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<br />instrument of whatever nature to which the Developer is now a party or by which it is bound, or <br />constitutes a material default under any of the foregoing. <br /> <br />(5) The Developer will cooperate fully with the City with respect to any litigation <br />commenced with respect to the Project. <br /> <br />(6) The Developer will cooperate fully with the City in determining a mutually <br />acceptable resolution of any traffic, parking, trash removal or public safety problems which may <br />arise in connection with the construction and operation of the Projects. <br /> <br />(7) The Developer would not undertake the Projects in the reasonably foreseeable <br />future without the use of tax increment financing contemplated by this Agreement. <br /> <br />(8) Subject to the terms of this Agreement, the Developer expects that, barring <br />Unavoidable Delays, the construction of the Projects will commence by and be completed by: <br /> <br /> <br />I-BI-2 6/30/2007 12/31/2008 <br />I-B7 3/31/2008 4/30/2009 <br />I-B8 7/31/2007 12/31/2008 <br />I-B9 12/31/2007 12/31/2008 <br />2-B4 3/31/2009 4/30/2010 <br />2-B5 3/31/2010 4/30/2011 <br />2-BE-W 3/31/2009 12/31/2011 <br />3-B6 3/31/2012 12/31/2013 <br />3B-I0 3/31/2012 12/31/2013 <br />4-B3 4/30/2014 12/31/2015 <br /> ARTICLE III <br /> REIMBURSEMENT OF PROJECT COSTS <br /> <br />Section 3.1. Statement ofIntent. It is the intent of the parties that the City reimburse <br />the Developer for a portion of the costs incurred by the Developer in acquiring the Development <br />Property upon satisfaction of the conditions set forth in Section 3.2. <br /> <br />11 <br />