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_ , , , �, .. ; a� �, � 24PG � 0 � <br /> reimburse Developer for all eligible Redevelopment Project Costs (as defined in the Act) that <br /> Developer incurs in connection with the acquisition, redevelopment (including without <br /> limitation, demolition, site preparation, installation of utilities, construction of public <br /> improvements, etc.), financing and use of the property due to the extremely high cost of <br /> developing this site which would otherwise not be possible to develop in a cost-effective manner. <br /> A preliminary description and estimate of these costs are incorporated herein and made a part <br /> hereof in Exhibit 3. The reimbursement of eligible redevelopment project costs is subject only to <br /> funds being available in the Special Tatc Allocation Fund for Reimbursement. SUCH <br /> REIMBURSEMENT OBLIGATION SHALL BE A LIMITED OBLIGATION OF THE CITY <br /> PAYABLE ONLY FROM TAX INCREMENT AVAILABLE FOR SUCH PURPOSE UNDER <br /> THE PROVISIONS OF THIS AGREEMENT. <br /> M. The City has agreed to evidence certain obligations to reimburse Developer for <br /> Redevelopment Project Costs Developer incurs (other than Developer's interest costs) by the <br /> execution and delivery to Developer of one or more special tax increment revenue notes <br /> (hereinafter referred to individually as a "Note" and collectively as "Notes") in substantially the <br /> form attached hereto as Exhibit 4. <br /> N. This Agreement has been submitted to the Corporate Authorities for consideration and <br /> review, and the Corporate Authorities have taken all actions required to be taken prior to the <br /> execution of this Agreement in order to make the same binding upon the City according to terms <br /> hereof. <br /> AGREEMENTS <br /> NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and <br /> agreements herein contained and other good and valuable consideration, the receipt and <br /> sufficiency of which is acknowledged, the Parties agree as follows: <br /> ARTICLE I <br /> MUTUAL ASSISTANCE <br /> The parties agree to take such actions, including the execution and delivery of such <br /> documents, instruments, petitions and certifications, as may be necessary or appropriate, from <br /> time to time, to cany out the terms, provisions and intent of this Agreement and to aid and assist <br />' each other in carrying out said terms, provisions and intent. <br /> ARTICLE II <br /> RECITALS PART OF AGREEMENT <br /> l. The representations, covenants and recitations set forth in the foregoing recitals <br /> are material to this Agreement and are hereby incorporated into and made a part of this <br /> Agreement. <br /> Page 3 of 29 <br />