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era TABLE OF CONTENTS Page ARTICLE I DEFINITIONS...........................................................................................................2 Section1.1 Definitions.........................................................................................................2 ARTICLE II REPRESENTATIONS AND WARRANTIES........................................................7 Section 2.1 Representations and Warranties of the City......................................................7 Section 2.2 Representations and Warranties of the Authority..............................................8 Section 2.3 Representations and Warranties by the Developer............................................9 ARTICLE III LAND USE AND DEVELOPMENT CONTROLS............................................10 Section 3.1 Restrictions on Development...........................................................................10 .................................14 Section 3.2 Conditions of City/Authority Approval...........................................................10 Section 3.3 Approval of Final Plans...................................................................................1 l Section 3.4 Zoning and Land Use Approvals..................................................................... l l Section 3.5 Building and Construction Permits.................................................................. l I Section 3.6 City/Authority Approval..................................................................................1 I Section 3.7 Income and Rent Limits..................................................................................12 .................................16 ARTICLE IV ACQUISITION OF DEVELOPMENT PROPERTY...........................................12 Section 4.1 Acquisition of Development Property by the Developer................................12 Section 4.2 Relationship of Purchase Agreements and Purchase Price .............................12 Section 4.3 Purchase Price Adjustment Based on Construction Costs...............................12 Section 4.4 Assessment Agreement....................................................................................13 ARTICLE V CONSTRUCTION OF MINIMUM IMPROVEMENTS.. Section 5.1 Minimum Improvements ............................................ Section 5.2 Intentionally Leff Blank .............................................. Section 5.3 Intentionally Left Blank .............................................. Section 5.4 Design Drawings; Preliminary Plans .......................... Section 5.5 Construction Plans ...................................................... Section 5.6 Construction of Minimum Improvements .................. Section 5.7 Reporting Requirements ............................................. Section 5.8 Commencement and Completion of Construction ..... Section 5.9 Effect of Delay............................................................ Section 5.10 Additional Responsibilities of the Developer ............. Section 5.11 Certificate of Completion ........................................... .....................14 .................................14 .................................14 .................................14 .................................14 .................................14 .................................15 .................................15 .................................15 .................................16 .................................16 .................................16 ARTICLE VI QUALIFIED REDEVELOPMENT ACTIVITIES ...................... Section 6.1 Qualified Redevelopment Activities ...................................... i .....................17 .....................17