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(a) HRA is a housing and redevelopment authority duly organized • and existing under the laws of Minnesota. Under the provisions of the Act, HRA has the power to enter into this Agreement and carry out its obligations hereunder. (b) The Redevelopment Project is a "redevelopment project" within the meaning of the Act and was created, adopted and approved in accordance with the terms of the Act. (c) The Tax Increment District is a "tax increment district" within the meaning of the Tax Increment Act and was created, adopted and approved in accordance with the terms of the Tax_Increment Act. (d) The costs related to the portion of the Project described in Schedule D hereto constitute public redevelopment costs as defined in Minnesota Statutes, Section 469.033, which are 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 such costs paid by the Redeveloper from payments to be made on the Bonds. Section 2.2. By Redeveloper. Redeveloper represents and warrants that: (a) Redeveloper is a Minnesota resident under no legal disability and has power to enter into this Agreement. (b) Redeveloper will, subject to Unavoidable Delays, complete the Project in accordance with the terms of this Agreement, the Redevelopment Plan, the Act, and all local, state and federal laws and regulations. (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 he is bound. (e) The Redeveloper (i). is not in default in the payment of the principal of or interest on any indebtedness for borrowed money; or (ii) is not in w -S-