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Minimum Improvements. The Redeveloper will be responsible for <br />obtaining all land use and zoning approvals. <br />{Special Assessments: The Red�velopment <br />A�reerr�ent will specifv the amount and ��r�iL7+��.� ���7L',w4 , if anv, of <br />special assessments to be levied against the Redevelopment Property <br />�,� �au��,- r• � �iV}� a�;r-��n it�rr�� ill �titiM <br />�-!�� n ��Li? 7,'�-'-r�i'.�'-'.'r'c.-r'.is� 5liz�kt����� <br />Park Dedication Feel <br />Public Open Space Contrib <br />Business Subsidy Act: <br />f�•l�rr�4�'61.Mtirf1��FT=�. level, amount and distribution of �ark <br />dedication fees associated with the Pro�ect will be substantiallv in <br />conformance with Rosevilie Citv Code Sec. ll03.07 and will be set <br />forth in the Redevelopment A�reement. <br />Except for reporting requirements, the Project is exempt from the <br />application of the Business Subsidy Act. <br />Relocation of Tenants: The Redeveloper will provide relocation services and benefits for all <br />eligible tenants of the Redevelopment Property. The Redeveloper <br />may, in lieu of funding such services and benefits for a tenant, <br />provide a written waiver by that tenant. Such waiver must be in a <br />form acceptable to the City. The Redeveloper will indemnify the City <br />for any relocation liabilities arising under applicable law with respect <br />to any portion of the Redevelopment Property. <br />Prohibition on Tax Exemption:4nce acquired by the Redeveloper, the Redevelopment Property and <br />Minimum Improvements will not become exempt from ad valorem <br />property taxes until teimination of the TIF District. This covenant <br />will be contained in a declaration of restrictive covenants to be signed <br />by the Redeveloper and recorded against the Redevelopment <br />Property. <br />Effect of Term Sheet: This Term Sheet outlines the terms under which the parties are <br />willing to enter into a Redevelopment Agreement, but does not <br />constitute an offer or acceptance on either party's part. All rights and <br />obligations with respect to the Redevelopment Property will only be <br />as provided for in a Redevelopment Agreement approved by the City <br />Council and the Redeveloper. <br />�: ,�.�, �.- ti•�•rti�SL�'I_�' ! °.�.�� r�t.l ,yl R- �'aD�— <br />�� <br />