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ARTICLEV <br />SPECIAL S SSENTS <br />acknowledges <br />evelopment Property the, Purdhase Price of # and e <br />_ 4' <br />transaction <br />hereby. The City agrees to provide for payment of such assessment <br />ovier, a f iftleen (15) year period,, <br />Section 5.2 s of <br />Developer agrees <br />it will not commence any pr,oceedion,gs, whether <br />or e i +�' I any, .i � a ' body # court <br />" ■ I �M <br />... <br />Section of " s Defined- The foll. <br />owing shall <br />1*)e "Evients of Default," under this Agreement and - "Event <br />e ! shall meian, whenever used Agreement <br />the context otherwisie provides) any one or more of the following <br />(a) F'a I'Llure by the Developer to pay when due the payment of <br />s,plecia,l assessments requ ired to be pa i'd under this Agreement,, <br />(b�) Failure by the Developer to observe and substantially <br />perfonn any covenant, condition, s +! or <br />its part, to be observed # performed e d e after <br />notice to the Developer, as provided in this Agreement. <br />any Event of <br />Default referred to @in Slection 6.1, of this Agreement occurs, the <br />City may in addition, to any other remedliles or rights given the City <br />under, tihi,s Agreement 'take any one, or 'raore of the following actions: <br />+M� <br />