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2015_0511_CCPacket
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2015_0511_CCPacket
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Attachment B <br />(e) No later than thirty (30) days after the effective date of this Agreement, <br />submit to the City the Developer's financing plan, which shall at a minimum include all <br />sources and uses of financing setting forth all private and public financial assistance in any <br />form (including reduced land cost, waiver of fees, and tax increment financing), establishing <br />that such assistance is reasonably necessary to make the Development financially feasible. <br />(� No later than thirty (30) days after the effective date of this Agreement, <br />furnish satisfactory financial data to the City evidencing the Developer's abiliry to undertake <br />the Development, including without limitation a written commitment from the provider of <br />any private financing. <br />(g) No later than sixty (60) days after the effective date of this Agreement, <br />proceed with appropriate land use and zoning applications, including without limitation <br />an updated application for re-platting of the Property and other administrative <br />proceedings necessary to the negotiation and execution of a definitive Contract for the <br />Development. <br />4. During the term of this Agreement, the City agrees to: <br />(a) Commence the process necessary to undertake such public assistance as is <br />necessary pursuant to the terms of the Proposal, including without limitation <br />commencement of actions necessary to create a tax increment financing district that includes <br />the Property. <br />(b) Proceed to seek all necessary information with regard to the anticipated <br />public costs associated with the Development. <br />(c) Estimate the City's level and method of financial participation, if any, in the <br />Development and develop a financial plan for the City's participation. <br />(d) Grant to the Developer a right of access to the Property for purposes of <br />environmental and soil testing, as well as lawful marketing signage. Developer agrees to <br />indemnify, save hannless, and defend the City and the Authority, their officers, and <br />employees, from and against any and all claims, actions, damages, liability and expense <br />in connection with personal injury and/or damage to the Property arising from or out of <br />any occurrence in, upon or at the Property caused by the act or omission of the Developer <br />in connection with Developer's entry on the Property. Further, Developer shall not <br />permit any mechanics', materialmens' or other liens to stand against the Property or any <br />part thereof for work or materials furnished to Developer in connection with the right of <br />entry granted pursuant to this Agreement and Developer agrees to indemnify, defend and <br />hold harmless the City and Authority from and against the same. <br />(e) Proceed with appropriate approval processes in response to the <br />Developer's land use, zoning, and re-platting applications regarding the Property, and <br />other administrative proceedings necessary to the negotiation and execution of a <br />3 <br />
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