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incidental to the use of or resulting fi•om auy accident occurring in or about the Project or <br /> the improvements or the eonstcuction and improvement tl�ereof. Eael� such policy shall <br /> name the City as coinsw•eds and shall contain at� affirmative statement by the issuer that <br /> it will give written �iotice to the City at least thirty(30} days prior to any cancellatiou or <br /> amendment of its policy. <br /> 2.14 Lieu Waivers. All contracts for construction of the Project shall provide that all <br /> contraetors and subcontractors shalt furnish eontractor's aff'idavits in tlie form p�•ovided <br /> by state stat�ite and that waiver of liens be required for all payments made. <br /> 2.15 Rights of Ltspection. During construction of the Project, the City or its designee shall <br /> have tha right at any tiine and from time to time to enter upon the Pcoject for the purposes <br /> of inspection. Inspection by the City of the Project shall not be constcued as a <br /> repc•esentation by the City that there has been compliance with the Construction Pla►is or <br /> any buildin�or life safety codes adopted by the City; or that the Project will be or is fi•ee <br /> of faulty materials or workmanship, or a waiver of any right the City or any otl�er party <br /> may l�ave agaiizst tl�e Redeveloper or any other party for noncompliance with the <br /> Construction Plans, Preliminacy Plans, building or life safety codes or any otl�er <br /> ot�dinances of the City or the terms of this Agreement. <br /> ARTICLE III: CITY OBLIGATI4NS <br /> 3.1 PuUlic I�ivestment. The City shall pcovide the Public Investment pursuant to Article IV <br /> below. <br /> 3.2 Zoning. It is contemplated by the City and the Redeveloper that the Project shall have a <br /> zoning classification which will permit the use of the Project as intended by this <br /> Agreement and which is in conformance to the General Land Uses set forth in the <br /> Redevelopment Plan. The Redeveloper has applied to the City for approval of B-3 <br /> Planned Shopping Center for the Project Site and such zoning request is deemed to be <br /> approved. <br /> 3.3 Ease�nents. The City agrees to grant such temporary easements to tl�e Redevelopet• as <br /> necessary for tlie constrtiictio�l and completiou of the Project or any phase thereof. <br /> ARTICL�IV:PUBLIC INV�STM�NT <br /> 4.1 Public Investment. The City wijl provide a reimbu�seme�rt for Project Costs to be paid <br /> from Real Estate Tax Increment and Project Revenues for each calendar year received by <br /> tl�e City from the Project Site as set foith below. The Rea1 Estate Tax [ncrement shail be <br /> utilized to reimburse the Redeveioper for those eIigible Project Costs that are set forth iiz <br /> Section 3 of the Act which are more fulIy described on Exliibit 3 attached hereto and <br /> made a part hereof,including the cost of the acquisition of Real Property: <br /> a. Subject to full reimbursement of eligible Project Costs, commencing in the yeac <br /> following the year in which substantial completion of the Project oc the first <br /> phase thereof has occu�red and continuing ut�til and including the year 2034, the <br /> Redevelopec shall receive no later than January 15'�` of each year an amount <br /> ec�ual to One Hundred (100%) Percent of the Real Property Tax Increment for <br /> the previous calendar year actuaily received by the City. <br /> City of Decatur/Pines Shopping Center Redevelopment Agreement 6 <br />