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05.02 - HRA West Grove Townhome Refunding
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04-03-2012 Council Meeting
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05.02 - HRA West Grove Townhome Refunding
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� <br />TABLE OF CONTENTS <br />Pa�e <br />ARTICLEI - Definitions .............................................................................................................3 <br />Section1.1. Definitions .................................................................................................3 <br />ARTICLEII - Representations .....................................................................................................5 <br />Section 2.1. Representations by the County HRA ........................................................5 <br />Section 2.2. Representations by the City HRA .............................................................5 <br />Section 2.3. Representations by the County ..................................................................5 <br />ARTICLE III - Project; Project Financing ....................................................................................6 <br />Section 3.1. Project Construction ..................................................................................6 <br />Section 3.2. Intentionally Omitted ................................................................................6 <br />Section 3.3. City HRA Pledge of Project Revenues ......................................................6 <br />Section 3.4. City HRA Additional Covenants ...............................................................6 <br />Section 3.5. City HRA Special Benefits T� ................................................................7 <br />Section 3.6. County HRA Payment of Operating Cost Definciencies ..........................8 <br />Section 3.7. Bonds of the County HRA ........................................................................8 <br />Section 3.8. Reimbursement of County and County HRA ............................................8 <br />Section 3.9. Project Management ..................................................................................9 <br />Section 3.10. Income Limitations ....................................................................................9 <br />'� <br />Section 3.11 Senior Limitations ...................................................................................10 <br />Section 3.12 Waivers of Senior or Income Limitations ...............................................10 <br />Section 3.13. Prior Approval and Notices .....................................................................10 <br />ARTICLE IV — Insurance; PILOT .............................................................................................12 <br />Section4.1. Insurance .................................................................................................12 <br />Section4.2. PILOT ......................................................................................................12 <br />ARTICLE V— Events of Default ...............................................................................................14 <br />Section 5.1. Events of Default Defined .......................................................................14 <br />Section 5.2. Remedies on Default ...............................................................................14 <br />Section 5.3. No Remedy Exclusive .............................................................................14 <br />Section 5.4. No Additional Waiver Implied by One Waiver ......................................14 <br />ARTICLE VI — Additional Provisions .......................................................................................15 <br />Section 6.1. Conflict of Interests; Representatives Not Individually Liable ...............15 <br />Section 6.2. Equal Employment Opportunity .............................................................15 <br />Section 6.3. Restrictions on Use ..................................................................................15 <br />Section 6.4. Titles of Articles and Sections .................................................................15 <br />Section 6.5. Notices and Demands ..............................................................................15 <br />Section6.6. Counterparts ............................................................................................16 <br />Section6.7. Recording ................................................................................................16 � <br />Section 6.8. Bank Qualification ..................................................................................16 <br />400724v1 CR195-11 <br />
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