1981-142 CRA - Laserfiche WebLink

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. . I . . (A) obligations.of the Participating Party incurred for labor and materials (including reimbursements payable to the Participating Party and payments on contracts in the name of the Participating Party) in connection with the rehabilitation of the Project; (B) the cost of c.ontract bonds and of insurance of all kinds that may be required or necessary during the course of the rehabilitation of the Project; (C) all costs of architectural and engineering services, -including the costs of surveys, estimates, plans and specifications and preliminary investigations therefor, and for supervising construction, as well as for the performance of all .other duties required by or consequent upon the proper rehabilitation of the Project; or (D) any other costs or expenses incurred on or after the date upon which the Agency took official action with respect t.o the Project, as determined by the Agency, which are properly chargeable to the capital account for, and constitute capital expenditures f.or, the Project or with a proper election by the Participating Party or but for such an election would c.onstitute capital expenditures for the Project. (ii) all costs and expenses incurred by the Agency in c.onnection with the determination as to the feasibil ity or practicabil ity of undertaking the Project, and in connection with the administration and supervision of the Project including architect, engineering, survey and appraisal fees and costs; and (iii) all expenses incurred in connection with the closing of the Loans and the issuance of the N.ote, including without limitati.on loan fees, legal and accounting expenses and fees, costs of title insurance, costs of printing, and recording and filing fees; (p) Projects. "Projects" means Project 6A and Pr.oject 6B. "Project 6A" means the rehabilitation of the properties located at 515 North Main Street, which properties are owned by Arcade Partnership. "Project 6B" means the rehabi 1 i ati on of the properties located at 402 West Fourth Street, which properties are owned by Blanche Ann Marks and Ronald A. Marks. (q) Promissory Notes. "Promissory Notes" means the notes executed by the respective Participating Parties evidencing and securing the repayment of the respective Loans pursuant to the respective Agreements. (r) Purchase Agreement. "Purchase Agreement" means that certain Purchase Agreement dated December IS, 1981, pursuant to the terms of which the Bank agrees to purchase the Note from the Agency and the Agency agrees to sell the Note to the Bank. (s) Revenues. "Revenues" means all rents, receipts, payments and other income and revenue received by the Agency or the Bank with respeét t.o, 4