Laserfiche WebLink
<br />TABLE OF CONTENTS <br /> <br />Page <br /> <br />Introduction.................................................................................................................... ............... 1 <br /> <br />ARTICLE I DEFINITIONS. ............ ... .,. ..... ... .... ... ......... ...... ..... ................. ...... ... .... ...... ....... 6 <br />Section 1.1. Definitions............................................................................................ 6 <br /> <br />ARTICLE II REPRESENTATIONS AND WARRANTIES.............................................. 11 <br />Section 2.1. Representations and Warranties of the City....................................... 11 <br />Section 2.2. Representations and Warranties of the Developer............................. 11 <br /> <br />ARTICLE III REIMBURSEMENT OF PROJECT COSTS................................................ 12 <br />Section 3.1. Statement of Intent... .......................................................................... 12 <br />Section 3.2. Conveyance of Development Property.............................................. 12 <br />Section 3.3. Acquisition of Development Property............................................... 13 <br />Section 3.4. Issuance of Tax Increment Bonds...................................................... 14 <br />Section 3.5. Limitations on Financial Undertakings of the City............................ 14 <br />Section 3.6. Use of Tax Increment Bond Proceeds ............................................... 14 <br />Section 3.7. Installation of Public Improvements.................................................. 15 <br /> <br />ARTICLE IV UNDERTAKINGS BY DEVELOPER AND CITy..................................... 16 <br />Section 4.1. Reimbursement of Costs for Projects ............ ............ ........ ........... ..... 16 <br />Section 4.2. Tax Increment Revenue Notes........................................................... 16 <br />Section 4.3. Use of Development Property Tax Increments.................................. 17 <br />Section 4.4. Reimbursement of Costs for Projects ................................................ 17 <br /> <br />ARTICLE V CONSTRUCTION OF MINIMUM IMPROVEMENTS ..............................19 <br />Section 5.1. Construction of Minimum Improvements......................................... 19 <br />Section 5.2. Construction Plans............................................................................. 19 <br />Section 5.3. Commencement and Completion of Construction............................. 20 <br /> <br />ARTICLE VI INSURANCE. ............ ...................... ................... .................. ......................... 21 <br />Section 6.1. Insurance............................................................................................ 21 <br />Section 6.2. Condemnation.................................................................................... 23 <br />Section 6.3. Reconstruction or Payment................................................................ 23 <br />Section 6.4. Relationship to Mortgagee ................................................................. 23 <br /> <br />ARTICLE VII ASSESSMENT AGREEMENTS AND OTHER COVENANTS ................. 24tSection 7.1. Execution of Assessment Agreements...............................................24 <br />Section 7.2. Real Property Taxes........................................................................... 25 <br /> <br />ARTICLE VIII MORTGAGE FINANCING .... ........................... ................................. .......... 27 <br />Section 8.1. Limitation Upon Encumbrance of Property....................................... 27 <br />Section 8.2. Approval of Mortgage........................................................................ 27 <br />Section 8.3. Notice of Default; Copy to Mortgagee .............................................. 27 <br /> <br />1309762vRED <br />V3 to V2; 2/7/07 <br />