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<br />e 1. <br /> <br />e <br /> <br />e <br /> <br />All pre~development activity is developer's responsibility (no city financial <br />assistance). <br /> <br />2. Centex must add to their team a local architect to be selected from a list prepared by <br />the Design Center. <br /> <br />3. City financial assistance, if required for any future development, may only be <br />available from 90% of the tax irlcremerlt producea by developmerlt aM if it is not <br />already committed to other prior pledges. <br /> <br />4. Any City assistance for future development will be financed through a "pay as you <br />go" note. <br /> <br />5. City financial assistance, if required for future development. will be secured by the <br />developer. <br /> <br />6. <br /> <br />The Clty/HRA will have final determination on Ine design and product for the site. <br /> <br />7. The HRA will determine if discretionary funds from other agencies be applied for, <br />based on project need and City priorities far future development <br /> <br />S. Cemex agrees to pay the HRA $100.000 good faith deposit for tentative developer <br />rights. <br /> <br />9. Tentative developer slatus is for nine monlhs and if it is determined that the site can <br />be developed, Centex will have mree months to negotiate acceptaOle business terms <br />with PED for HRA approval. <br /> <br />10 Centex must work with affected Community groups. <br /> <br />11. Tentative developer status may be witndrawn by the HRA if the aforementioned <br />points are not met. <br /> <br />3 <br />