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creation of new Jobs; improve the financial base of the City and State; coordinate <br />elements of the City's Comprehensive Plan with these project objectives; and <br />provide maximum opportunity, consistent with the needs of the City, for <br />development by private enterprise; and <br />WHEREAS, in order to achieve the objectives of the Coun:il In creating the <br />Development District the City is prepared to acquire certain real property located <br />In the Development District (such real property is more particularly described In <br />Schedule A to this Agreement), to construct certain public Improvements thereon, <br />and to convey such reel property to the Redeveloper for development and <br />redevelopment in accordance with this Agreement; and <br />WHEREAS, in order to achieve the foregoing the City has determined to <br />provide substantial aid and amistance throne, the sale of "nds; and <br />WHEREAS, the City believes that the development and redevelopment of <br />the Development District pursuant to this Agreement, and fulfillment generally of <br />the terms of this Agreement, are in the vital and best Interests of the City and the <br />health, safety, morals and welfare of its residents, and in accord with the public <br />purposes and previsions of applicable federal, state and local laws under which the <br />Development District and Program Is being undertaken and assisted; <br />NOW, THEREFORE, in consideration of the premises and the mutual <br />obligations of the parties hereto, each of them does hereby covenant and agree <br />with the other as follows: (� <br />