80-84 Enter Prelim Coop Agreement for Downtown Redevelopment

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developers within the Project Area through the issuance (by the City or other authorized issuers) of industrial revenue bonds, and (ii) to assist the Developer and other developers in the Project Area in qualifying :for and securing federal and state loans and/or grants, with respect to the redevelop- ment of the Project Area, to the extent permitted by law. The City will not pledge its full faith and credit or taxing powers to secure any of the Developer's or other developers' obligations in the Project Area. The City will not provide a letter of credit or guarantee any of the Developer's or other developers' obligations in the Project Area. (e) The City will consider the use of tax abatement within the ~roject Area. (f) The City will review existing provisions of its Codified Ordinances and consider changes thereto proposed by the Developer, or others, with respect to its fees and chang- es made in connection with its regulatory codes for land uses that are to be contained in the Project Area. (g) The City will review the need for public parking facilities (surface and/or parking garages) based on the requirement of the Project Area, after redevelopment, and other adjacent areas and will consider the relocation of existing and the development of new parking facilities. Any such parking facilities which may be provided by the city will be constructed as public improvements that must be open to the general public. The CitY'S ability to provide any needed parking facilities is subject to the debt capacity of the City and the need to prleserve that debt capacity for other permanent improvements, the circumstances of the bond market, the laws respecting debt issuances by the City, and other applicable laws and circumstances. _Section, .~ Plans for Proposed Redevelopment. The Developer shall present to the City (for use by the City and its consultants) a proposed detailed development plan and pro forma financial projections for the redevelopment .project and each element thereof; and the City and Developer shall con- duct good faith discussions with respect to such plans (including .their content and form), in a manner that will facilitate analy- sis of the plans and assist in the discussions and negotiations between the parties with respect to the development plan. The City through its appropriate .agencies (including its planning agencies), officials, employees and consultants, shall have the right to review and approve (which approval shall not be unreasonably withheld) all firms or persons who will be respon- sible for the marketing and management of such project and pro- Ject elements. _ All plans referenced under this ~ection shall be sub- 5