5A2 Economic Development Agreement (Colfax Corner ML, LLC) - Signed

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10 be deemed in default of this Section to the extent any third party fails to provide information that is not within the Developer’s possession or control. (b) Local Reporting. Upon the letting of contracts for substantial portions of the Project and again upon substantial completion of the Project, the Developer hereby agrees to report to the Redevelopment Commission the number of local contractors and local laborers involved in the Project, the cumulative amount awarded to local contractors and the name of each local contractor awarded a contract with respect to the Project for an amount greater than $50,000. (c) Semi-Annual Reporting. On or before June 30 and December 31 of each year until substantial completion of the Project, the Developer shall submit to the Redevelopment Commission a report, in the format set forth at Exhibit G, demonstrating the Developer’s good-faith compliance with the terms of this Agreement relating to the construction of the Project. The report shall include the following information and documents; (i) a status report of the construction completed to date, (ii) an update on the project schedule, (iii) an itemized accounting generally identifying the investment in the Project by the Developer not including proceeds of the Bonds, and (iv) a status report of the number of jobs created for employment at the Project Site. 4.10 Equal Employment Opportunity. The Developer, for itself and its successors and assigns, agrees that during the construction of the Project: (a) The Developer will not discriminate against any employee or applicant for employment because of race, color, religion, sex, or national origin. The Developer agrees to post in conspicuous places, available to employees and applicants for employment, notices setting forth the provisions of this nondiscrimination clause; and (b) The Developer will state, in all solicitations or advertisements for employees placed by or on behalf of the Developer, that all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, or national origin. 4.11 Non-Interference. The Developer hereby agrees to use commercially reasonable efforts to minimize disruption for those living and working near the Project Site during construction of the Project. 4.12 Public Announcements, Press Releases and Marketing Materials. The Developer hereby agrees to (a) coordinate a Project “kick off” press release with the City, (b) coordinate a Project groundbreaking ceremony with the City, and (c) use commercially reasonable efforts to coordinate other significant public announcements regarding the Project with the City, subject, in each case, to any securities laws that would prevent the Developer from engaging in such coordination. The Developer agrees to allow the City and the Redevelopment Commission to distribute the Developer’s marketing materials to promote the Project. 4.13 Information. The Developer agrees to provide any and all due diligence items with respect to the Project reasonably requested by the Redevelopment Commission. The Developer further agrees to provide any information reasonably required in writing by the City and the