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13. No additional security or surety shall be provided by the Developer, or its assignees, for <br />the construction of the Authorized Improvements beyond typical performance bond or <br />other similar surety agreements for those costs not being funded by the PID bonds. <br />14. It is agreed that the Developer, or its subsequent assignees, shall be obligated to petition <br />the City to dissolve the PID if no PID Bonds are issued within a period of ten (10) years <br />from the date of the formation of the PID by the City Council. <br />15. It is agreed that all principal landowners shall provide any required continuing disclosure <br />obligations associated with the issuance of PID Bonds as required under the Indenture or <br />any other regulatory agreement or regulatory agency. <br />16. PID bonds shall be issued and Proceeds made available by the City upon request by the <br />Developer immediately upon completion and acceptance by the City of the Authorized <br />Improvements as described in the Project Timetable. Proceeds from the issuance of the <br />PID bonds shall be used to reimburse the Developer for the costs to construct the <br />Authorized Improvements. The planning and documentation of a PID bond issue shall <br />begin no later than 120 days in advance of the expected completion date of the <br />construction of the Authorized Improvements. <br />17. It is agreed that the authority to approve the placement of permanent art, monuments and <br />or structures within the Project resides with the City Council, and that the Public Art <br />Authorized Improvements shall be approved in accordance with the policy adopted under <br />Resolution No. 2005 -43. <br />EXHIBITS <br />A. Legal Description <br />B. Concept Plan <br />C. Authorized Improvements <br />D. Phasing Plan / PID Phases <br />E. Value to Lien Bond Capacity Analysis <br />F. Estimated Asset Value at Build Out / Assessment Allocation at Build Out Analysis <br />G. Bond Sizing Analysis <br />