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' ` <-{#:�C►?{ . �;��-.s �°c't is;= . Ea�`� <br /> I <br /> K. In consideration of the actions described in P agraph E above and in <br /> consideration of the execution of'this Agreement, the Developer v��ill proceed with acquisition of <br /> the site ana cominencement of tlie Private Development and related c sts. <br /> � <br /> L. To f;��:ilitate the development of the Developer's S�ite, and subject to and in <br /> accordance with the terms of this t�gre�ment and the limitations her' inafter stated, the City has <br /> agreed to reimb�.�rsc; Dev�loper, by endorsing a TIF Note from ti�ne to time for the agreed <br /> Eligible R�de��eii>pment Pruject Costs (as defined in the Act) that De eloper incurs and advances <br /> in connection with th� acq�.zisition, redevelopment (including withou limitation, demolition, site <br /> pr�paration, installati�n of��tilities, construction of public improveme ts, etc.), financing and use <br /> of�the Develope��'s Site due to the extremely high cost of de��eloping he Developer's Site which <br /> ���ould otherwise not be possible to develop in a cost-effective manne . A preliminary description <br /> and estimate of the l:ligihle Redevelopment Project Costs are inco orated herein and made a <br /> part hereof in Exhibit_�. T'he reimbursement of Lligible Redevelopm�nt Project Costs is subject <br /> only to funds being available in a special account (as hereiu �ro��id�ed for) of the Speei�tl Tax <br /> Allocation Fund for such reimburse�nent (or other payment hereu der). SiJCH TIF 1►��JT'ES <br /> �1ND REIMBt?RSEIVIEN'1' OBLIUATIONS SHAI,I� BE SP�CIAL Al�'D LIM,�;I'ED <br /> OBLIUATIONS OF TF�L CI'1'Y PAYABLE ONLY FRO1�7 INC�Eiv1ENTAL PR�'I'�' <br /> 'I'AXES A"v'AILABLE rOR SUCH PCTRPOSE U1�iDER TI�E 'PK�VISIUNS (�`�iS <br /> .�(1RE,I�:MI:NT, :�1ND Nn[' C�7'HCRWISE. <br />, M. '�'h� t"��; has agreed to evi�ence certairi obtigati ns to pa��, or rein�'r+urse <br /> Ueti eluper for, Eligibli Kcaevelopment Project Costs Ueveloper incu�rs (ot��er than Developer's <br /> ���tLr�;st �_o�t,) b�• the execulion ��nd delivery to Developer of o�Xe or mare "I'IF' Nates in <br /> su1>>tan;ially the f'�rm attacr,ed heret� as T?�:f�ibit 4. <br /> `�, �I�IIi� Agreement l�as been subrnitted to t}te Corporate Author�ties ior consideration and _ . <br /> revie��•, and the Corporate Authoi�ities ha�-e taken all actions require� to �e taken prior to the <br /> exeeution ot'this Agreement ir► c�rder to make the same binding upon tk3e City accordinb to terms <br /> l�ereo f�. <br /> AGREEMENTS <br /> NOW, THF,REFORE, IN CONSIDF,RATION OF THE F REGOING AND THE <br /> MUTLTAL COVENANTS AND AGREEMENTS HER�:IN CO A1NED AND OTAER <br /> GO011 AND VALUABLE CUNSIDERATION, THE REC:EIPT ND SUFFICIENCY OF <br /> V1�'HICH IS ACKNOVVLEDGED, THE PARTIF.S AGREE, as follc�ws: <br /> ', <br /> ARTICLE I I <br /> MUTUAL ASSISTANCE � <br /> 7 he parties agree ta take such actions, ;ncluding the execut on and delivery of sucl� <br /> dc>cuments, instruments, petitions ar�u� certifications, as ma�� t�e nece sary or appropriate, from <br /> ' <br /> Page 3 of 32 <br />