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2.Q6. Prohibition a ainst Transfer of the Pro-oert <br />City enters this Agreement in furtherance of the goal of <br />neighborhood revitalization and in reliance on the Developer's <br />representation that he shares this goal and does not intend merely <br />to speculate in land values. Prior to the issuance of a <br />Certificate of Completion as provided for in Section 2.07 of this <br />Agreement, Developer shall not sell, transfer, convey, assign, or <br />lease the Property, or any part thereof, without prior approval of <br />the City. <br />2.09. Nonassi nabilit and Dele anon <br />Developer shall not assign any rights under this Agreement <br />except upon prior written authorization from the City. <br />Developer shall not make any delegation, of authority or <br />responsibility which would in any way purport to relieve Developer <br />of any covenant imposed by this Agreement. <br />2.10, Occu anc of the Prot�ert <br />Developer represents that at the time this document was <br />executed by the parties, the Property was uninhabited and will <br />remain so for the duration of the Project. Therefore, Developer <br />shall hold City harmless for any relocation claims arising out of <br />the Project. <br />ARTICLE 3 <br />CITY LOAN <br />3.01. —City Loan Commitment <br />The City hereby commits to provide a City Loan to Developer, <br />in the principal amount of $ to assist in financing the <br />Project, subject to the terms and conditions hereinafter set forth. <br />The amount of the City Loan represents the sum of funds to be <br />loaned to Developer pursuant to the programs: following housing loan <br />Infill Loan Program: $ <br />Offsite Improvement Loan Program: $ <br />Rehabilitation Loan Program: $34r3io <br />�00 <br />Page 4 of 10 Pages <br />EXH113IT I <br />