Reso 1996-166 to 170 - Laserfiche WebLink

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discharge or prevent liens or encumbrances arising from any acts or omissions of Developer; (b) Second, to reimburse the Agency for the difference between the Agency's purchase price for the Property, environmental work, demolition, and acquisition costs, minus the Developer's Purchase Price; (c) Third, to repay any outstanding loans or promissory notes owed by Developer to the City of San Leandro Economic Development Authority; (d) Fourth, to the Developer up to the sum of the amount paid to the Agency for the Property and the reasonable cost of the Improvements Developer has placed on the portion of the Property reverting to the Agency; and (e) Fifth, any balance to the Agency. The rights of the Agency pursuant to this Section 8.01 shall be set forth in the Grant Deed. 8.02 Construction Plans. If the Agreement is terminated pursuant to Section 7.04 of this Part, Developer shall deliver to the Agency copies of any development or construction plans Developer has had prepared for the Improvements on the Property. Developer does not warrant or guarantee the correctness or usability of any plans delivered to the Agency. 8.03 Rights of Mortgages. Any rights of the Agency under this Article Eight shall not defeat, limit or render invalid any lease, mortgage, deed of trust or any other security interest permitted by this Agreement or any rights provided for in this Agreement for the protection of holder of security interests in the Property. Disposition and Development Page 25 of 39 Agreement (Automall) 10/2/96