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CCP 12-28-1994
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CCP 12-28-1994
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<br /> .~ . <br /> ) <br /> 2. Term <br /> . 3. Tax exemption of interest <br /> 4. Security <br /> H. Administrative Expenses - <br /> 1 . Responsibility of Redeveloper <br /> 2. Reimbursement of Redeveloper <br /> I. Redeveloper Security: Specific <br /> 1. General Obligation Debt <br /> a. Special Assessments <br /> b. Tax Deficiency Guarantee <br /> 2. Revenue Note <br /> a. Issued upon Certificate of Completion <br /> b. No events of default <br /> J. Redeveloper Security: General <br /> . 1 . Right of Remitter (City gets land in event of default) <br /> and subordination of City right <br /> 2. Minimum annual development: say 100,000 sq. ft. /year <br /> commencing 1996 <br /> K. Phasing <br /> 1 . Number of phases <br /> 2 . Number of years <br /> L. City Land <br /> 1. Price <br /> a. Fair Market Value or City's costs <br /> b. Percentage of Tax Increment <br /> 2. Survey <br /> 3. Warranty deed/title <br /> . M. Land Use <br />
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