br />ARTICLE II REPRESENTATIONS AND WARRANTIES................................................ 5 <br />Section 2.1. Representations and Warranties of the Authority................................ 5 <br />Section 2.2. Representations and Warranties of the Developer............................... 5 <br /> <br />ARTICLE III UNDERTAKINGS BY DEVELOPER AND AUTHORITy......................... 7 <br />Section 3.1. Reimbursement of Costs...................................................................... 7 <br />Section 3.2. Reimbursement: Tax Increment Revenue Note................................... 7 <br />Section 3.3. Business Subsidies Act ........................................................................8 <br /> <br />ARTICLE IV EVENTS OF DEFAULT ............. .......... ......... .......... ......... .................. .......... 10 <br />Section 4.1. Events of Default Defined ................................................................. 10 <br />Section 4.2. Remedies on Default.......................................................................... 10 <br />Section 4.3. No Remedy Exc1usive........................................................................ 11 <br />Section 4.4. No Implied Waiver ............................................................................ 1] <br />Section 4.5. Agreement to Pay Attorney's Fees and Expenses ..............................11 <br />Section 4.6. Indemnification of Authority and City.............................................. 1] <br /> <br />ARTICLE V ADDITIONAL PROVISIONS ...................................................................... 13 <br />Section 5.1. Restrictions on Use ................................ ............................................ 13 <br />Section 5.2. Conflicts of Interest................. ........................................................... 13 <br />Section 5.3. Titles of Articles and Sections ........................................................... 13 <br />Section 5.4. Notices and Demands ........................................................................13 <br />Section 5.5. Counterparts.......... ............................................................................. 14 <br />Section 5.6. Law Govenling ........ ................... ....................................................... 14 <br />Section 5.7. Expiration......... ....... ........ ........... ........................................................ 14 <br />Section 5.8. Provisions Surviving Rescission or Expiration.................................. 14 <br />Section 5.9. Assignability of Agreement and Note................................................ 14 <br /> <br />EXHIBIT A Description of Development Property......................................................... A-I <br /> <br />EXHIBIT B Fonn of Tax Increment Note ....................................................................... B-1 <br /> <br />17967501'1 <br /> <br />-]- <br />
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