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<br />e <br /> <br />e <br /> <br />- <br /> <br /> <br />~. :",nGffci's? The Authority may construct infrastructure, buy equipment <br />.a estate as necessary to implement the Plans and as permitted by the <br /> <br />'fII To the extent funds are available, the Authority may design and construct <br />Projects identified in the Plans that meet the qualifications of.the TIRZ Act and the PID Act as <br />applicable; and <br /> <br />, 'tI To the extent funds are available, the Authority may buy, sell, lease and <br />otherwise deal in real estate within the Zone. , ' <br /> <br />E. Subcontractors. The Authority may provide the services required by this Agreement <br />through staff, subcontractors, andlor ~onsultants subject to the conditions of this Agreement. <br /> <br />m. <br />OBLIGATIONS OF THE AUTHORITY <br /> <br />A. General Statement. The Authority haS the authority to enter into Authority <br />ObligatioD:s with Developers and enter into contracts with consultants and others to be paid from <br />moneys to be paid by the City and the Zone to the Authority from Tax Increments and Pill <br />Assessments pursuant to this Agreement, and further, the Authority may issue Bonds with the <br />consent of the City Council; provided that nothing in this Agreement shall be construed to authorizt? <br />the Authority to expend any of the Tax Increment fund~ received pursuant to this Agreement for any, <br />costs other than Project Costs or expand Pill Assessments for any cost other than costs authorized <br />under the Pill Plan. <br /> <br />B. Power to Incur Authority Obligations. Subject to the provisions of this Article, the <br />Authority shall have the power from time to time to issue and incur Authority Obligations and enter <br />into contracts with consultants upon such terms and conditions as the Authority Bo~d and the Zone <br />Board shall determine to be necessary or desirable to implement the Plans. The Authority <br />Obligations may be in the form of a Development Agreement with the Developer of a Development <br />who agrees to construct, improvements or other facilities included in the Plans in exchange for the <br />obligation of the Authority to repay the Developer for such costs from future payments made by the <br />City and the Zone to the Authority pursuant to this Agreement. All Development Agreements, shall' <br />specify which Plan pursuant to which it is entered, and shall provide that (i) the Authority will not <br />reimburse any Developer for any Project that is determined to be an ineligible Project Cost Under the <br />TIRZ Act, or an ineligible Pill Project under the Pill Act, as applicable; and (ii) the Developer shall <br />repay the Authority for any payment made by the Authority to the Developer that is determined to be <br />ineligible. <br /> <br />. <br />.l <br />~ , <br />1 . J <br />. !t. <br />: ...- <br />~ o. i <br /> <br />Houslaa:367966.2 <br /> <br />. 7 <br /> <br />I <br /> <br />;. ,: <br />I <br />