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15. Developer Representa.tions and Covcnants. The Developer hereby makes the following <br /> representations and cavenanta: <br /> {a) `Ths Developer ha.s the legal authority and power to enter into this Agreement. <br /> (b} The Developer reasonably�xpects ta obtain fmancial resaurces sufficient to enable <br /> the completion of the Improvernents. <br /> (c) The Developer will, subject to the requirements of Section B - Installation and <br /> Maintenance of Improvements hereof, construct, operate and maintain the <br /> Improvements in accordance with the terms of this Agxeement and al�local,state and <br /> federal laws and regulations, and will construct or pay the costs of construction of <br /> any site ixnprovements, utilities, landscaping, stormwater management facilities, <br /> roads,parking facilities which are necessasy in connection with the construction and <br /> such improvements. <br /> {d) At such time or times as may be raquired by law,the Developer will have complied <br /> wi.th all local, state and federal environmental reviews, licenses, and will be in <br /> compliance with the requirements of federal, state, and local authority. <br /> (e) The Developer will obtain, in a timely manz�er, a11 required permits, licenses and <br /> approvals,and will meet,in a timely mann.er,all requiremezrts of all local,state,an.d <br /> federal laws and regulations which must be obtained or met before t1�e Improvements <br /> may be constructed. <br /> (fl It is intended and agreed that the covenants provided in this Section shall be <br /> covenants nmiling with the land not tha owner or developer. <br /> 16. City Representations an.d Covenants: The City makes the following representataoxzs 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 will,in a timelymanz�er,subj ect to all notification requirements,review and <br /> act upon all submittals and application of the Developer and will cooperate with the <br /> effort of the Developer to secure the granting of anypermit,license,or other approval <br /> required to construct and operate the Improvements;provided,however,that nothing <br /> Developer Initial� <br /> City Clerk Ini�ial� <br /> Page 7 of 12 <br />