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5 MU205\52\637644.v8 (a) The EDA understands that the Developer may be seeking business subsidy assistance from the City and/or the EDA. During the term of this Agreement, Developer shall: (i) Submit to the EDA a design proposal to be reviewed by the EDA showing the location, size, and nature of the proposed Development, including layouts, renderings, elevations, and other graphic or written explanations of the Development. The design proposal shall be accompanied by a proposed schedule for the starting and completion of the Development; (ii) Submit an over-all cost estimate for the design and construction of the Development; (iii) Submit a time schedule for the Development; (iv) Undertake and obtain such other preliminary economic feasibility studies, income and expense projections, and such other economic information as Developer may desire to further confirm the economic feasibility and soundness of the Development; (v) Submit to the EDA the Developer’s financing plan showing that the proposed Development is financially feasible; (vi) Furnish satisfactory financial data to the EDA evidencing Developer’s ability to undertake the Development; and (vii) Furnish information in its possession and assist the EDA with obtaining all available business subsidy assistance which the EDA may deem appropriate. (b) Developer understands that the Tax Increment Financing sought for the proposed Development must be obtained as outlined by law. (c) Developer understands that the Housing Tax Credits sought for the proposed Development must be obtained as outlined by law. 5. Feasibility. It is expressly understood that execution and implementation of any purchase and development agreement (together with any other agreements entered into between the parties hereto contemporaneously therewith) shall be subject to: (a) A determination by the EDA in its sole discretion that its undertakings are feasible based on (i) satisfaction of City Code requirements; (ii) the purposes and objectives of any development plan created or proposed for the Development; (iii) the Studies, if any; and (iv) the best interests of the EDA. (b) A determination by Developer that the Development is feasible and in the best interests of Developer.