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<br />(1\) It is -1~Re.y-are daIy a1:l-thorizoo, exeRted ana ~sting in good staRdHtg ander the <br />laws ofthe8tate and is tIal)" titlaHfied aHa autll.arized to earry OR the gO'/emmefltal maatieBs and <br />epemtioos as eontemplatea ~ 1:his f~gFeemeftt. <br /> <br />(B) It has They have the flower, aath.arlty aad legal right te eater is.te Mid perform this <br />A-gt:eement _ 1;Re e!C-eeuti0R, deli~:ery and. perfermaM8 aefeof (i) ha~:e bees duly authorized, <br />(ii) will oot, to the best of its kaov:ledge, \ie1ate sy applieaale Jaa.gm.mt, erdef, law or <br />regalatiaa. sd (iii) dees Bet eeBstitllte a ciefault under, Sf faBUk in the eR'latWn af, any neB, <br />ehMge, eftcumeranee or seaarity iBterest UpOB any assets of the City Of' the Df.welopmeM <br />GorpoMtioa or the CouRt)' l:1B6er 8:8.y 8gfeemeBt Sf instrumeat tEl .....hish the City or tlw <br />Development CorporatioFl or th~ COl:ll1ty is a party at by which the City or the De:ve1opl11el'lt <br />Cerper-atioa or the COU~' at their its assets may be bOlmd or affeeted. <br />(C) This f..greement has been daly lHlflarired, eKeeuted and delivered ey the City, or <br />~Y~e~fllent CorporatioR ana Couut)' and, constitu.tes a legal, valid aac:t bindiBg abligaasfl. of <br />the City, the Deyelopment Cor}*}.fatien, and the Gounty enforeeaele iB aeeerdaBeEl ",vith its terms. <br /> <br />(D) The exeeution, OOlivery aB6 perfemaalule of this l'"greemeat l:ly tlie City,-tbtl <br />:Qev-elopment Corporation and the GeURty dees net require the GeBfleBt ElI' apprewl of aRY per&0H <br />wmeh has Rot 1900B o'6tatRed. <br /> <br />ARTICLE 3 <br />TUE PROJECT <br /> <br />3.1 The City lmprovemeBts.Proiect. -The City lmpro'lemeBts Me Pr~iect is intended <br />to enhance the proposed implementation of a development within the Zone as a whole,as more <br />fully described in the Plan. <br /> <br />3.2. City Im.pre"lements Proiect tIDescription. The City Impre":em.eBts Project <br />consists of improvements to the Shoreline of Sylvan Beach Park as more. fully. describe.d in the <br />Project Agreements City's Saftitary Sewer System referfed te as the 80utfteazt Saaitary Sewer <br />Tnmk MaiD. anll1.ift Station Faeilities anticipated by the ~eHmina.ry Desiga Report, T.e. & B. <br />Job No. 13 145(;)1 GOl/Dated O&teeef 1997 together with any modifications, alternates or phased <br />construction approved, in writing, by p"rties to the Project Agreements. the City aetmg as <br />eOfl5truenoft maBager :fer the Zene Boar-d and the :'..uthority. The City Improvements Project <br />shall include all engineering, legal and other consultant fees and expenses related to sRah City <br />Hn~&'lemeBts. allowed by the Project Cooperation Agreement. . <br /> <br />3.3 Additional Proiects. This Agreement does not apply to any projects not <br />specifically defined herein unless this Agreement is amended to provide for the design and <br />construction of such additional projects. <br /> <br />ARTICLE 4 <br /> <br />Page 5 of 15 <br />