R2009-228 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT

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do all things i�easonably necessary to operate the Project in substantial compliance with Applicable Law. ARTICLE VIII:R�DEVELOPER COVENANTS AND TL�STRICTIONS 8,1 Project St�bject to Redevelo��meut Plan and Agreement. The Redeveloper a�rees to comply with the tercns and conditions of tliis Agreement and to use its best efforts to construct the Project subjeet to the terms, eovenants, building and use restrictions, and othec conditions in the Redevelopment Plan and this Agreement. 8.2 Non-discrimit�ation. The Redeveloper shall not discriminate in violation of any appiicable federal,state or local laws or regulations upon the basis of race,color,religion, sex, age,or national origin or other applicable factors in the sale, lease or i�ental,or in the use or occupancy of the Project or any part thereof. 8.3 Property Taxes. Redeveloper acknowledges that the City in executing this Agreement has �•elied upon its reasonable expectation that the constivctioai and operation of ihe Project will inecease the amount of real propet�ty taxes with respect to the Project and the Pl•oject Site. Tl�e Redeveloper covenants that in the event it applies for, seeks, or authorizes any exemption fi•om the imposition of general i�eal pcoperty taxes on the Project or Project Site, or any por�tion ther•eof, and, as a 1•esult thereof, the propet�ty taxes are not or will not be paid with respect to the Project or the Project Site, or a poition thereof,the City,no less than sixty(60)days after written notice to the Redeveloper,shall be entitled to rescind the grant of benefits by the City to the Redeveloper pursuant to this Agreement and after such rescission the Rede�eloper shall proinptIy reimburse tiie City for the cost of all the benefits granted by the City to the Redeveloper putsua�it to this Ag��eement that have theretofore been received by the Redeveloper, Notwithstanding the above, if,within sixty(60) days following the receipt of the written uotice fi•om the City to the Redeveloper, tlie Redeveloper takes such action as is necessary to void such application for, attempt for, or suthorization of such exemption fi�om the imposition of general real propeirty taxes on the Pcoject or tlie Pcoject Site, or a pai�tion thereof, the City's rigl�t to rescind, pucsuant to this provision, the gcant of benefits shall be null and void and the Redeveloper shall not be obligated to convey, cepay or otherwise reimburse the City for any bene�fs granted and ceceived puisuant to this Agreement. Nothing herein sha11 be construed so as to prevent the City from enforcing any other rigl�ts it may have pursuant to this Agree�nent. Also,nothing herein shall be constcued so as to prevent the Redeveloper fi�om otherwise contesting the assessment or collection of any real property taxes Lmder procedures set fort(i in the laws of die State of [Ilinois or any political subdivision thereof, provided tl�at the Redeveloper gives the City fifteen (15) days prior written notice of its intent to contest the assessment or collection of real property taxes; provided, however, that the Redeveloper covenauts and agrees that nothing contained herein shail relieve the Redeveloper fi•om complying with all laws, ivles and cegulations of the State of Illinois aud any political subdivision tl�ereof pertaining to the levy and collection of said general real estate taxes. This Section 9.3 shall be an obligation of the Redeveloper (or assignee of the Redeveloper or subsequent Owner of the Project or Project Site or any po►tion thereof, as the case inay be) only durii�g tl�e period that the Redeveloper (or assignee of the Redeveloper oc subsequent Owner of the Project or Project Site or any portion thereof, as the case may be) owns a direct or indirect interest in the Project or Project Site or any poition thereof. City of Decatur/Pines Shopping Center Redevelopmeat Agreement 9