Authorizing the execution of a contract for the purchase of certain disposition parcels inthe Urban Renewal Central Downtown Project

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-8- provided in each Deed and in the certification itself, a conclusive determination of satisfaction and termination of the agreement and covenants in the Agreement and in the Deed with respect to the obligations of the City, its successors and assigns, and every successor in interest to such Parcel, to construct the Improvements on such Parcel and the dates for the beginning and completion thereof. All certifications provided for in this Section shall be in such form as will enable them to be recorded in the Office of the Recorder of St. Joseph County, Indiana. ARTICLE IV. LAND USES Sec. 1. Restrictions on Land Use . The City agrees for itself, its successors and assigns, and every successor in interest to the Property, or any part thereof, and each Deed shall contain covenants on the part of the City for itself and such successors and assigns, that the City and such successors and assigns shall: (a) Devote the Property to, and only to and in accordance with, the uses specified there- for in the Urban Renewal Plan, as the same may hereafter be amended from time to time; and (b) Not discriminate upon the basis of race, color, religion, sex or national origin in the sale, lease or rental or in the use or occupancy of the Property or any Improvements erected or to be erected thereon, or any part thereof . Sec. 2 . Effect of Covenant; Period of Duration. It is intended and agreed, and each Deed shall so expressly provide, that the agreements and covenants provided in this Article IV shall be covenants running with the land and that they shall, in any event, o ,.d without regard to technical classification or designation, legal or otherwise, and except only as otherwise specifically provided in the Agreement, be, to the fullest extent permitted by law and equity, binding for the benefit and in favor of, and enforceable by, the Agency, its successors and assigns, and the United States in the case of the covenants provided in subdivision (b) of Section 1 of this Article IV, against the City, its successors and assigns, and every successor in interest to the Property, or any part there- of or any interest therein, and any party in possession or occupancy of the Property. It is further intended and agreed that the agree- ments and covenants provided in subdivision (a) of Section 1 of this Article IV shall remain in effect until thirty years from date that Part II of the Application for Loan and Grant is approved by the United States of America, at which time such agreements and covenants shall terminate, and that the agreements and covenants provided in subdivision (b) of such Section 1 shall remain in effect without limitation as to time .