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agreement, or instrument of whatever nature to which the <br />Developer is now a party or by .which it or its property is <br />bound or will constitute a default under any of the foregoing. <br />(f) The Developer represents that it would not be able <br />to undertake the Improvements in the reasonably foreseeable <br />future without the assistance to be provided by the Authority <br />under this Agreement. <br />(g) The Developer currently owns the Development <br />Property and covenants that the Improvements will be <br />constructed on the Development Property, consisting of <br />approximately 115,119 square feet of land area, which C.G. <br />Hill is purchasing from the Developer pursuant to an executed <br />agreement. The Developer represents that it will construct <br />the Improvements pursuant to an executed agreement with C.G. <br />Hill, but C.G. Hill will own all of the Development Property <br />and will occupy the Improvements. <br />263185 .1 2 - 3 <br />