Common use of Governance of the District Clause in Contracts

Governance of the District. (a) The Developer and any successor in title to the Property, in their role as an entity that can designate authorized representatives to serve on the District’s Board of Directors, shall cause the District to be governed in accordance with the CID Act and all other applicable laws. The Developer, as an owner of real property in the District, will authorize the appointment to the District’s Board of Directors of two persons designated by the City who meet all other qualifications to serve on the District’s Board of Directors, by designating such persons as its authorized representatives for the purpose of serving on the District’s Board of Directors. (b) The District shall engage a qualified District administrator and a qualified legal counsel to assist in managing the operations of the District and ensuring compliance with applicable laws. (c) If the City authorizes the issuance of any bonds, notes or other obligations, the City shall have the right to designate bond counsel and a financial advisor for such obligations. (d) The District shall promptly dissolve after all District Project Costs have been reimbursed to the Developer (or if bonds, notes or other obligations have been issued, once all such bonds, notes or other obligations have been repaid). (e) Subject to the provisions of Section 3.01 hereof and any applicable cure period, the District shall promptly dissolve unless each of the following occur: (1) by January 1, 2022, the Developer provides the City and the District with an executed lease agreement providing for occupancy by December 31, 2022 of a grocery store occupying at least 25,000 square feet and acceptable to the Board of Aldermen in its sole and absolute discretion (the “Approved Store”); and (2) by December 31, 2022, the Approved Store must open for business within the District; and (3) before the Approved Store opens for business within the District, (A) the Developer constructs an accessway to Xxxxxx Road acceptable to the City in the City’s reasonable discretion and (B) the Developer obtains and the City approves an agreement providing cross- access to the property on which Xxxxx Xxxxxxxxxx’x is located.

Governance of the District. (a) The Developer and any successor in title to the Property, in their role as an entity that can designate authorized representatives to serve on the District’s Board of Directors, shall cause the District to be governed in accordance with the CID Act and all other applicable laws. The Developer, as an owner of real property in the District, will authorize the appointment to the District’s Board of Directors of two persons designated by the City who meet all other qualifications to serve on the District’s Board of Directors, by designating such persons as its authorized representatives for the purpose of serving on the District’s Board of Directors. (b) The District shall engage a qualified District administrator and a qualified legal counsel to assist in managing the operations of the District and ensuring compliance with applicable laws. (c) If the City authorizes the issuance of any bonds, notes or other obligations, the City shall have the right to designate bond counsel and a financial advisor for such obligations. (d) The District shall promptly dissolve after all District Project Costs have been reimbursed to the Developer (or if bonds, notes or other obligations have been issued, once all such bonds, notes or other obligations have been repaid). (e) Subject to the provisions of Section 3.01 hereof and any applicable cure period, the District shall promptly dissolve unless each of the following occur: (1) by January 1, 2022, the Developer provides the City and the District with an executed lease agreement agreement(s) providing for occupancy by December 31, 2022 of a grocery store occupying at least 25,000 square feet and acceptable to the Board of Aldermen in its sole and absolute discretion or another tenant occupying at least 25,000 square feet and acceptable to the Board of Aldermen in its sole and absolute discretion (in either case, the “Approved Store”); and (2) by December 31, 2022, the Approved Store must open for business within the District; and (3) before the Approved Store opens for business within the District, (A) to the extent necessary for the Approved Store to open for business, the Developer constructs an accessway to Xxxxxx Road acceptable to the City in the City’s reasonable discretion and (B) the Developer obtains and the City approves an agreement providing cross- cross-access to the property on which Xxxxx Xxxxxxxxxx’x is located.

Governance of the District. (a) The Developer and any successor in title to the Property, in their role as an entity that can designate authorized representatives to serve on the District’s Board of Directors, shall cause the District to be governed in accordance with the CID Act and all other applicable laws. The Developer, as an owner of real property in the District, will authorize the appointment to the District’s Board of Directors of two persons designated by the City who meet all other qualifications to serve on the District’s Board of Directors, by designating such persons as its authorized representatives for the purpose of serving on the District’s Board of Directors. (b) The District shall engage a qualified District administrator and a qualified legal counsel to assist in managing the operations of the District and ensuring compliance with applicable laws. (c) If the City authorizes the issuance of any bonds, notes or other obligations, the City shall have the right to designate bond counsel and a financial advisor for such obligations. (d) The District shall promptly dissolve after all District Project Costs have been reimbursed to the Developer (or if bonds, notes or other obligations have been issued, once all such bonds, notes or other obligations have been repaid). (e) Subject to the provisions of Section 3.01 hereof and any applicable cure period, the District shall promptly dissolve unless each of the following occur: (1) by January 1, 2022, the Developer provides the City and the District with an executed lease agreement providing for occupancy by December 31July 1, 2022 2023 of a grocery store Bass Pro Outdoor World, L.L.C. occupying at least 25,000 60,000 square feet and acceptable to the Board of Aldermen in its sole and absolute discretion (the “Approved Store”); and (2) by December 31July 1, 20222023, the Approved Store must open for business within the District; and (3) before the Approved Store opens for business within the District, (A) the Developer constructs an accessway to Xxxxxx Road acceptable to the City in the City’s reasonable discretion and (B) the Developer obtains and the City approves an agreement providing cross- cross-access to the property on which Xxxxx Xxxxxxxxxx’x is located.

Governance of the District. (a) The Developer and any successor in title to the Property, in their role as an entity that can designate authorized representatives to serve on the District’s Board of Directors, shall cause the District to be governed in accordance with the CID Act and all other applicable laws. The Developer, as an owner of real property in the District, will authorize the appointment to the District’s Board of Directors of two persons designated by the City who meet all other qualifications to serve on the District’s Board of Directors, by designating such persons as its authorized representatives for the purpose of serving on the District’s Board of Directors. (b) The District shall engage a qualified District administrator and a qualified legal counsel to assist in managing the operations of the District and ensuring compliance with applicable laws. (c) If the City authorizes the issuance of any bonds, notes or other obligations, the City shall have the right to designate bond counsel and a financial advisor for such obligations. (d) The District shall promptly dissolve after all District Project Costs have been reimbursed to the Developer (or if bonds, notes or other obligations have been issued, once all such bonds, notes or other obligations have been repaid). (e) Subject to the provisions of Section 3.01 hereof and any applicable cure period, the District shall promptly dissolve unless each of the following occur: (1) by January 1, 2022, the Developer provides the City and the District with an executed lease agreement providing for occupancy by December 31July 1, 2022 2023 of a grocery store retailer occupying at least 25,000 60,000 square feet and acceptable to the Board of Aldermen in its sole and absolute discretion (the “Approved Store”); and (2) by December 31July 1, 20222023, the Approved Store must open for business within the District; and (3) before the Approved Store opens for business within the District, (A) the Developer constructs an accessway to Xxxxxx Road acceptable to the City in the City’s reasonable discretion and (B) the Developer obtains and the City approves an agreement providing cross- cross-access to the property on which Xxxxx Xxxxxxxxxx’x is located.

Governance of the District. (a) The Developer and any successor in title to the Property, in their role as an entity that can designate authorized representatives to serve on the District’s Board of Directors, shall cause the District to be governed in accordance with the CID Act and all other applicable laws. The Developer, as an owner of real property in the District, will authorize the appointment to the District’s Board of Directors of two persons designated by the City who meet all other qualifications to serve on the District’s Board of Directors, by designating such persons as its authorized representatives for the purpose of serving on the District’s Board of Directors. (b) The District shall engage a qualified District administrator and a qualified legal counsel to assist in managing the operations of the District and ensuring compliance with applicable laws. (c) If the City authorizes the issuance of any bonds, notes or other obligations, the City shall have the right to designate bond counsel and a financial advisor for such obligations. (d) The District shall promptly dissolve after all District Project Costs have been reimbursed to the Developer (or if bonds, notes or other obligations have been issued, once all such bonds, notes or other obligations have been repaid). (e) Subject to the provisions of Section 3.01 hereof and any applicable cure period, the District shall promptly dissolve unless each of the following occur: (1) by January 1, 2022, the Developer provides the City and the District with an executed lease agreement providing for occupancy by December 31July 1, 2022 2023 of a grocery store retailerBass Pro Outdoor World, L.L.C. occupying at least 25,000 60,000 square feet and acceptable to the Board of Aldermen in its sole and absolute discretion (the “Approved Store”); and (2) by December 31July 1, 20222023, the Approved Store must open for business within the District; and (3) before the Approved Store opens for business within the District, (A) the Developer constructs an accessway to Xxxxxx Road acceptable to the City in the City’s reasonable discretion and (B) the Developer obtains and the City approves an agreement providing cross- cross-access to the property on which Xxxxx Xxxxxxxxxx’x is located.