6.B.(1)&(2) Staff report 118 N. Main St.

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First. to reimburse the Commission. un its o~~n behalf or on behalf of the City. ibr all casts and expenses incurred by the Couunission. including but not limited to: (a). salaries of personnel. in connection with the recapture. management. and resale of the Property or part thereof, but less anv income da ivied b~~ the Commission from the Property or part thereof in connection ~~ ith recapture such manatunent or resale: (h). all taxes, assessments. and water and sew~cr charges with respect to the Property or port thereof. or. in the event the Property is exempt from taxation ur assessment or such charges during the period oi' u«nership thereof by the Commission. an amount. if paid. equal to such taxes. assessments, or char~ues. as determined by the appropriate assessin~~ otiicials, as ~~ould have been payable if the Property w~erc not so exempt (c). any payments made or needed to be made to discharge any encumbrances or liens existing on the Property or part thereof at the time ofrevcsting oftitlc in the Commission onto discharge or prevent from attaching or being made anv subsequent encumbrances or liens due to obligations, defaults. or acts of the Deg eloper. its successors or U ansl~crccs: (d). anv cxpenditm~cs made or obligations incurred in making or completing the construction or am' ~7art thcreofon the Property orpart thereof: (c). and any anu~unts othencise ~,~~ ing the Cununission by the Developer and its successor ur transfu~ee: and ~. Second. to reimburse the Deg eloper. its successor or h-ansferce. up to the amount equal to: (u). the sum of the Purchase Price paid b~~ it for the Propcrt~~ (or allocabic to the part thereof and the cash actually in~~csted h~- the Developer in consu action on the Prupcrt~ or part thereof. Iess (b). am <aains or income withdra~ti~n or made by the Developer from the Contract or the Propcrt~. ,any balance remaining alter such reimbursements shall be retained b~~ the Commission as its property. 13