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TABLE OF CONTENTS <br />SectionPage <br /> Recitals ...................................................................................................................................... 1 <br />ARTICLE I <br />DEFINITIONS <br />1.1 Definitions. ................................................................................................................................ 2 <br />ARTICLE II <br />ACCEPTANCE OF PROPOSAL <br />2.1 Developer Designation. ............................................................................................................. 5 <br />2.2 Developer to Advance Costs. .................................................................................................... 6 <br />ARTICLE III <br />CONSTRUCTION OF THE REDEVELOPMENT PROJECT; CITY APPROVALS <br />3.1 Rights Regarding the RPA-1 Redevelopment Project and the RPA-2 <br /> Redevelopment Project. .......................................................................................................... 6 <br />3.2 Ownership of Property. ............................................................................................................. 7 <br />3.3 Developer to Construct the Redevelopment Project.................................................................. 7 <br />3.4 Concept Site Plan ...................................................................................................................... 8 <br />3.5 Construction Plans. .................................................................................................................... 8 <br />3.6 Certification of Substantial Completion. ................................................................................... 8 <br />ARTICLE IV <br />REIMBURSEMENT OF DEVELOPER COSTS <br />4.1 City’s Obligation to Reimburse Developer. .............................................................................. 9 <br />4.2 Reimbursements Limited to Reimbursable Redevelopment Project Costs; <br /> Developer’s Right to Substitute ........................................................................................... 10 <br />4.3 City’s Obligations Limited to Special Allocation Fund and Bond Proceeds .......................... 11 <br />ARTICLE V <br />TIF OBLIGATIONS <br />5.1 Issuance of TIF Notes .............................................................................................................. 11 <br />5.2 TIF Bonds ................................................................................................................................ 12 <br />5.3 Cooperation in the Issuance of TIF Obligations ...................................................................... 13 <br />5.4 City to Select Consultants; Term and Interest Rate ................................................................. 13 <br />ARTICLE VI <br />SPECIAL ALLOCATION FUND; <br />COLLECTION AND USE OF TIF REVENUES <br />6.1 Creation of Special Allocation Fund. ...................................................................................... 13 <br />6.2 Application of TIF Revenues. ................................................................................................. 14 <br />6.3 Cooperation in Determining TIF Revenues. ........................................................................... 14 <br /> <br />