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properties of the per#entag-, increase in the Conuumer Prie ndex <br /> for the previous calendar y..:ar. The amount the ems to be pai <br /> by College Pr rt ies under: this section 4 for the year in which <br /> the City not i 'ies Co.lege -?roperties of the p j3roentage increase <br /> shall be incre aced by the pc rcentage that the Consumer Price Index <br /> has inn reaaed- por Grp le, if the Consumer Price index is <br /> !=reamed by 1e the Elu ms tc. be paid by College Propertiam in the <br /> rumt succeeding calentar yec-.r shall be increased by 1 k. I f, at any <br /> time during the term of this agreement, the Project is partially <br /> oubject to ad valorem real (estate taxes and partially exempt from <br /> ad valorem real estate U xes, the payments due from College <br /> perties to the City in a year shall be reduced by the amount of <br /> tax revenua the City �e�eiv -se from the Project in that year.. Any <br /> reduction shall La ors cited first to the payment due on October IS <br /> of that year. 1 <br /> so EnfQ I gummt, I f College Properties defaults in the <br /> erf a of its obligations under this �reement, the City may <br /> recover f rom 118 pr ex,t i ee. in addit icm to any Rmcrunte due <br /> under this Agrtlammnt'o all oc Sts and menses, including reaac nable <br /> att o=eye feeol the C=-ty inc!urz to enforce this Agreemmt. <br /> eV t UM Sith the L The City and College <br /> Properties agree that �� a coy,-enant of College Properties under this <br /> � that this covenant �� <br /> Weement tone ee � eonce_ the Land <br /> with title to the lAnd and that this covenant is binding upon <br /> college Proper ies anc- its successors and assigns. <br /> a��� tl <br />