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that are required under the subdivision agreement for the development of the DELO PUD <br />(“Subdivision Agreement”). The deposit and use of the Bond Proceeds in the <br />Construction Fund shall be accounted for separately from the deposit and use of the <br />Owner’s Funds in a manner that will allow identification of the specific costs paid from <br />each such two sources. <br />(e)(f)Property Owner shall use commercially reasonable efforts to provide one <br />or more investors for all or part of the Bonds within one (1) year after the date of <br />adoption by the City Council of the resolution approving the first phase of the DELO <br />PUD. Should Property Owner not provide investors for all of the Bonds within such 1- <br />year period, then the LRC may in its discretion determine not to issue, to delay issuance <br />of, or to limit the amount of the Bonds issued to the amount willing to be purchased by <br />the investors found by the Property Owner. The closing conditions set forth in Exhibit C <br />shall be satisfied prior to closing on the issuance of the Bonds. The URA Public <br />Improvements shall not be bid if the Bonds are not issued or the Owner’s Funds are not <br />deposited, as applicable, in an amount sufficient to pay for the URA Public <br />Improvements. Further, if the bid costs of the URA PublicImprovements exceed the <br />engineer’s estimates, contracts for completion of the URA Public Improvements shall not <br />be executed or let until the Property Owner deposits into the Construction Fund <br />additional Owner’s Funds in the amount of the difference between the engineer’s <br />estimates and the proposed contract price. <br />2.Identification of Public Improvements. <br />4 <br />15 <br />