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469.033, which are permitted to be paid from tax increment, pursuant to Minnesota <br /> Statutes, Section 469.176. The HRA proposes to financially assist Redeveloper by <br /> reimbursing all or a portion of the costs of the Project described in Schedule C which <br /> was paid by the Redeveloper. <br /> Section 2.2. By Redeveloper. Redeveloper represents and warrants that: <br /> (a) Redeveloper is a corporation duly organized and validly existing and <br /> in good standing under the laws of the State of Minnesota,has power to enter into this <br /> Agreement, and by proper corporate action has duly authorized the execution, delivery <br /> and performance of this Agreement. <br /> (b) Redeveloper will, subject to Unavoidable Delays, complete the Project <br /> in accordance with the terms of this Agreement. <br /> (c) Redeveloper has received no notice or communication from any local, <br /> state or federal official that the activities of Redeveloper, the City or HRA with respect to <br /> the Redevelopment Property may be or will be in violation of any environmental law or <br /> regulation. Redeveloper is aware of no facts the existence of which would cause into be <br /> in violation of any local, state or federal environmental law,regulation or review <br /> procedure with respect to the Redevelopment Property. <br /> • d Neither the execution or delivery of this Agreement, the <br /> ( ) ry �' <br /> consummation of the transactions contemplated hereby,nor the fulfillment of or <br /> compliance with the terms and conditions of this Agreement is prevented by,limited by, <br /> conflicts with, or results in a breach of, any restriction, agreement or instrument to <br /> which Redeveloper is now a party or by which it is bound. <br /> (e) The Redeveloper would not undertake the Project but for the financial <br /> assistance being provided by the HRA hereunder and the costs to be paid by the <br /> Redeveloper with respect to the acquisition by the Redeveloper of the Redevelopment . <br /> Property will be in excess of$30,000. <br /> (f) No member of the governing body of the City or HRA or any other <br /> officer of the City and HRA has any direct or indirect financial interest in the <br /> Redeveloper, the Redevelopment Property or the Project. <br /> -4- <br />