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<br />2 <br />“1.3 Funding Amount. “Funding Amount” means the <br />total of: <br />(a) an amount not to exceed Three Million Three <br />Hundred Thousand Dollars ($3,300,000.00) of tax increment <br />finance revenues provided to the City by the Commission, <br />subject to annual appropriation by the Commission, to <br />simultaneously reimburse the City for its costs incurred, or <br />to be incurred, through the Loan Agreement that will be <br />subsequently executed by the Parties pursuant to the terms <br />of the Loan Agreement, which will be used for paying a <br />portion of the Local Public Improvements; and <br />(b) an amount not to exceed Three Hundred Three <br />Thousand Dollars ($303,000.00) of tax increment finance <br />revenues to be used for paying the costs associated with the <br />Local Public Improvements procured by the Board of Works <br />to purchase exterior siding materials for certain architectural <br />improvements to the Project.” <br />b) A new Section 1.4 shall be inserted in SECTION 1. DEFINITIONS, <br />which states as follows: <br />“1.4 Board of Works. “Board of Works” means the Board <br />of Public Works of the City, a public body granted the power to <br />award contracts for public works pursuant to I.C. 36-1-12.” <br />c) In the last sentence of Section 3.1, the text “January 31, 2024” shall be <br />deleted and replaced with the following: “January 31, 2026.” <br />d) Section 3.3 shall be deleted in its entirety and replaced with the following <br />text: <br />3.3 Timeframe for Completion. The Developer hereby agrees to <br />complete the Project as set forth in the Project Plan and any other <br />obligations the Developer may have under this Agreement by the <br />completion date established in the Purchase Agreement, or otherwise agreed <br />between the Developer and the Commission, as may be modified due to <br />unforeseen circumstances and delays (the “Mandatory Project Completion <br />Date”). The Developer further agrees the total Project will be completed in <br />accordance with the Project Plan attached hereto as Exhibit B. <br />(a) Upon issuance of Certificates of Occupancy for the <br />entirety of the Project, and upon Developer’s determination that it <br />has substantially completed the Project, the Developer shall submit <br />a written certificate to the Commission stating that the Project has <br />been completed and is ready for use (the “Affidavit of <br />Completion”). Upon the Commission’s receipt of the Affidavit of