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<br /> --- <br /> L (3 ) The construction of the Project would not be undertaken <br /> by the Developer, and in the opinion of the Developer would not . <br /> be economically feasible within the reasonably foreseeable <br /> future, without the assistance and benefit to the Developer <br /> provided for in this Agreement. <br /> (4) The Developer will use its best efforts to obtain, or <br /> cause to be obtained, in a timely manner, all required permits, <br /> licenses and approvals, and will meet, in a timely manner, all <br /> requirements of all applicable local, state, and federal laws and <br /> regulations which must be obtained or met before the Project may <br /> be lawfully constructed. <br /> (5) Neither the execution and delivery of this Agreement, <br /> the consummation of the transactions contemplated hereby, nor the <br /> fulfillment of or compliance with the terms and conditions of <br /> this Agreement is prevented, limited by or conflicts with or <br /> results in a breach of, the terms, conditions or provision of any <br /> contractual restriction, evidence of indebtedness, agreement or <br /> instrument of whatever nature to which the Developer is now a <br /> party or by which it is bound, or constitutes a default under any <br /> of the foregoing. <br /> (6) The Developer will cooperate fully with the city with <br /> respect to any litigation commenced with respect to the Project. <br /> (7) The Developer will cooperate fully with the City in . <br /> resolution of any traffic, parking, trash removal or public <br /> safety problems which may arise in connection with the <br /> construction and operation of the Project. <br /> (8) The construction of the project will commence on or <br /> before January 1, 1992 and, barring Unavoidable Delays, the <br /> Project will be substantially completed by December 31, 1992. <br /> -' <br /> I . <br /> \ <br /> '--- <br /> 18499 <br /> 6 <br /> -- <br />