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Completion Construction. Developer <br />hereby represents and warrants that the Roadway has been coInpleted <br />pursuant to the Project Plans* on or before December 1, 1989, the <br />Developer shall, priov r' - a <br />lon of <br />its engineer certifyiing that the, Roadway has been constructed in <br />a,ccoird,an,ce, with, the Project Plansi <br />F;!:,4A II' pV I III <br />Developer <br />,acknowledges and agI - 0 <br />City shall assess against the <br />year, 648 e 23 and the <br />Development Proplerity the, Purchase Price of $294, <br />CiLty's costs anid. eixplensies related to the transaction contemplated <br />herebyi. The City agrees to pirlovide for payment of such assessment <br />over a f ifteen (15) <br />agrees Section 5,.2 RevalLiew of Assessment. Developer <br />,it will ! - any proceedings, - <br />or equitable, with any administrative body or court to challenge <br />,or review the assessment of the Roadway Property for the purposes <br />described 'in, thils Agreement. <br />,Section 6, *i 1 Events of D - # - following shall <br />be "Events, of D�ef ault"I under tih "is Agreement and the term "Event of <br />Default" shall, mean,i whenever it is used 'in this Agreement (unless <br />the context otherwise provides) any one or more of the foll <br />61 owing <br />('a) Fial"lure by the Developer to pay when due payment • <br />special assessiments required to be paid under this Agreement, <br />('b) Fa ilure by the, Developer, to observe and • <br />hereunder, perif orm, any covenant,,, coind, itiLon., obligation or agreement on <br />its.part to be observed or performed after <br />notilice to the Developer, as provided in this Agreement. <br />Section 6.2 'Remedies on .91efault,. Whenever any Evenf. of <br />Default referred 'to 'in Section • !' Agreement <br />C ity may Ii 'in add ition to any other, remedies or rights given, the city <br />undier this Actrielement one • • <br />