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16 <br />EXHIBIT C <br />Description of Local Public Improvements <br />Local Public Improvements will include improvements in support of the rehabilitation of <br />the Project, including, without limitation, those costs financed with proceeds of the Loan (as <br />defined in the Loan Agreement) undertaken in furtherance of the Project, as agreed upon between <br />the Parties, in material compliance with all applicable laws and regulations. <br />The Developer shall have the sole responsibility to fund any and all costs associated with <br />Local Public Improvements that exceeds the Funding Amount.