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<br />I <br />I <br />,. Redeveloper has proposed to undertake its development (which property is described on the <br /> attached Schedule A and is hereinafter referred to as the "Redevelopment Property"); and <br /> WHEREAS, the Authority believes that the redevelopment of the Project Area pursuant <br />I to this Agreement, and fulfillment generally of this Agreement, are in the vital and best interests <br /> of the City and the health, safety, morals, and welfare of its residents, and in accord with the <br />I public purposes and provisions of the applicable State and local laws and requirements under <br /> which the Project has been undertaken and is being assisted. <br />I NOW, THEREFORE, in consideration ofthe premises and the mutual obligations of the <br /> parties hereto, each of them does hereby covenant and agree with the other as follows: <br />I <br />I <br />I <br />Ie <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />.. <br />I 2 <br />