Term SheetTerm Sheet • December 7th, 2013
Contract Type FiledDecember 7th, 2013Redeveloper and Authority (as defined below) and is intended to set forth the terms upon which the parties hereto may be willing to enter into a Development Agreement. Except for Section 11 below (which shall be binding upon Redeveloper) this Term Sheet shall not be deemed conclusive or legally binding upon either party, and neither party shall have any obligations regarding the property defined below unless and until a definitive Development Agreement is approved by the EDA board and executed by both parties.