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If the timeline for these tasks is not met, the Development Services Director, <br /> or designee, at his or her option, may declare an event of default pursuant to the <br /> procedures set forth in Section 6.02 of the Loan Agreement. The timeline for these <br /> tasks may be changed upon prior written approval of the Development Services <br /> Director, or designee. <br /> J:\WPD\MNRSW\136\001 WGREE\1999\CDBG\Citizens Loan Agreement Final.wpd <br /> 2 <br />