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<br />above. The Notes shall be substantially in the form of the Note attached to this Agreement as <br />Schedule F, with all blanks properly filled in. Each Note shall be ~ as of the date of its <br />issuance and shall be payable together with simple non-compounding interest at a rate to be <br />negotiated by the City and Developer prior to commencement of the Phase for which the Note is <br />issued from the date of the issuance of the Note until the Note is paid in full or terminated. <br />Interest shall be computed on the basis of a 360-day year of twelve (12) 30-day months. <br /> <br />Section 3.10. City Rights to Acquire Acquisition Propertv from Developer. (We need <br />to discuss what, if any, rights the City wiD have to aequire properties that the Developer <br />has aequired or secured purchase agreements for if the Developer does not proceed with <br />development on that property) <br /> <br />Section 3.11. City Costs. (We need to discuss what costs the city wiD be paying and <br />what we expect the developer to pay. ) <br /> <br />18 <br />