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Exhibit B attached hereto and incorporated by reference (which property as it i~ so purchased shall hereinafter be referred to as the "Property"), and to pay such relocation benefits with respect to such Property as the Commission shall determine necessary or proper; (ii) to demolish all existing structures located in, on or about the Property~ (iii) to perform such other work or services connected to or associated with the Property as the Commission deems necessary or desirable for the development of the Property; and (iv) to carry out such other objectives of the Plan as the Commission shall determine which (a) are authorized by the Plan and the Act, and (b) will not cause the interest on the Note to be included in the Bank~s gross income for federal income tax purposes. WHEREAS, Bank desires to loan said sum to City and city and the Commission d~sire to receive said sum in two (2) equal annual installments. Agreement NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: Section 1. Loan and SecuritW for Loan. Bank hereby agrees to lend to City the sum of $412,500.00 (the "Loan Amount") as evidenced by that certain Tax Increment Anticipation Note executed and delivered by City to Bank as of even date herewith in the form attached hereto as Exhibit ~ and incorporated herein by this reference (the "Note"), said Note being secured by the City's pledge of, and grant to Bank of a security interest in, all monies now or hereafter deposited in the Account as provided in that certain Pledge Agreement by and between City and Bank dated as of even date herewith, in the form attached hereto as Exhibit ~ and incorporated herein by this reference. Section 2. Annual Installments. Bank shall advance the Loan Amount to City in immediately available funds in two (2) annual installments of Two Hundred Thousand and 00/100 Dollars ($200,000.00) and Two Hundred Twelve Thousand Five Hundred and 00/100 Dollars ($212,500.00), respectively (the "Annual Installment"). City hereby acknowledges receipt of the first Annual Installment as of even date herewith. Bank shall pay the second Annual Installment to City on February , 1993. 1. Donation to Commission. City shall donate the proceeds of the Note to the Commission and shall deliver the first Annual Installment to the Commission on the date hereof. City shall deliver the second Annual Installment to the Commission on receipt from the Bank. The Commission shall use the Annual STL-77779 - 2 -