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PF_3595_Contract
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PF_3595_Contract
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Last modified
7/17/2007 2:28:41 PM
Creation date
9/14/2005 1:54:22 PM
Metadata
Fields
Template:
Contracts/Agreements
Agreement/Contract Type
Development Contract
Contracts/Agreements - Department
Community Development
Purpose/Title
Roseville Twin Lakes, LLC
Contracts/Agreements - Planning File #
3595
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<br />Section 1.1. <br /> <br />Section 2.1. <br />Section 2.2. <br /> <br />Section 3. I. <br />Section 3.2. <br />Section 3.3. <br />Section 3.4. <br />Section 3.5. <br />Section 3.6. <br />Section 3.7. <br />Section 3.8. <br />Section 3.9. <br /> <br />Section 3.10. <br /> <br />Section 4. I. <br />Section 4.2. <br />Section 4.3. <br /> <br />Section 4.4. <br />Section 4.5. <br />Section 4.6. <br />Section 4.7. <br /> <br />TABLE OF CONTENTS <br /> <br />Page <br /> <br />ARTICLE I <br /> <br />Definitions <br /> <br />Definitions ....................................... ............................ ...................... ................ 2 <br /> <br />ARTICLE II <br /> <br />Representations, Warranties and Covenants <br /> <br />Representations and Covenants by the City...................................................... 7 <br />Representations, Warranties and Covenants by the Redeveloper .....................8 <br /> <br />ARTICLE III <br /> <br />Acquisition and Conveyance of the Redevelopment Property <br /> <br />Acquisi ti on .. .. . ..... . .. .. ... .. ... .. . . .. ...... .... ......... ... ....... .. .. ....... .... .......... .. ........ ..... .... 1 0 <br /> <br />Request to Condemn; City Decision ............................................................... 10 <br /> <br /> <br />Security and PaYment.. ....... ................. ......... ..... .................... ... ... ...... ....... ....... 11 <br /> <br />Additional Conditions to City Obligation ....................................................... 11 <br />Consultation with the Redeveloper......................... ...... ..................... ............. 12 <br /> <br /> <br />Discontinuation.................................................. ............................................. 12 <br /> <br />Conveyance of City Parcels to the Redeveloper ............................................. 13 <br />Conditions Precedent to Conveyance........ ..................... .......................... ....... 14 <br />Acquisition or Environmental Remediation of Parcel Becomes <br />Impossible or Commercially Impracticable ............................................. ....... 14 <br />Street Vacations, Easements and Rights-of-Way............................................ 15 <br /> <br />ARTICLE IV <br /> <br />Financing~ Tax Increment and Other Public Assistance <br /> <br />Creation of Tax Increment District; Certification ........................................... 16 <br />Tax Increment Financing.. .... ...... ... ...... ......... ......... ......... .... ......... ............. ....... 16 <br />Submission of Eligjble Project Costs for Certification <br /> <br /> <br />and Sources and Uses.............................. .................................... ........ ......... 16 <br /> <br />Redeveloper Return............. .................... ..................................... ...... ........ ..... 17 <br /> <br />Determination of Land Prices........ .................. ......... .......... .................. ..... ...... 18 <br /> <br /> <br />Tax Increment Notes.................. .... ........... ...... .... ........................ ............... ..... 19 <br /> <br />Tax Increment Bonds............................................. .................. ......... .............. 20 <br />
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