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BRIGGS&MORGAN Fax:6512236645 Dec 11 '98 16:55 P. 10 <br /> ARTICLE II <br /> REPRESENTATIONS AND WARRANTIES <br /> Section 2 .1. Representations and Warranties of the City. <br /> The City makes the following representations and warranties : <br /> (1) The City is a municipal corporation and political <br /> subdivision organized under the provisions of the Constitution, <br /> and laws of the State and has the power to enter into this <br /> Agreement and carryout its obligations hereunder. <br /> (2) The Tax Increment District is a "redevelopment <br /> district" within the meaning of Minnesota Statutes, Section <br /> 469 . 174, Subdivision 10, and. was created, adopted and approved in <br /> accordance with the terms of the Tax Increment Act. <br /> (3) The development contemplated by this Agreement is in <br /> conformance with the development objectives set forth in the <br /> Development Program and Tax Increment Financing Plan. <br /> (4) The City makes no representation or warranty, either <br /> express or implied, as to the Development Property or its <br /> condition or the soil conditions thereon, or that the Development <br /> Property shall be suitable for the Developer' s purposes or needs. <br /> Section 2.2. Representations and Warranties of the <br /> Developer. The Developer makes the following representations and <br /> warranties: <br /> (1) The Developer is a and has <br /> power to enter into this Agreement and to perform its obligations <br /> hereunder and is not in violation of any provisions of the laws <br /> of the State; and <br /> (2) The Developer will cause the Minimum Improvements to be <br /> constructed, operated and maintained in accordance with the terms <br /> of this Agreement, the Development Program and all local, state <br /> and federal laws and regulations (including, but not limited to, <br /> environmental, zoning, energy conservation, building code and <br /> public health laws and regulations) . <br /> (3) The Developer shall obtain, or cause to be obtained, in <br /> a timely manner, all required permits, licenses and approvals and <br /> will meet, in a timely manner, all requirements of all applicable <br /> local, state, and federal laws and regulations which must be <br /> obtained or met before the Minimum Improvements may be lawfully <br /> constructed. <br /> 965316,Red <br /> V2 to V1; 12/11/98 6 <br />