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D. Because of the importance of the elimination of blight and the implementation of <br />the Plan to the citizens of the City, the LRC, City and Property Owner desire to set forth their <br />agreement concerning the funding of public infrastructure within the Core Project Area. <br />NOW, THEREFORE, in consideration of the foregoing recitals, mutual covenants and <br />promises set forth below, the receipt and sufficiency of which are mutually acknowledged, the <br />City, LRC, and the Property Owner agree as follows: <br />1.LRC Bond Financing. <br />(a)Subject to and in accordance with Exhibit C hereof, and subject to <br />Property Owner’s performance of its obligations hereunder, the LRC shall use <br />commercially reasonable efforts to issue no more than $4,000500,000 in Bonds, the <br />proceeds of which shall be used to finance the cost of issuance of the Bonds, reserve <br />funds, and portions of the costs associated with the construction of the Public <br />Improvements set forth on Exhibit D, which Public Improvements shall qualify for URA <br />funding and shall be dedicated to the City or have perpetual public access easements to <br />the benefit of the City ("URA Public Improvements)." <br />portions of the costs of the public improvements set forth on Exhibit D, which <br />public improvements shall qualify for URA funding and shall be dedicated to the <br />City (“URA Public Improvements”). <br />(a)(b)The Parties agree that Butler Snow L.L.P. (Dee Wisor) shall act as bond <br />counsel for the Bonds, George K. Baum (Alan Matlosz) shall act as either financial <br />2 <br />13 <br />