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44 <br /> 4. Public Assistance. In order to achieve the foregoing multi-use redevelopment,it is anticipated that <br /> a definitive Redevelopment Agreement, if any,will contain provisions addressing a variety of <br /> forms of public assistance,which may be necessary in order to accomplish the redevelopment. No <br /> commitment is presently being made to provide any form of public assistance,and the <br /> Redeveloper acknowledges that the City has not made any representations that any assistance will <br /> be available. Examples of public assistance that may ultimately be agreed upon,include,but are <br /> not limited to,the following: <br /> a. Site Assembly. The City will consider acquisition of some or all of the <br /> Redevelopment Property based upon terms and conditions contained in the <br /> redevelopment agreement. Acquisition may be through negotiated purchase,or <br /> condemnation or a combination. Acquisition by the City shall be considered only <br /> after the Redeveloper has demonstrated good faith efforts to purchase the property, <br /> and these efforts have been unsuccessful. <br /> b. Tax Increment Financing. The City may be asked to establish a tax increment <br /> financing district to support the Project; and agrees to give due consideration to any <br /> such request. <br /> C. Tax-Exempt Bonds. The City may be asked to act as issuer of tax-exempt bonds for <br /> the benefit of the Redevelopment Property,and agrees to give due consideration to <br /> any such request. <br /> d. Community Development Block Grant Funds. The City agrees to consider <br /> allocating a portion of any Community Development Block Grant Funds available to <br /> the City to the Redevelopment Property. <br /> 5. Redeveloper's. Proposed Use,Minimum Improvements. The minimum improvements will be <br /> made pursuant to plans which are acceptable to and approved by the City as part of the <br /> Redevelopment Agreement. <br /> 6. Ownership. It is expected that any final redevelopment proposal will provide that the Project <br /> (assuming that rental housing is approved by the City)will be owned by the Redeveloper or its <br /> assignees, and that certain condominiums,town,or single family will be sold by the Redeveloper <br /> or its assignee to others. <br /> 7. Preliminary Development Activities. The.Redeveloper's obligation during the preliminary <br /> development agreement period shall include but not be limited to the following: <br /> a. Preparation of a preliminary site plan to include location of buildings,description of <br /> buildings,landscaping and expected improvements. <br /> b. Preparation of a final development agreement to address items included in Section 8. <br /> C. Preliminary financial pro forma. <br /> d. Estimated preliminary schedule for redevelopment including land assembly, <br /> demolition,regulatory approvals and construction. <br /> Page 2 <br />