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ART�CLE II <br />Representations and Warranties <br />Sectior� 2.1. Representations by the City. The City makEs the following representations as the <br />basis for the undertaking on its part herein contained: <br />(a} The City is a statutory ci#y duly organized anc� existing �nder the laws of t3�e State. <br />Under the provisions of the Act, the City has the power to enter inta this Agreement and carry out its <br />abligations hereunder, and execution ofthis Agreement has been du}y, properly and validly authorized by <br />the City. <br />(b) The City proposes to assist in financing certain Public Development Costs necessary to <br />serve che Develapment Praperty and Minirr�um Improvements in aecordance with the terms of this <br />Agreement. <br />Section 22. Representations a�d Warranfies by.the Developer. The Developer represents and <br />warrants that <br />(a) The Developer is a nonprofit carporation organized and in good standing under the ]aws <br />of the State, is duly authorized to transact business within the State, and has the power to enter into ihis <br />Agreement. <br />(b) The Devetoper will cause the Minimum Improvemertts to be constructed, operated and <br />marntained in accordance with the terms of this Agreement, che Development Plan and all }oca�, state and <br />fec�eral laws and regulations (including, but not limited to, environmental, zoning, buiIding cade and <br />public health laws and regu�ations). <br />(c) The Developer has received na notice or cammunication from any 1oca1, state or federaI <br />official that tkae activities of the Develaper ar the City in ihe Project Area may be or will be in vio}ation of <br />any environmental �aw ar regutation (ot�er than those notices or eommunications of which the City is <br />aware). The De�etoper is aware of no facts the existence of which would cause it to be in violation of or <br />give any person a valid ctaim under any locai, state or federal environrnentai law, regalation or review <br />procedu re. <br />(d) The De�eloper will canstruct the Minimum Improvements in aecordance witl� all }acal, <br />state or federa� energy-conservation laws or reg�latians. <br />(e) The De�eloper wiil obtain, in a tirrtely manner, al! required permits, licenses and <br />approvals, and wiil meet, in a timely manner, all requirements of aIl applicabie tocal, state and federal <br />laws and regulations whic�� m�st be obtained or met before the Minimum Improvernents tnay be ]awfully <br />const�-E.tcted. <br />{� Neither the execution and delivery af this Agreement, the consummation of the <br />transactions eontem�}ated hereby, ttor the fulfillment of or compliance with the terrr�s and conditions of <br />this Agreement is prevented, timited by or conflicts with or results in a breac� of, the terms, conditions or <br />provisions of any corparate restriction or any evidences of indebtedness, agreerrtent or �nstrument of <br />whatever natt�re to which the Developer is now a party or by which it is bo�nd, or canstitutes a default <br />under any o�the foregoing. <br />5 <br />