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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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<br /> , <br /> C TABLE OF CONTENTS <br /> ~ . <br /> ARTICLE 1 - DEFINITIONS . . . . . . . . . . . . . . . . . . . 2 <br /> section 1. 1. Definitions . . . . . . . . . . . . . . . 2 <br /> ARTICLE II - REPRESENTATIONS AND WARRANTIES . . . . . . . . . 5 <br /> Section 2.1. Representations and Warranties of the <br /> City. . . . . . . . . . . . . . . . . . . 5 <br /> Section 2.2. Representations and Warranties of the <br /> Developer . . . . . . . . . . . . . . . . 5 <br /> ARTICLE III - UNDERTAKINGS BY DEVELOPER AND CITY . . . . . . 7 <br /> Section 3.1. Acquisition of the Development Property <br /> and Site Improvements . . . . . . . . . . 7 <br /> Section 3.2. Reimbursement: Tax Increment Revenue <br /> Note . . . . . . . . . . . . . . . . . . 7 <br /> Section 3.3. Developer's Fee and Legal and <br /> Administrative Expenses . . . . . . . . . 9 <br /> Section 3.4. Compliance With Low and Moderate Income <br /> Requirements . . . . . . . . . . . . . . . 9 <br /> ARTICLE IV - EVENTS OF DEFAULT . . . . . . . . . . . . . . . 10 <br /> Section 4.1. Events of Default Defined . . . . . . . . 10 <br /> Section 4.2. Remedies on Default . . . . . . . . . . . 11 <br /> Section 4.3. No Remedy Exclusive . . . . . . . . . . . 11 <br /> I Section 4.4. No Implied Waiver . . . . . . . . . . . . 11 . <br /> '\0'-..... . Section 4.5. Agreement to Pay Attorney's Fees and <br /> Expenses . . . . . . . . . . . . . . . . . 11 <br /> Section 4.6. Indemnification of Authority and City . . 12 <br /> ARTICLE V - DEVELOPER'S OPTION TO TERMINATE AGREEMENT . . . . 13 <br /> Section 5.1 The Developer's Option to Terminate . . . . 13 <br /> Section 5.2 Action to Terminate . . . . . . . . . . . . 13 <br /> Section 5.3 Effect of Termination . . . . . . . . . . . 13 <br /> ARTICLE VI - ADDITIONAL PROVISIONS . . . . . . . . . . . . . 14 <br /> Section 6.1. Restrictions on Use . . . . . . . . . . . 14 <br /> Section 6.2. Conflicts of Interest . . . . . . . . . . 14 <br /> Section 6.3. Titles of Articles and Sections . . . . . 14 <br /> Section 6.4. Notices and Demands . . . . . . . . . . . 14 <br /> Section 6.5. Counterparts . . . . . . . . . . . . . . . 15 <br /> Section 6.6. Law Governing -- IS <br /> . . . . . . . . . . . . . . <br /> Section 6.7. Expiration . . . . . . . . . . . . . . . . 15 <br /> Section 6.8. Provisions surviving Rescission or <br /> Expiration . . . . . . . . . . . . . . . . 15 <br /> Section 6.9. Amendments to Agreement . . . . . . . . . . 15 <br /> SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . 18-19 <br /> AC~OWLEDGEMENTS . . . . . . . . . . . . . . . . . . . . . 20-21 <br /> \ EXHIBITS . <br /> 18499 <br />
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