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y y Section 4 . Financing. If the Redeveloper in accordance with the Inducement Resolution elects to finance the rehabilitation, improvement and equipping of the Project Area with the proceeds of the Authority's tax-exempt revenue bonds in an amount not to exceed $1,000, 000, the Redeveloper and the Authority agree to execute and deliver all such other docu- ments, including a Loan Agreement and an Indenture of Trust, necessary or appropriate for the purpose of effectuating the financing contemplated by the Inducement Resolution. The Authority will cooperate with the Redeveloper to the fullest extent possible in structuring, applying, obtaining and admin- istering the financing. f Section 5. Real Estate Taxes . (a) The City agrees to undertake all actions neces- sary to implement the provisions of Section 353 .110 Revised Statutes of Missouri, 1969, for the fifteen ( 15 ) year period after the date upon which the Redeveloper acquired the real property in the aforesaid blighted area. i (b) Thereafter , for all years following the said initial fifteen (15) year period, the Redeveloper, for itself and on behalf of its successors and assigns, hereby elects to pay full taxes based on to full true value of the real property t including improvements thereon. (c) In the event of the sale or other disposition of any real property of the Redeveloper, its successors or assigns, by reason of the foreclosure of any mortgage or other lien, through insolvency or bankruptcy proceedings, or by order of any court of competent jursidiction or by voluntary transfer or conveyance, the partial tax relief provided for in sub- section (a ) of this paragraph, shall inure to the benefit of any purchaser or purchasers who shall continue to use, operate and maintain such real property in accordance with the provi- sions of the Redevelopment Plan. f Section 6. Signs . Signs upon the Project Area shall x conform to the requirements of the sign ordinances of the City as amended to the extent such ordinances apply. 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 t Tax Laws, in connection with the property or in connection with -3- t