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R2013-35 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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R2013-35 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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8/18/2015 3:31:48 PM
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8/18/2015 3:31:45 PM
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Resolution/Ordinance
Res Ord Num
R2013-35
Res Ord Title
RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT - CITY OF DECATUR/GRAND AVENUE TIF REDEVELOPMENT AGREEMENT
Department
Public Works
Approved Date
4/15/2013
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(b) Plans. Approval of the Plans and construction plans for the pursuant to <br /> Article II hereof. <br /> (c) Construction Contracts. Executed construction contracts covering the <br /> construction of the Project. <br /> i <br /> (d) Declaration of Covenants, Uses and Restrictions. Declarations of <br /> Covenants, Uses and Restrictions in the form attached hereto as Exhibit 4 <br /> executed by the Redeveloper covering the Project and the Project Site. <br /> (e) Project Financing. Evidence'of equity and/or debt financing for the <br /> Project in an amount sufficient to complete the Project. <br /> (f) Approvals. A certificate by the manager or authorized officer of the <br /> Redeveloper, as the case may be, that all of the approvals necessary to <br /> proceed with the Project as intended herein have been obtained including <br /> the approval of this Agreement <br /> 6.2 Conditions Precedent to Public Investment. The City's obligations with regard <br /> 'to the Project Revenues and Real Property Tax Increment portion of the Public <br /> Investment are subject to the adoption by the City of Tax Increment Financing for <br /> the Redevelopment Area. <br /> ARTICLE VII: OPERATION OF THE PROJECT <br /> 7.1 Operation and Maintenance of the Project. The Redeveloper for itself and its <br /> successors and assigns to the extent it retains ownership covenants that it will <br /> maintain the Project in good condition(reasonable wear and tear excepted) during <br /> the term of this Agreement. The Redeveloper shall operate the Project in a <br /> professional manner and will do all things reasonably necessary to operate the <br /> Project in substantial compliance with Applicable Law. <br /> ARTICLE VIII: REDEVELOPER COVENANTS AND RESTRICTIONS <br /> 8.1 Project Subject to Redevelopment Plan and Agreement. The Redeveloper <br /> agrees to comply with the terms and conditions of this Agreement and to use its <br /> �' P Y g <br /> best efforts to construct the Project subject to the terms, covenants, building and <br /> use restrictions, and other conditions in the Redevelopment Plan and this <br /> Agreement. <br /> 8.2 Non-discrimination. The Redeveloper shall not discriminate in violation of any <br /> applicable federal, state or local laws or regulations upon the basis of race, color, <br /> religion, sex, age, or national origin or other applicable factors in the sale, lease or <br /> rental, or in the use or occupancy of the Project or any part thereof. <br /> i <br /> 9 <br />
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