08-25 Authorizing the City to Issue One or More Series of its Taxable Economic Development Tax Increment Revenue Bonds and Approving and Authorizing Other Actions in Respec Thereto in Connection With the J. C. Hart Development Project

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"Loan Agreement"means the Loan Agreement,dated as of 1,202_, from the Company to the Issuer and all amendments and supplements thereto. "Loan Payments"means the amounts required to be repaid by the Company to the Issuer under the terms of the Loan Agreement. "Pledge Resolution"means Resolution No. adopted by the Redevelopment Commission on ,2025, irrevocably dedicating and pledging to the Issuer the TIF Revenues to pay the debt service on the Bonds. "Project" means the development and construction of 2 buildings housing approximately 291 apartments and an approximately 398 space structured garage located in the Allocation Area established by the Redevelopment Commission. "Project Fund"means the Project Fund for the Bonds established in Section 4.3 of this Indenture. "Qualified Investments"means any of the following to the extent permitted by law: (i) Government Obligations; (ii) money market funds, which may be funds of the Trustee or its affiliates,the assets of which are obligations of or guaranteed by the United States of America and which funds are rated at the time of purchase "AAAm or higher by Standards & Poor's Ratings Service, Inc. and/or "Aaa" by Moody's Investors Service, Inc.; (iii) bonds, debentures, notes or other evidence of indebtedness issued or guaranteed by any of the following federal agencies: Export-Import Bank, Farmers Home Administration, Federal Financing Bank, Federal Housing Administration, Government National Mortgage Association, Maritime Administration and Farm Credit Banks; (iv)certificates of deposit, savings accounts,deposit accounts or depository receipts of a bank, savings and loan associations and mutual savings banks, including the Trustee or its affiliates, each insured to the extent provided by the Federal Deposit Insurance Corporation; (v) bankers' acceptances or certificates of deposit of commercial banks or savings and loan associations, including the Trustee or its affiliates, which mature not more than one year after the date of purchase;provided the banks or savings and loan associations(as opposed to their holding companies) are rated for unsecured debt at the time of purchase of the investments in the single highest full classification established by Moody's Investors Service, Inc. and Standard & Poor's Ratings Service, Inc.;(vi)commercial paper rated at the time of purchase in the single highest full classification by Moody's Investors Service, Inc.and Standard& Poor's Ratings Service, Inc. and which matures not more than 270 days after the date of purchase; (vii)any guaranteed investment contract or investment agreement of a financial institution which is rated in one of the two highest rating categories by Standard & Poor's Ratings Services; and (viii) repurchase agreements with any bank or trust company organized under the laws of any state of the United States of America or any national banking association (including the Trustee or its affiliates) or government bond dealer reporting to, trading with, and recognized as a primary dealer by the Federal Reserve Bank of New York,which agreement is secured by any one or more of the securities described in clauses (i), (iii)or(iv)above; provided, underlying securities are required by the repurchase agreement to be continuously maintained at a market value not less than the amount so invested. "Record Date" means the fifteenth day of the month immediately preceding any Interest Payment Date. 6