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“1.2 Funding Amount. “Funding Amount” means the <br />total of: <br />(a)an amount not to exceed Three Million Three <br />Hundred Thousand Dollars ($3,300,000.00) of tax increment <br />finance revenues provided to the City by the Commission, <br />subject to annual appropriation by the Commission, to <br />simultaneously reimburse the City for its costs incurred, or <br />to be incurred, through the Loan Agreement that will be <br />subsequently executed by the Parties pursuant to the terms <br />of the Loan Agreement, which will be used for paying a <br />portion of the Local Public Improvements; and <br />(b)an amount not to exceed Three Hundred Three <br />Thousand Dollars ($303,000.00) of tax increment finance <br />revenues to be used for paying the costs associated with the <br />Local Public Improvements procured by the Board of Works <br />to purchase exterior siding materials for certain architectural <br />improvements to the Project.” <br />b)A new Section 1.4 shall be inserted in SECTION 1. DEFINITIONS, <br />which states as follows: <br />“1.4 Board of Works. “Board of Works” means the Board <br />of Public Works of the City, a public body granted the power to <br />award contracts for public works pursuant to I.C. 36-1-12.” <br />c)In the last sentence of Section 3.1, the text “January 31, 2024” shall be <br />deleted and replaced with the following: “January 31, 2026.” <br />d)In Section 3.7, the reference to “Exhibit F” shall be deleted and replaced <br />with “Exhibit E.” <br />e)A new Section 3.9 shall be inserted in SECTION 3. DEVELOPER’S <br />OBLIGATIONS, which states as follows: <br />“3.9 Grant of Easement. Upon assuming ownership of the <br />Developer Property, the Developer will grant to the Commission a <br />temporary, non-exclusive easement on, in, over, under and across <br />any part(s) of the Developer Property (the “Easement”) in the form <br />attached hereto as Exhibit F, to permit the Commission to fulfill its <br />obligations under this Agreement, including the construction, <br />equipping, inspection, and delivery of the Local Public <br />Improvements. The Easement shall (a) inure to the benefit of the <br />Commission and the Board of Works or any contractors acting on <br />behalf of the Commission in connection with the construction, <br />equipping, inspection, and delivery of the Local Public <br />Improvements; (b) shall bind the Developer and its grantees,