R2005-49 AUTHORIZING DEVELOPMENT AGREEMENT Near North

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scheduled by Developer or DHA or at special request of the City, and attempt to be responsive to such resident and community input. 2.1.10 Pubtic Relations. Developer shall provide support as necessary and at no out- of-pocket expense to Developer,to the DHA-and City-lead public relation efforts,including press releases and publicity events. 2.2 Phase II Components. Developer shall develop and complete the Phase II Rental Component,the Phase II Infrastructure Component and the Phase II Homeownership Component in conformity with the requirements of this Agreement, subject to the following: 2.2.1 Phase II Rental Component. 1'75 Rental—68 public housing units, 87 tax credit units and 20 market rate units, or as otherwise modified and agreed upon by the parties. 2.2.2 Phase II Infrastructure Component. The "Phase II Infrastructure Component" is treated as a distinct Component herein only for the purpose of establishing distinct requirements related to its development. This Phase II Infrastructure Component shall further be divided into Private Infrastructure Improvements,Public Infrastructure Improvements,Public Street Improvements,and Public Landscape Improvements as defined in Exhibit C hereto. It is anticipated that the primary source of cash funding for the Phase II Infrastructure Component will be provided by the City ("Phase II Infrastructure Funds"). The City will provide up to Four Million Four Hundred Forty-Five Thousand Eight Hundred and Sixty-Four pollars($4,445,864.00). DHA and the City shall commit to a coordinated review process. The Phase II Infrastructure Funds are to be used as set forth on Exhibit N attached hereto. A condition precedent to the performance of the Phase II Infrastructure Component shall be DHA's and the City"s prior approval of all such work and DHA's and the City's prior approval of the plans for such work. The City's additional obligations regarding the Phase II Infiastructure Component are further described in Section 3.2 of this Agreement. The Phase II Infrastructure Funds(less One Hundred Fifly Thousand Dollars($150,000)to be used for reimbursemendpayment of the City's third party costs/expenses) will be loaned to the Developer or Owner Entities on such fmancing terms as Developer and the City shall determine,as set forth in Section 3.11 of this Agreement. DHA will loan the Developer up to seventy-five percent (75%) of third party Phase II Infrastructure Component predevelopment expenses incurred by the Developer,provided the total loan amount does not exceed Two Hundred Fifty Thousand Dollars ($250,000), and the City executes a loan guarantee agreement with DHA, with collateral perfected by source of funds identified(the"Phase II Infrastructure Predevelopment Loan"). DHA will have a call position on City sources of funds identified as collateral in the event that closing or construction aze not achieved in accordance with the Revitalization. Otherwise, the full amount of loaned predevelopment expenses advanced by DHA will be repaid to DHA from City funds listed above,in cash at the time of closing. The City is only obligated to guazantee such pre-development loan to the 12 INDY 1566592v.2