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11.01 - TIF 1-9 Reassignment
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03-06-2012 Council Meeting
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11.01 - TIF 1-9 Reassignment
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� <br />TABLE OF CONTENTS <br />Pase <br />ARTICLE I - DEFIl�TITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 <br />Section l.l. Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 <br />ARTICLE II - REPRESENTATIONS AND WARRANTIES . . . . . . . . . . . . . . . . . . . . . 4 <br />Section 2.1. Representations and Warranties of the City . . . . . . . . . . . . . . . . . . . 4 <br />Section 2.2. Representations and Warranties of the Developer . . . . . . . . . . . . . . . 4 <br />ARTICLE III - LTNDERTAKINGS BY DEVELOPER AND CITY . . . . . . . . . . . . . . . . 6 <br />Section 3,1. Land Acquisition and Site Improvements . . . . . . . . . . . . . . . . . . . . . 6 <br />Section 3.2. Reimbursement: T� Increment Revenue Note . . . . . . . . . . . . . . . . . 6 <br />Section 3.3. Business Subsidies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 <br />ARTICLE IV - EVENTS OF DEFAULT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 <br />Section 4.1. Events of Default Defined . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 <br />Section 4.2. Remedies on Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 <br />Section 4.3. No Remedy Exclusive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 <br />Section 4.4. No Implied Waiver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 � <br />Section 4.5. Agreement to Pay Attorney's Fees and Expenses . . . . . . . . . . . . . . . 9 <br />Section 4.6. Indemnification of City . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 <br />ARTICLE V- DEVELOPER'S OPTION TO TERMINATE AGREEMENT ........ 11 <br />Section 5.1 The Developer's Option to Terminate . . . . . . . . . . . . . . . . . . . . . . . . 11 <br />Section 5.2 Action to Terminate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 <br />Section 5.3 Effect of Termination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 <br />ARTICLE VI - ADDITIONAL PROVISIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 <br />Section 6.1. Restrictions on Use . . . . . . . . . . . . . . . . . . .�. . . . . . . . . . . . . . . . . . 12 <br />Section 6.2. Conflicts of Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 <br />Section 6.3. Titles of Articles and Sections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 <br />Section 6.4. Notices and Demands . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 <br />Section 6.5. Counterparts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 <br />Section 6.6. Law Governing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 <br />Section 6.7. Expiration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 <br />Section 6.8. Provisions Surviving Rescission or Expiration . . . . . . . . . . . . . . . . 13 <br />Section 6.9. Assignability of Agreement and Note . . . . . . . . . . . . . . . . . . . . . . . 13 <br />Signatures.......................................................... 14-15 <br />Exhibits � <br />10870403 <br />
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