2008.09.15 EDA Packet - Laserfiche WebLink

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TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS ..................................................................................................1 Section1.1 Definitions.........................................................................................................1 ARTICLE 1I. REPRESENTATIONS AND WARRANTIES .................................................4 Section 2.1 Representations and Warranties of the City ......................................................4 Section 2.2 Representations and Warranties of the Developer.............................................4 ARTICLE III. UNDERTAKINGS BY DEVELOPER AND CITY.........................................6 Section 3.1 Project, Site Improvements and Legal and Administrative Expenses...............6 Section 3.2 Reimbursement: Tax Increment Revenue Note.................................................6 Section3.3 Upfront Fees......................................................................................................7 ARTICLE IV. EVENTS OF DEFAULT...................................................................................8 Section 4.1 Events of Default Defined.................................................................................8 Section 4.2 Remedies on Default..........................................................................................8 Section 4.3 No Remedy Exclusive.......................................................................................9 Section 4.4 No Implied Waiver............................................................................................9 Section 4.5 Agreement to Pay Attorney's Fees and Expenses.............................................9 Section 4.6 Indemnification of City......................................................................................9 ARTICLE V. DEVELOPER'S OPTION TO TERMINATE AGREEMENT.......................11 Section 5.1 The Developer's Option to Terminate.............................................................11 Section 5.2 Effect of Termination ......................................................................................11 ARTICLE VI. ADDITIONAL PROVISIONS........................................................................12 Section 6.1 Restrictions on Use..........................................................................................12 Section 6.2 Conflicts of Interest.........................................................................................12 Section 6.3 Titles of Articles and Sections.........................................................................12 Section 6.4 Notices and Demands......................................................................................12 Section 6.5 Counterparts.....................................................................................................12 Section6.6 Law Governing................................................................................................13 Section6.7 Expiration........................................................................................................13 Section 6.8 Provisions Surviving Rescission or Expiration...............................................13 Section 6.9 Assignability of Agreement and TIF Note ......................................................13 EXHIBIT A Description of Development Property...................................................................A-1 EXHIBIT B Form of TIF Note....................................................................................................B-1 EXHIBIT C Site Improvements..................................................................................................0-1 EXHIBIT D Construction Plans................................................................................................. D-1 2212455v4 _i_