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(h> It is intended and agreed that the covenants provided in this Section shall remain in <br />efTect throughout the Terms and shall be covenants running with the land not the <br />owner or developer. <br />17. City Representations and Covenants: The City makes the following representations as the <br />basis for the undertaking on its part here in contained: <br />(a) The City is authorized by law to enter into this Agreement and to carry out its <br />obligations hereunder. <br />(b) The City w ill. in a timely manner, subject to all notification requirements, review and <br />act upon all submittals and application of the Developer and will cooperate '.'•ith the <br />eRort of the Developer to secure the granting of any permit, license, or other approval <br />required to construct and operate the Improvements; provided, however, that nothing <br />contained in this subparagraph shall be construed to limit in any way the reasonable <br />and legitimate exercise of the City's discretion in considering any submittal or <br />application. <br />(c) The Development Propertx is zoned for purposes which include the Development as <br />proposed. The city luis issued all ncce.ssary residential planned unit development <br />(RPUD) approval, and plat approval of Orono Woods Addition. <br />(d) The City has duly taken such steps as it is required to take to approve the TIP District <br />and TIP Plan pursuant to and in accordance with the TIP Act and the City covenants <br />to discharge such future obligation. The City acknowledges that, as a housing TIP <br />District, the TIP District is subject to specific requirements and limitation under the <br />TIP Act. including the requirements that: <br />(1) The increment be expended in accordance with the TIP Plan (Section <br />469.176. Subdivision 4) and solely to fiiunce the cost of "housing projects", <br />as defined in Section 469.174. Subdivision 11, which may include the cost <br />of public improvements directl) related to the housing projects and allocated <br />administrative expenses (469.176. Subdivision 4d) <br />(2) The income limitations under Section 469.1761. the violation of which may <br />limit the TIP District’s duration to that of on economic development district <br />(Section 469.1761. Subdivision 4) <br />Pagcllofl?