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CCP 06-15-1992
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CCP 06-15-1992
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5/8/2007 1:09:07 PM
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11/6/2006 2:39:46 PM
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<br /> ---- <br /> \ , <br /> C- TABLE OF CONTENTS . <br /> Pa..e <br /> Introduction. . . . . . . . . . . . " . . . .... . . . . ......... .. 1 <br /> Article I Definitions .. . '" .. . ....... . " . ..... . . .. .. 3 <br /> Section 1,1, Definitions . . . . I . . . . . . . . . . . . . . . . . . . 3 <br /> ARTICLE II Representations ann Warranties . . . ......... .. 5 <br /> Section 2.1, Representations by the City . . .... . . . . . 5 <br /> Section 2.2. Representations and Warranties by the <br /> Developer . ." . . ....... ..... . .... " 5 <br /> ARTICLE III Construction of Minimum Improvements .. .. .. .... 6 <br /> Section 3.1, Construction of Minimum Improvements. . . . . . 6 <br /> Section 3.2. Construction Plans ... ......... . . . .... 6 <br /> Section 3.3. Commencement and Completion of <br /> Construction . ..... .. ... . . .... ...... 7 <br /> Section 3.4. Certificate of Completion . '" ........... 8 <br /> ~ ARTICLE IV Insurance . . ..... . . . . ..... ... ... . . ..... 9 . <br /> Section 4,1. Insurance . .. . . I I ..... ... I.. . . . .... 9 <br /> ARTICLE V Tax Increment . . . . . ". . ." . . . ... .. . ... I .. 12 <br /> Section 5.1, Real Property Taxes . .. . .... ." . .... 12 <br /> Section 5,2. Assessment Agreement . , . . . . . . . ...... . 12 <br /> Section 5.3. Tax Increment . .. ..... . .. ..... . ..... 12 <br /> Section 5.4. Failure to Pay Real Estate Taxes ......... . 13 <br /> Section 5,5. Sale or Transfer of Tax Increment . . . . . . , . . 13 <br /> ARTICLE VI Financin51 . . . . . . . . . . . ... .. . . . .... . . . .... 14 <br /> Section 6,1, Financing . . . . . .. . . . . .. ......... 14 <br /> Section 6.2. Equity Funds . . . ....-,..,. .. . . . .. .. 14 <br /> Section 6.3. Revenue Bonds . . .. . . . ..... . . .. . 14 <br /> Section 6.4. Copy of Notice of Default to Mortgagee . . . . . . 14 <br /> Section 6.5. Mortgagee's Option to Cure Defaults. . . . . . . . 14 <br /> ARTICLE VII Prohibitions Altainst Assiltnment and Transfer . .... 16 <br /> Section 7.1. Representation as to Development .. . ... ... 16 <br /> Section 7.2. Prohibition Against Transfer of Property and <br /> Assignment of Agreement . . . . . I. .. . . ... . 16 . <br /> ~ Sedion 7.3. Prohibition Against Transfer of <br /> Partnership Interests " . .. '" ... . ..... 18 <br /> Section 7.4, Approvals .. . .......... ............ 18 <br />
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