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(B)that the Project will serve to further the development of adjacent areas; <br /> (C)that without this Agreement's economic incentive features,the(Project will not <br /> have been possible; <br /> (D)that the Redeveloper who is a party to this Agreement,meets high standards of <br /> creditworthiness and financial strength as demonstrated by: specifi evidence of <br /> equity financing for not less than 10%of the total project costs or ly a letter from a <br /> lender having more than Ten Million($10,000,000)Dollars in assets attesting to the <br /> financial strength of the Redeveloper; <br /> (E)that the Project,will strengthen the commercial sector of the City; <br /> (F)that the Project,will enhance the tax base of the City; and <br /> (G)that this Agreement's economic incentive agreement feature is made in the best <br /> interest of the City. <br /> IN WITNESS WHEREOF, the parties hereto have executed this Agreemekit and caused their <br /> respective seals to be affixed and attested thereto as of the date first above written. <br /> CITY OF DECATUR HARRISON MANAGEMENT( GROUP LLC, an <br /> an Illinois municipal corporation Illinois Limited Liability Company <br /> By: By: <br /> Michael T.McElroy John Harrison <br /> Mayor of Decatur Agent <br /> Attest: <br /> By: <br /> Linda Swartz <br /> City Clerk <br /> DRAFT-City of Decatur/Harrison Management Group LLC Redevelopment Agreement 23 <br />