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TABLE OF <br /> CONTENTS <br /> Pa�e <br /> ARTICLE VI: CONDITIONS 1'I2ECED�NT TU CITY OBLIGATIONS AND ONGOING <br /> BENEFITS.....................................................................................................................................8 <br /> 6.1 Co�tditions Precedent to Transaction...........................................:...........................................8 <br /> 62 Conditions Precedent to Real Pro�erty Tax Ittcrement.........................................................8 <br /> ARTICLE VII: OPERATION OF THE PROJECT.................................................................8 <br /> 7.1 Operation and Maintenance of tlie Project..............................................................................S <br /> ARTICLE VIII: REDEVELOl'ER COVENANTS AND RESTRICTIDNS..........................9 <br /> 8.I Project Subject to Redevelopment Plau and Ag�•eement........................................................9 <br /> 8.2 Non-discrimination....................................................................................................................9 <br /> 8.3 Property Taxes...........................................................................................................................9 <br /> 8.4 Du►•ation of Covenants............................................................................................................. 10 <br /> 8.5 Covenants Running with tl�e Land......................................................................................... 10 <br /> 8.G Covenants Binding for the Benefit of Town........................................................................... 10 ' <br /> 8.7 Forms of Covenants and Restrictions..................................................................................... 10 <br /> ARTICLE IX: INDEMNIFICATION...................................................................................... 10 <br /> 9.1 Redeveloper Indemnification of tlie City...............................................................................10 <br /> 9.2 City Indemnification of the Redeveloper...............................................................................ll <br /> ARTICLE X: PROHIBITIONS AGAINST ASSIGNM�NT AND TRANSFER................. 12 <br /> 10.1 Prohibition Against Transfer of Project and Project Site Prior to Completion of <br /> Constructiai.............................................................................................................................12 <br /> 10.1.1 Prohibitions........................................................................................................................................ 12 <br /> 10.1.2 Conditions for Approval................................................................................................................... 12 <br /> 10.2 Transfcr of Project After Completion of Construction........................................................ 13 <br /> 10.3 Status of Assig�xee..................................................................................................................... 14 <br /> 10.4 Assignment to Affiliated Entity...............................................................................................14 <br /> 10.5 No Release of Redeveloper...................................................................................................... 14 <br /> ARTICLE XI: DEFAULT AND R�MEDIES......................................................................... 14 <br /> 11.1 Events of Default......................................................................................................................14 <br /> 11.1.1 MisrepresentaEion.............................................................................................................................. 14 <br /> 11.1.2 Breach................................................................................................................................................. ]4 <br /> 11.2 Remedies Upon Default...........................................................................................................14 <br /> 11.3 Othee•Rights and Remedies of City and Redeveloner: Dclay in Perfor�nance Waiver.....15 <br /> 11.3.1 No Waiver by Delay........................................................................................................................... 15 <br /> 11.3.2 Rights�nd Remedies Cumulative.................................................................................................... 1S <br /> 11.3.3 Detay in Performance........................................................................................................................ 15 <br /> City of Decatur/Pines Shopping Center Redevelopment Agreement ii <br />