5405 - Laserfiche WebLink

Home Browse Search

Section 7. Limitation on Governmental Assistance. Redeveloper agrees and affirmatively covenants for and during the term hereof that it will not accept nor apply for any direct or indirect governmental funding or assistance, whether local, County, state or federal, other than the assistance obtained from the Authority, the City of University City or any instrumentality thereof or benefits arising under the Internal Revenue Code of 1954, as amended, and/or the Missouri Income Tax Laws, in connection with the property or ~n connection with the use, operation, maintenance, repair, or leasing of same without first obtaining the prior written approval of the Authority as to the specific funding or assistance to be utilized by the Redeveloper. Section 8. Site Plans. The Redeveloper has submitted to the Authority site plans (the "Site Plans") for the improve- ments to be constructed on the Project Area. The Site Plans may be modified by the Redeveloper after approval thereof in writing by the Authority as design and construction progress so long as the Site Plans as modified are in substantial confor- mity with the provisions of the Plan, the Proposal, this Agreement and applicable State and local laws and regulations. Section 9. Timing. Construction on the Project Area will begin in September of 1983, and it is presently intended that it will be completed prior to December 31, 1984, subject to the following extensions: (a) Financing is not available to the Redeveloper in such amounts and at such interest rate and upon such other terms, provisions and conditions as are acceptable to the Redeveloper; provided, however, that any extension of this subparagraph shall not extend beyond December 31, 1984; (b) Failure of the City to grant site plan approval within thirty (30) days following submission of an application (acceptable to the City for site plan approval; or (c) Any other cause beyond the reasonable control of the Redeveloper as set forth in Section 11. Section 10. Certification of Completion of Improve- ments. Promptly after the Redeveloper has notified the ~Authority in writing of the date on which the construction of the improvements have been completed in accordance w-lth the Plan, the Site Plans, and this A~reement, the Authority shall certify that construction of the improvements has been so completed; provided the issuance of an occupancy permit, stating that the entire building has been completed, shall constitute conclusive evidence of the completion of the facility in accordance with the Plan and the Site Plans. If the Authority shall refuse or fall to provide certification in accordance -5-