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I -- <br /> i <br /> RECITALS....................................................................................................................................1 <br /> I <br /> ARTICLE I: DEFINITIONS.......................................................................................................2 <br /> ARTICLE II: DEVELOPMENT OF THE PROJECT.............................................................3 <br /> 2.1 Development of the Project........................................................................................................3 <br /> 2.2 Progress Reports.........................................................................................................................3 <br /> 2.3 Plans.............................................................................................................................................4 <br /> 2.4 Changes in Plans.........................................................................................................................4 <br /> 2.5 Final Site Plan.............................................................................................................................4 <br /> 2.6 Construction Plans......................................................................................................................4 <br /> 2.7 Amended Construction Plans....................................................................................................4 <br /> 2.8 Commencement and Completion Requirements.....................................................................4 <br /> 2.8.1 Commencement......................................................................................... ..........5 <br /> 2.8.2 Completion.............................................................................................................................................5 <br /> 2.9 Certificate of Completion...........................................................................................................5 <br /> 2.10 Form of Certification..................................................................................................................5 <br /> 2.11 Quality of Construction and Conformance to Federal,State and Local Requirements......5 <br /> 2.12 Utilities.........................................................................................................................................5 <br /> 2.13 Insurance.....................................................................................................................................6 <br /> 2.13.1 Liability Insurance Prior to Completion.............................................................................................6 <br /> 2.13.2 Builder's Risk Prior to Completion.....................................................................................................6 <br /> 2.14 Lien Waivers...............................................................................................................................6 <br /> 2.15 Rights of Inspection....................................................................................................................6 <br /> ARTICLE III: CITY OBLIGATIONS.......................................................................................7 <br /> 3.1 Public Investment.......................................................................................................................7 <br /> 3.2 Zoning..........................................................................................................................................7 <br /> 3.3 Easements....................................................................................................................................7 <br /> ARTICLE IV: PUBLIC INVESTMENT ...................................................................................7 <br /> 4.1 Public Investment.......................................................................................................................7 <br /> 4.2 Adjusment of Public Investment...............................................................................................7 <br /> ARTICLE V: PROJECT REVENUE FINDINGS....................................................................8 <br /> 5.1 Economic Incentive Agreement.................................................................................................8 <br /> 5.2 Findings.......................................................................................................................................8 <br /> ARTICLE VI: CONDITIONS PRECEDENT TO CITY OBLIGATIONS AND ONGOING <br /> BENEFITS.....................................................................................................................................8 <br /> I Prepared by Jack B. Teplitz&Associates. i <br />