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, __. _.. �.� T <br />; ____ .. _ _____ - . . . <br />evidences of indebtedness, agreement, or instrument of <br />whatever nature to which the Developer is now a party or by <br />which it or its property is bound or will constitute a default <br />under any of the foregoing. <br />(f) The Developer represents that it would not be able <br />to undertake, complete and provide for the operation of the <br />Improvements in the reasonably foreseeable future without the <br />assistance to be provided by the Authority under this <br />Agreement. <br />(g) The Developer represents that it owns the <br />Development Property or has executed binding agreements to <br />purchase the Development Property from the owners thereof. <br />(h) The Developer covenants not less than 60 (75�) of <br />the residential rental units of the Improvements will be <br />reserved throughout the Term for Low/Moderate Senior Uses and <br />that the Improvements will be managed throughout the Term <br />either by the Developer or by a manager which is acceptable to <br />the City in its reasonable discretion, with due regard for the <br />experience and ability of any such manager in managing <br />projects of a similar type and in providing the services <br />required for the Low/Moderate Senior Uses. <br />263418.1 2 - 3 <br />