east liberty station: realizing the potential - City of Pittsburgh

WHEREAS, elTRIDRA desires to issue its 2012 TRID Note in an aggregate principal
amount of insert gross amount pursuant to the terms of the Indenture (hereinafter defined),
which 2012 TRID Note shall be designated as the East Liberty TRID Revitalization Authority
Transit Revitalization Investment District Funding Note (insert name Project), Series 2012 (the
“2012 TRID Note”), or such other designation as elTRIDRA should subsequently determine, to
fund the insert name Public Improvements; and
WHEREAS, the 2012 TRID Note shall be issued pursuant to the Trust Indenture (the
“Indenture”) dated as of insert date, between elTRIDRA and insert trustee name and shall be
limited obligations of elTRIDRA payable from the Trust Estate (as defined in the Indenture),
which shall include the positive tax increments realized from the elTRID Boundary and other
sources and security as described in the Indenture; and
WHEREAS, as additional security and credit enhancement for the 2012 TRID Note,
insert description of any additional security or credit enhancement (the insert abbreviation);
and
WHEREAS, pursuant to a Cooperation Agreement (the “Cooperation Agreement”)
among the Taxing Bodies, the Port Authority of Allegheny County (the “Port Authority”), the
Urban Redevelopment Authority (the “URA”) and the elTRIDRA, the Taxing Bodies shall
contribute insert percentage of tax revenues to assist in the funding and/or refinancing of the
insert name Public Improvements in accordance with the elTRID; and
WHEREAS, private developer and elTRIDRA are entering into this Development
Agreement in order that elTRIDRA shall undertake to fund the insert name Public
Improvements to facilitate the insert name Project as described in the Indenture, the Cooperation
Agreement and the elTRID; and
WHEREAS, the 2012 TRID Note will be purchased by insert name of TRID Note
purchaser/investor.
NOW THEREFORE, intending to be legally bound by the terms of this Development
Agreement, by their mutual promises and for other valuable consideration, elTRIDRA and
private developer agree as follows:
1. Definitions. The recitals to this Development Agreement and the terms defined
above in the heading and in such recitals are incorporated herein by reference. In addition, the
following terms shall have the meanings provided below:
“Certificate of Independent Inspector” means a certificate prepared by the Independent
Inspector in the form set forth in Schedule II to Exhibit B hereto certifying that the work for
which a Payment Request has been submitted to elTRIDRA has been completed in accordance
with the plans and specifications.
“Completion Date” means insert project completion date.
2