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<br /> <br />M>. <br /> <br />Ion by the Development e(j.1J?Qrai~oiJ and ttre County ~of the records required <br />thetefol'. .' e AuthQrity $halll~e pa~~t to.the~DeYelopi:I\ent COIJ>ol'ation flnd the <br />CQtmty; ithin 3'0 daysofapp,rqvtll ofthe:auditor'srepon. <br /> <br />- <br /> <br />. The Authority ~hal1 provide totnt,' ~evelop11,ientCorporation and the County, <br />upontmrtheit written teCiu~st ,Bf the City, QDd. on :fhcearliest date such information is available. <br />after the date of$uch tequ,est~;.eertl.fi~.cQpies of all. statements of tevenueand thesOlirQes of <br />such rev~ue'onheZO~ and Atith0iity the irttendeduse afwhich t! to. verify,the availability of <br />funds fQrtepayment oftn4} City A,' ... .'.a'pplicabIe~ una.er't1:Ussepuon. <br />.WM-\ ... <br /> <br />S. 3 'P' .... . <br />'.' . :nOtlttes. <br />following ~r(kl":Qf <br />accoJ.1iancewith' . <br />casts of the Z6ne. .d he Aut rity; (Hi) ~Q:untspledgedor requit~ fer: the payment of <br />outstanding Authorit. a'on . ; including Autllority B'ends in thepl'ocess ef iss'UtUlce and <br />refunding Author'. 'Bo '. ,and.Jiv) payments t<l the City (Or :f\mding the Southeast S~iwl'Y <br />S~wer 'l);up}c .'. d'Lift StauoIL , cilities per .Deve~pmMt ~gt~m~t1.\i~twee)1the~el <br />AtlthoriW ' .. ty ({at~:6112{o~' ,vFpa . '~nlS li:)tne ~IJevelopment Corporation and the <br />Cuunty p t to sectlonSo1(E.,above. <br /> <br />504, '!rlc-. Ie develo el'sl\ .,the, ... ,. . 0 .... . . 'oflandtheCeUDty. The <br />Authority has entered ~t{). other agreements with dey~~petsof lap.d within the ZOne for the <br />financing of20nelimprevemertts, and may enter into others. It is the intention oIllie parties that <br />each developer Sha:1l he; re~PQJlsiblerol'the cr~~lon of TaK Increment required larits own. <br />l'eimbursem.eR.t;1rts~6Jl caSe. the Tax Increment generated. within . a.dev~lopeesprojeet as <br />definedfu the :app1i~blereimb:utsefrtent asre'ementsnall: DQt :be consid~ed"in de(ermining <br />whethersu.ffici~ntNetTax Inotemetrt.e~d$t$~r the fssuaJ1c~<>;f Al.lth~~ Bond~..~r dir,ect Z <br />payment efavailableNet:rax Increment; .for relm",'l,U'S~~~;-Qfc:.Hv. 'De"e~lItt CorPQ~'ijt'iff <br />. . ..... '.,. A!lvanoes un.less theappli~bl~developershall.g'ive. its writteP,corl$ent th~:tetQ. <br />The netproceedsoI Authority BQnds Issued to te.iinbtu'se, multiple developer$ and the Qity <br />Devel!lpment Co1Por~ti~ri.an!l tl\e,Cbul1.t)' :$hall be aUQcated .bf;ls~upon thepl'()ponion of TaK <br />Iilcrementgenel'atedbyeaclt developer. or$uch otl;1etmetlmd 'as tbed-evelopers may agree upon, <br />and any unallocated TaxiIncl'em(mtllMU'be :qse9, for ca1ctilationefthe Cityj s Net Tax Increment <br />and r~ii:nb:utsement. of G#r Advances, <br /> <br /> <br /> <br />- <br /> <br /> <br />- <br /> <br />- <br /> <br />ARTICLE 6 <br />DltFAuLT <br /> <br />.". <br /> <br />6.1 Default <br /> <br />(~) 'If anY' Party- ooesnotperl'onn its. obHgatiQI1S hereunder insubstantial compliance <br />with this Agreement, in addition to the other ri$1itsgiY~n the othe~P~1ie~ undertln.s Agreement, <br />suchrton..defaultingPtuties m~y enforcespecific.perfermlll19~ Qf.this A.8reement or seek .actual <br />damages'ii1cutted byth~.~D:eve1opllle1it C0rporationantf~C~t1nt'Y for ~ys.uch defl;iu1t.. <br /> <br />... <br /> <br />I <br /> <br />Page 9 of 15 <br /> <br />"" <br /> <br />... <br />