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5843
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1992
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5843
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Last modified
12/6/2004 2:48:07 PM
Creation date
11/5/2014 12:19:54 PM
Metadata
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Template:
City Ordinances
Passed
2/10/1992
Ordinance Number
5843
Bill Number
8054
Introdate
1/27/1992
Description
Adopting TIF funding for financing redevelopment actrivities w/i Olive Central TIF district, approving funding, authorizing a subaccount to finance, authorizing city to enter a loan agreement,
Introduced By
Schoomer
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Installments for the purposes set forth in this Agreement and any <br />other use permitted by law as contained in Ordinance No. <br />enacted by the City Council on February/0 , 1992. <br /> <br />Section 3. M~scellaneous. <br /> <br /> a. .This Agreement shall be taken and deemed to have <br />been fully executed, made by the parties hereto, in and governed <br />by the laws of the State of Missouri for all purposes and intent. <br /> <br />b. Time shall be of the essence in this Agreement. <br /> <br /> c. The terms and provisions of this Agreement shall <br />be binding upon the successors and assigns of the parties hereto <br />and shall inure to the benefit of the successors and permitted <br />assigns hereof. <br /> <br /> d. It is agreed by the parties hereto that this is <br />the entire agreement between the parties and that no other <br />agreements or representations other than those contained herein <br />have been made by the parties hereto. This Agreement shall be <br />amended only in writing and effective when signed by the <br />authorized agents of the parties hereto. <br /> <br /> e. The section headings herein are solely for <br />convenience and shall in no way be deemed to affect the meaning <br />or construction of any part hereof. <br /> <br /> f. . If any provision or provisions of this Agreement <br />shall be unlawful, then such provision or provisions shall be <br />null and void, but the remainder of the Agreement shall remain in <br />full force and effect and binding on the parties hereto. <br /> <br /> g. No amendment or waiver of any provision of this <br />Agreement nor consent to any departure by the City or the <br />Commission herefrom, shall in any event be effective unless the <br />same shall be in writing and signed by the Bank, and then such <br />waiver or consent shall be effective only in the specific <br />instance and for the specific purpose for which given. <br /> <br /> Section 4. Notices. All notices and other communications <br />provided for hereunder shall be in writing and mailed or <br />delivered by courier and directed as follows: <br /> <br />If to the City: <br /> <br />City of University City, Missouri <br />6801 Delmar Boulevard, Second Floor <br />University City, Missouri 63130 <br />Attention: Frank Ollendorff <br /> <br />STL-7777~ <br /> <br />- 3 - <br /> <br /> <br />
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