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this Agreement. Under no circumstances shall the City's obligations hereunder be deemed to <br />create any debt within the meaning of any constitutional or statutory provision. Consequently, <br />notwithstanding any other provision of this Agreement, the City shall have no obligation or <br />liability to pay any Grant Payments or other payments unless the City budgets and appropriates <br />funds to make such payments during the City's fiscal year in which such Grant Payment(s) or <br />other payments are payable under this Agreement. <br />Section 6.03. No City Liability for Operation Expenses. The Developer <br />acknowledges that the City is not committed or obligated to pay any expenditure incurred with <br />respect to the operation of the Business or the Project, and is only obligated to make Grant <br />Payments as set forth in this Agreement. <br />Section 6.04. No Recourse. Developer shall have no recourse against the City for <br />failing to budget and appropriate funds during any fiscal year to meet the purposes and <br />obligations under this Agreement. <br />ARTICLE VII <br />INFORMATION <br />Section 7.01 . Information. The Developer shall, at such times and in such form as City <br />may reasonably request from the Developer, provide information concerning the performance of <br />the Developer's obligations under this Agreement. <br />Section 7.02. Annual Reports Related To Construction, Jobs, And Compliance <br />With Agreement. No later than January 30 of each year during the Term, the Developer shall <br />submit to the City a certified statement in the form attached as Exhibit "E", signed by an <br />authorized officer or employee of the Developer, providing the following information: <br />a. a description and the value of all Personal Property added in the prior year <br />and cumulatively since the Effective Date and the Personal Property Taxes attributable