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Redevelopment Commission Agenda & Packet 09.11.25
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Redevelopment Commission Agenda & Packet 09.11.25
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9/9/2025 11:10:10 AM
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9/9/2025 11:09:45 AM
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Dept of Community Investment
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<br />2-1 <br />Exhibit 2 <br /> <br /> <br />EXHIBIT C <br /> <br />Description of Local Public Improvements <br /> <br />Local Public Improvements for the Funding Amount will include site work and improvements in <br />support of the construction of the Project in accordance with all applicable laws and regulations <br />and in substantial accordance with the Plans and Specifications and any other work and <br />improvements in support of the construction of the Project as agreed upon between the Parties. <br /> <br />Local Public Improvements for the Additional Funding Amount shall include procurement and <br />delivery of materials to equip the Project with architectural and other improvements, in accordance <br />with all applicable laws and regulations and in substantial accordance with the Plans and <br />Specifications. In the event any sums remain unspent from the Additional Funding Amount after <br />the purchase and delivery of such materials, the Parties may agree to the expenditure of the <br />remaining Additional Funding Amount towards any other improvements to the Project eligible to <br />be paid from tax increment finance revenues, in accordance with all applicable laws and <br />regulations and in substantial accordance with the Plans and Specifications. <br /> <br />Notwithstanding the foregoing, the Developer shall have the sole responsibility to fund any and <br />all costs associated with the Local Public Improvements that exceed the Funding Amount and the <br />Additional Funding Amount. <br />
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