CCP 06-15-1993 - Laserfiche WebLink

Home Browse Search

. (f) The City has made the findings required by Section 469.175, Subdivision 3, of the Tax Increment Act for the tax increment district, and has set forth in writing the reasons and supporting facts for each determination. 2.2 ReDresentations and Warranties of the OeveloDer. The Developer makes the following representations and warranties: (a) The Developer is a Minnesota corporation duly formed and existing under laws of the State. (b) The Developer has power to enter into this Agreement and to perform its obligations hereunder and is not in violation of any provisions of the laws of the State. (c) The Developer will exercise reasonable efforts to cause development of the Redevelopment Property, as contemplated by this Agreement. The Developer's obligations in this regard, are more specifically set forth in Article III hereof. (d) The Developer will obtain, or cause to be obtained, all required permits, licenses and approvals, and will meet all requirements of all applicable state, local and . federal laws and regulations which must be obtained or met before the improvements, or any phase thereof, may be lawfully constructed. (e) Neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement is prevented, limited by or conflicts with or results in a breach of the terms, conditions or provision of the Developer'S Articles of Incorporation or By-Laws or any contractual restriction, evidence of indebtedness, agreement or instrument of whatever nature to which the Developer is now a party or by which it is bound, or constitutes a default under any of the foregoing. (f) The Developer would not enter into this Agreement nor undertake the development work contemplated herein but for the tax increment financing assistance provided by the City pursuant to this Agreement. . 5