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<br /> , <br /> (,. <br /> . WHEREAS, in order to achieve the objectives of the Program the <br /> City is prepared to acquire certain real property located in the <br /> District (such real property is. more particularly descri bed in <br /> Exhibit A to this Agreement) and to convey such real property to <br /> the Developer for development in accordance with the Program and <br /> this Agreement; and <br /> WHEREAS, in order to achieve the foregoing the City has <br /> determined to provide substantial aid and assistance through the <br /> sale of Revenue Bonds and the contribution of federal, state, <br /> regional and local funds; and <br /> WHEREAS, the City believes that the development of the <br /> Development District pursuant to this Agreement, and fulfillment <br /> generally of the terms of this Agreement, are in the vital and best <br /> interests of the City and the health, safety, morals and welfare <br /> of its residents, and in accord with the public purposes and <br /> provisions of applicable federal, state and local laws under which <br /> the Program is being undertaken and assisted; <br /> NOW, THEREFORE, in consideration of the premises and the <br /> mutual obligations of the parties hereto, each of them does hereby <br /> covenant and agree with the other as follows: <br /> . <br /> - <br /> . <br /> 2 <br />