97-19 AUTHORIZING REDEVELOPMENT AGREEMENT Southeast Plaza

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4 ' ' �•! � , 'r � ' ' 'n�on and inure to the benefit of the parties hereto and its respective successors and � � assigns. 17. NO JOINT VENTURE, AGENCY, OR PARTNERSHIP CREATED Neither anything in this Agreement nor any acts of the parties to this Agreement sha11 be construed by the parties or any third person to create the relationship of a partnership, agency, or joint venture between or among such parties. 18. DEFINITION OF TERMS Any terms which are not defined in this Agreement shall have the same meaning as they do in the Act, unless indicated to the contrary. 19. TERM OF THE AGREEMENT This Agreement shall expire upon the expirarion of the Redevelopment Plan and the TIF District [adopted by the City] and the receipt of the tax increment. The Redevelopment Plan sha11 have the maximum term permitted by law at the time of its adoption or any extension permitted by law hereafter. If the Redevelopment Plan is scheduled to terminate prior to payment of all Eligible Project Costs, the City agrees to take all steps necessary to extend the term of the Redevelopment Plan for a time period sufficient to a11ow repayment of all Eligible Project Costs to the Developer and the term of this Agreement shall be extended for a corresponding period of time as allowed under the Act. 20. EXHIBITS All Exhibits attached hereto aze declazed to be a art of this A eement and are P S'�' incorporated herein by this reference. 21. ANNEXATION AGREEMENT MATTERS The parties acknowledge and agree that various rights and obligations with respect to the use and development of the Property are contained in the Annexarion Agreement and that a11 terms, conditions and provisions contained in the Annexation Agreement are incorporated into this Agreement and together shall be deemed a full integration of the entire agreement between the Parties. 22. NO RECORDATION The parties agree that this Agreement may not and sha11 not be recorded without 17