Accuracy of Project Data. The Developer has provided certain financial and other information regarding the Project (the “Project Data”) to the City. The parties agree that project costs, estimated tax revenues and other financial information included within the Project Data may change as the Project evolves from concept to completion, and such changes may be material. Nevertheless, the Developer represents that (1) the most recently supplied Project Data was, to the Developer’s knowledge, developed and provided in good faith and (2) to the Developer’s knowledge, the Concept Site Plan set forth on Exhibit B is a good faith representation of the uses that the Developer will endeavor to locate on the Project Site, assuming the Public Access to North Price Road is obtained.
Accuracy of Project Data. The Developer has provided certain financial and other information regarding the RPA 1 Redevelopment Project (the “Project Data”) to the City and its consultants. The parties agree that project costs, project rents and other financial information included within the Project Data have changed and will further change as the RPA 1 Redevelopment Project evolves from concept to completion, and such changes may be material. Accordingly, the Developer cannot and will not make any representation that the Project Data previously provided is currently true and accurate. Nevertheless, the Developer represents that (1) the most recently supplied Project Data was, to the Developer’s knowledge, developed and provided in good faith and (2) to the Developer’s knowledge, the Concept Site Plan set forth as Exhibit B, attached hereto and incorporated herein by reference, is a good faith representation of the uses that the Developer will endeavor to locate on the Property and the Project Budget set forth as Exhibit H, attached hereto and incorporated herein by reference, is a good faith representation of the Developer’s estimate of the anticipated development costs.
Accuracy of Project Data. The Developer acknowledges that the City has entered into this Agreement and offered the tax increment financing assistance contemplated hereby in reliance on the Developer representing that a total estimated budget for the acquisition of the Property and the completion of the Menards home improvement store of approximately $56,175,000 was, to the Developer’s knowledge, reasonable based upon the Developer’s work at the time of the Redevelopment Proposal and was not materially misleading.
Accuracy of Project Data. The Developer has provided certain financial and other information regarding the D3 Components (the “Project Data”) to the City Attorney. The parties agree that project costs, project rents and other financial information included within the Project Data have changed and will further change as the D3 Components evolves from concept to completion, and such changes may be material. Accordingly, the Developer cannot and will not make any representation that the Project Data previously provided is currently true and accurate. Nevertheless, the Developer represents that (1) the most recently supplied Project Data was, to the best of the Developer’s knowledge, information and belief, developed and provided in good faith and includes a good faith representation of the Developer’s estimate of anticipated development costs and (2) to the best of the Developer’s knowledge, information and belief, the Concept Site Plan attached as Exhibit B hereto is a good faith representation of the uses that the Developer will endeavor to locate on the D3 Property.
