Laserfiche WebLink
PREAMBLE <br />Section 1.1. Definitions <br />TABLE OF CONTENTS <br />ARTICLE I <br />Definitions <br />ARTICLE II <br />Representations and Warranties <br />Page <br />...................1 <br />..............2 <br />Section 2.1. <br />Representations by the Authority........................................................................................5 <br />Section 2.2. <br />Representations and Warranties by the Developer.............................................................. 5 <br />ARTICLE III <br />Property Acquisition; Public Development Costs <br />Section 3.1. <br />Status of the Development Property .................................................................................... 7 <br />Section3.2. <br />Contingencies......................................................................................................................7 <br />Section 3.3. <br />Environmental Conditions...................................................................................................7 <br />Section 3.4. <br />Acquisition of Tax -Forfeited Property................................................................................7 <br />Section 3.5. <br />Public Development Costs; Developer Reimbursement..................................................... 7 <br />Section 3.6. <br />Issuance of Pay -As -You -Go TIF Note................................................................................7 <br />Section 3.7. <br />Payment of Administrative Costs........................................................................................ 8 <br />Section3.8. <br />Records................................................................................................................................8 <br />Section 3.9. <br />Purpose of Assistance......................................................................................................... 9 <br />Section3.10. <br />Grant....................................................................................................................................9 <br />ARTICLE IV <br />Construction and Maintenance of Minimum Improvements <br />Section 4.1. Construction of Improvements..........................................................................................10 <br />Section 4.2. Construction Plans............................................................................................................10 <br />Section 4.3. Commencement and Completion of Construction............................................................11 <br />Section 4.4. Certificate of Completion.................................................................................................. l 1 <br />Section 4.5. Rental Housing Affordablity Covenants...........................................................................11 <br />Section 4.6. Disqualification of TIF District.........................................................................................12 <br />Section 4.7. Affordable Housing Reporting..........................................................................................12 <br />ARTICLE V <br />Insurance <br />Section5.1. Insurance...........................................................................................................................13 <br />Section5.2. Subordination....................................................................................................................14 <br />i <br />51691 MJAE MU205-47 <br />