05.02 - HRA West Grove Townhome Refunding

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TABLE OF CONTENTS Pa�e ARTICLEI - Definitions ......................................................:......................................................2 Section1.1. Definitions .................................................................................................2 ARTICLEII - Representations .....................................................................................................4 Section 2.1. Representations by the County.HRA ........................................................4 Section 2.2. Representations by the City HRA .............................................................4 Section 2.3. Representations by the County ..................................................................4 A.RTICLE III - Project; Project Financing ....................................................................................5 Section 3.1. Proj ect Construction ..................................................................................5 Section 3.2. City HRA Deposit of Additional Funds ....................................................5 Section 3.3. City HRA Pledge of Project Revenues ......................................................5 Section 3.4. City HRA Additional Covenants ...............................................................5 Section 3.5. City HRA Special Benefits Tax ................................................................6 Section 3.6. County HRA Payment of Operating Cost Definciencies ..........................7 Section 3.7. Bonds of the County HRA ........................................................................7 Section 3.8. Reimbursement of County and County HRA ....................... ..................... Section 3.9. Project Management ..................................................................................8 Section 3.10. Income Limitations ....................................................................................8 Section 3.11. Prior Approval and Notices .......................................................................9 ARTICLEN — Insurance; PILOT .............................................................................................10 Section4.1. Insurance .................................................................................................10 Section4.2. PILOT ......................................................................................................11 ARTICLE V— Events of Default ...............................................................................................12 Section 5.1. Events of Default Defined .......................................................................12 Section 5.2. Remedies on Default ...............................................................................12 Section 5.3. No Remedy Exsclusive ...........................................................................12 Section 5.4. No Additional Waiver Implied by One Waiver ......................................12 ARTICLE VI — Additional Provisions ........................................................................ Section 6.1. Conflict of Interests; Representatives Not Individually Liable Section 6.2. Equal Employment Opportunity .............................................. Section 6.3. Restrictions on Use ................................................................... Section 6.4. Titles of Articles and Sections .................................................. Section 6.5. Notices and Demands ............................................................... Section6.6. Counterparts ............................................................................. Section6.7. Recording ................................................................................. Section 6.8. Bank Qualification ................................................................... EMT-238666v5 i CR195-4 .............13 .............13 .............13 .............13 .............13 .............13 .............14 .............14 .............14 � � ''1