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16 permitted to be paid from tax increment, pursuant to Minnesota Statutes, Section 469.176. The HRA • proposes to financially assist Redeveloper by reimbursing all or a portion of the costs of the Project described in Schedule C which was paid by Redeveloper. Section 2.2 By Redeveloper. Redeveloper represents and warrants that: (a) Redeveloper is a limited liability company duly organized and validly existing and in good standing under the laws of the State of Minnesota, has power to enter into this Agreement, and by proper corporate action has duly authorized the execution, delivery and performance of this Agreement. (b) Redeveloper will, subject to Unavoidable Delays, complete the Project in accordance with the terms of this Agreement. (c) Redeveloper has received no notice or communication from any local, state or federal official that the activities of Redeveloper, the City or HRA with respect to the Redevelopment Property may be or will be in violation of any environmental law or regulation. Redeveloper is aware of no facts the existence of which would cause it to be in violation of any local, state or federal environmental law, regulation or review procedure with respect to the Redevelopment Property. (d) Neither the execution or delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement is prevented by, limited by, conflicts with, or results in a breach of, any restriction, agreement or instrument to which Redeveloper is now a party or by which it is bound. (e) Redeveloper would not undertake the Project but for the financial assistance being provided by the HRA hereunder and the costs to be paid by Redeveloper with respect to the acquisition and development by Redeveloper of the Redevelopment Property will be in excess of $200,000. (f) No member of the governing body of the City or HRA or any other officer of the City and HRA has any direct or indirect financial interest in Redeveloper, the Redevelopment Property or the Project. ARTICLE 3 Completion of Project Section 3.1 Construction Plans. Redeveloper shall submit Construction Plans to the HRA. The HRA shall approve the Construction Plans in writing if no Event of Default has occurred and, in the reasonable discretion of the HRA, the Construction Plans: (a) substantially conform to the Plans and subsequent amendments approved by the HRA; (b) conform to the terms and conditions of -4-