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RES 21-027 AUTHORIZING THE EXECUTION OF A REDEVELOPMENT AGREEMENT
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RES 21-027 AUTHORIZING THE EXECUTION OF A REDEVELOPMENT AGREEMENT
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3/25/2021 2:41:48 PM
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3/25/2021 12:50:15 PM
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<br /> Termination of Limitations on Transfer .............................................................. 17 <br />ARTICLE 7 EVENT OF DEFAULT; FEES ............................................................................. 17 <br /> Events of Default ............................................................................................... 17 <br /> City and Authority Events of Default ................................................................. 18 <br /> Cure Rights ........................................................................................................ 18 <br /> Remedies on Default .......................................................................................... 18 <br /> No Remedy Exclusive ........................................................................................ 19 <br /> Waivers.............................................................................................................. 19 <br /> Agreement to Pay Attorneys’ Fees ..................................................................... 19 <br />ARTICLE 8 GENERAL PROVISIONS .................................................................................... 20 <br /> Conflicts of Interest; HRA and City Representatives Not Individually <br />Liable................................................................................................................. 20 <br /> Equal Employment Opportunity ......................................................................... 20 <br /> Restrictions on Use ............................................................................................ 20 <br /> Titles of Articles and Sections ............................................................................ 20 <br /> Business Subsidies Act ...................................................................................... 20 <br /> Term of Agreement ............................................................................................ 20 <br /> Provisions Surviving Termination ...................................................................... 21 <br />ARTICLE 9 ADMINISTRATIVE PROVISIONS ..................................................................... 21 <br /> Notices and Demands ......................................................................................... 21 <br /> Counterparts....................................................................................................... 22 <br /> Binding Effect .................................................................................................... 22 <br /> Severability ........................................................................................................ 22 <br /> Amendments, Changes and Modifications .......................................................... 22 <br /> Further Assurances and Corrective Instruments .................................................. 22 <br /> Captions ............................................................................................................. 22 <br /> Applicable Law .................................................................................................. 22 <br /> Limited Liability ................................................................................................ 22 <br /> Estoppel Certificates .......................................................................................... 23 <br />EXHIBIT A DEVELOPMENT PROPERTY <br />EXHIBIT B COVENANTS AND RESTRICTIONS <br />EXHIBIT C PROJECT DESCRIPTION; QUALIFIED COSTS <br />EXHIBIT D CERTIFICATE OF COMPLETION <br />EXHIBIT E FORM OF ASSESSMENT AGREEMENT <br />EXHIBIT F FORM OF LIMITED TAX INCREMENT REVENUE NOTE <br />EXHIBIT G FORM OF DECLARATION OF COVENANTS AND RESTRICTIONS <br />(Affordable Housing) <br /> <br />ii <br /> <br />
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