Laserfiche WebLink
the Developer in its sole discretion: title, survey, environmental (Phase I & Phase II <br />reports), soils, and market studies; <br />(iii) Obtain approval by the EDA and the City (including its Engineer, <br />Planning and Inspection Department, and any other governing authority) for approval of <br />the site plan, exterior elevations and finishes, and PUD approval; <br />(iv) Obtain any other necessary governmental approval from any <br />governing authority; <br />(v) Obtain financing on terms acceptable to Developer, including but <br />not limited to public subsidies (such as pay-as-you-go TIF in a mutually agreeable <br />amount), private loans, or equity investment(s); and <br />(vi) Should negotiations be successful, enter into a development <br />agreement with the EDA for the Development. <br />4. Business Subsidies; TIF. <br />(a) The EDA understands that the Developer may be seeking business subsidy <br />assistance from the City and/or the EDA. During the term of this Agreement, Developer <br />shall: <br />(i) Submit to the EDA a design proposal to be reviewed by the EDA <br />showing the location, size, and nature of the proposed Development, including layouts, <br />renderings, elevations, and other graphic or written explanations of the Development. <br />The design proposal shall be accompanied by a proposed schedule for the starting and <br />completion of the Development; <br />(ii) Submit an over-all cost estimate for the design and construction of <br />the Development; <br />(iii) Submit a time schedule for the Development; <br />(iv) Undertake and obtain such other preliminary economic feasibility <br />studies, income and expense projections, and such other economic information as <br />Developer may desire to further confirm the economic feasibility and soundness of the <br />Development; <br />(v) Submit to the EDA the Developer's financing plan showing that <br />the proposed Development is financially feasible; <br />(vi) Furnish satisfactory financial data to the EDA evidencing <br />Developer's ability to undertake the Development; and <br />(vii) Furnish information in its possession and assist the EDA with <br />obtaining all available business subsidy assistance which the EDA may deem appropriate. <br />4 <br />5112640 SJR MU205-46 <br />