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<br /> , <br /> . <br /> C TABLE OF CONTENTS <br /> . <br /> Pa..e <br /> Introduction ~ . . . . . . . . . . . . . . . . . . . . . . . . , . . , . . I . . . . . . 1 <br /> Artic Ie I Definitions .. '. . . .. . . . ..... ... ....... . I... 3 <br /> Section 1.1. Definitions . . . . I . . . . . . . . . . . . . . . . . . . . 3 <br /> ARTICLE II Representations and Warranties . . . . ..... . . .'. .. 5 <br /> - <br /> Section 2.1. Representations by the City ........ . .... 5 <br /> Section 2.2. Representations and Warranties by the <br /> Developer .. . . . . ... . .. I ..... . . . .. .. 5 <br /> ARTICLE III Construction of Minimum Improvements ...... .... 6 <br /> Section 3.1. Construction of Minimum Improvements . . . . . . 6 <br /> Section 3.2. Construction Plans .... . . ... .... . , ... t 6 <br /> Section 3.3. Commencement and Completion of <br /> Construction . . . ... .. . .. . .... . ...... 7 <br /> Section 3.4. Certificate of Completion . ... .... ..... .. 8 <br /> \.j ARTICLE IV Insurance . .. '. . . . . . .. .......... ....... 9 <br /> 9. <br /> Section 4.1. Insurance . . . . . . .... ..., I..... . ,... <br /> ARTICLE V Tax Increment . . . .... . . .... . . I...... . . .... 12 <br /> Section 5.1. Real Propert}' 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 Financinst . . . . . . . . .. ... . . . .... . . . . ... 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 A,;/ainst Assi,;/nment and Trsnsfer . .... 16 <br /> Section 7.1. Representation as to Development .,. . . .. " 16 <br /> Section 7.2. Prohibition Against Transfer of Property and <br /> Assignment of Agreement , , . . , " . . . . ... 16 <br /> Sertion 7.3. Prohibition Against Transfer of <br /> " Partnership Interests . . , " 18 . <br /> .- ....., ., ... <br /> Section 7.4. Approvals .. .. . . ,......,.,.... . . ... 18 <br />