Laserfiche WebLink
E <br /> a. salaries of personnel,in connection with the recapture,management, <br /> and resale of the Property or part thereof,but less any income derived <br /> by the Commission from the Property or part thereof in connection <br /> with recapture such management or resale; <br /> b. all taxes, assessments, and water and sewer charges with respect to <br /> the Property or part thereof, or, in the event the Property is exempt <br /> from taxation or assessment or such charges during the period of <br /> ownership thereof by the Commission, an amount, if paid, equal to <br /> such taxes,assessments,or charges,as determined by the appropriate <br /> assessing officials, as would have been payable if the Property were <br /> not so exempt; <br /> C. any payments made or needed to be made to discharge any <br /> encumbrances or liens existing on the Property or part thereof at the <br /> time of revesting of title in the Commission or to discharge or prevent <br /> from attaching or being made any subsequent encumbrances or liens <br /> due to obligations,defaults,or acts of the Developer,its successors or <br /> transferees; <br /> d. any expenditures made or obligations incurred in making or <br /> completing the construction or any part thereof on the Property or <br /> part thereof; <br /> e. and any amounts otherwise owing the Commission by the Developer <br /> and its successor or transferee; and <br /> 2. Second, to reimburse the Developer, its successor or transferee, up to the <br /> amount equal to: <br /> a. the sum of the Purchase Price paid by it for the Property(or allocable <br /> to the part thereof)and the cash actually invested by the Developer in <br /> construction on the Property or part thereof, less <br /> b. any gains or income withdrawn or made by the Developer from the <br /> Contract or the Property. <br /> Any balance remaining after such reimbursements shall be retained by the Commission as its <br /> property. <br /> F. Other Rights and Remedies of Commission,No Waiver by Delay. The Commission <br /> shall have the right to institute such actions or proceedings,as it may deem desirable,for putting into <br /> effect the purposes of this Section IX. This includes the right to execute and record or file among <br /> the public land records in the office in which the Deed is recorded a written declaration of the 4 <br /> termination of all the right,title, and interest of the Developer, and(subject to such mortgage liens <br /> 1 <br /> Y 10 <br />.3 <br />