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Business Points of Redevelopment Contract Between the SLP EDA and Union Land II, LLC The primary business points for a Redevelopment Agreement between the EDA and Union Land II, LLC ("Redeveloper") are as follows: . Both parties agree that the Redeveloper will be solely responsible for the acquisition of the six parcels that constitute the Redevelopment Property and that the EDA has no obligation to acquire the Redevelopment Property. . Redeveloper is responsible for any relocation benefits that may be payable in connection . with acquisition of any Parcel of the Redevelopment Property. . Redeveloper will indemnifY, defend, and hold hannless the EDA and the City from any and all claims for benefits or payments arising out of the relocation or displacement of the lessee or any person from the Redevelopment Property as a result of the implementation of the Agreement. . Except for any misrepresentation or any misconduct, affirmative act or negligence of the EDA or the City and except for any breach by the EDA or the City of their obligations under the Agreement, redeveloper agrees to hold the EDA and the City hannless from any claim arising out of the presence, if any, of hazardous wastes or pollutants existing on or in the Redevelopment Property (including any asbestos in the existing buildings) . Developer agrees that the project will be professionally managed by a property management company with substantial experience in operating mixed use developments and is subject to EDA approval. . Developer agrees to provide and maintain adequate pedestrian connections to nearby trail and transit stops in the surrounding neighborhood to the satisfaction of the City. . Developer agrees to make a lump sum up front payment to the City of $ to assist with the maintenance of a traffic signal at 36th Street & Xenwood Avenue. (Let's just put this in for now). . Assuming all statutory tests can be met, the City agrees to modify the existing Elmwood Village Tax Increment District (a Renewal and Renovation Tax Increment Financing District) to assist with such activities as: building demolition; soil remediation; site preparation; stormwater pond construction; utility upgrades; curb, gutter, sidewalks; landscaping; and lighting.