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62 ARTICLE VIII DEVELOPER COVENANTS Section 8.1 Maintenance and Operation of the Development. Developer will at all times during the term of this Agreement, maintain and operate the Development in a safe and secure way and in compliance with this Agreement and all federal, State and local laws, regulations, rulings and ordinances applicable thereto. Developer shall pay all of the reasonable and necessary expenses of the operation and maintenance of the Development, including all premiums for insurance insuring against loss or damage thereto and adequate insurance against liability for injury to persons or property arising from the Development as required pursuant to this Agreement. Developer shall use its best efforts to ensure that all contractors comply with the safety laws applicable to the construction of the Minimum Improvements. The expenses of operation and maintenance of the Development shall be borne solely by Developer. Section 8.2 Compliance with Environmental Requirements. The Developer shall, in all material respects, comply with all applicable local, State, and federal environmental laws and regulations, and will obtain, and maintain compliance under, any and all necessary environmental permits, licenses, approvals or reviews. As of the date of this Agreement, the Developer has received no notice or communication from any local, State, or Federal official that the activities of the Developer or the Authority under this Agreement may be or will be in violation of any environmental law or regulation. Section 8.3 City Consulting Costs. Developer agrees to pay out of pocket costs of the City and the Authority for the City Consultants in connection with the Development, and all reasonable third party consulting costs of the Developer, including but not limited to costs of the PUD process, architectural and engineering studies for the Development, fiscal analysis, legal fees and all related costs and expenses. The Developer shall pay such costs monthly upon presentation of invoices and other documentation of costs, not more than 30 days after the request for payment is delivered to the Developer. All such costs shall be reimbursable as Qualified Redevelopment Costs. Section 8.4 Property Taxes. The Developer agrees to pay all property taxes on the Development Property as they become due and payable for the duration of this Agreement. Failure to pay property taxes shall be an Event of Default. Section 8.5 Special Assessments. Developer agrees to pay all special assessments levied against the Development Property as they become due and payable for the duration of this Agreement. ARTICLE IX TAX INCREMENT ASSISTANCE Section 9.1 Issuance of TIT Note; Limitations on Reimbursement of Qualified Redevelopment Costs. (a) In order to obtain the amount of Tax Increment contemplated by this Agreement, the Authority will issue, subject to satisfaction of the conditions in this Agreement, a "pay-as- you-go" TIF Note to the Developer with a maximum original principal amount of $1,023,000, 18