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M <br />Additional Terms applicable to both the Economic Development <br />Agreement and the Tax Abatement Agreement <br />A. No Conflict of Interest. <br />6.1 The Owner represents and warrants that neither the Properties nor the <br />Improvements include any real or personal property that is owned or leased by a <br />member of the Paris City Council or the Planning and Zoning Commission or any <br />member thereof having responsibility for approval of this Agreement. <br />B. Conditions. <br />6.2 The terms and conditions of this Agreement are binding upon the parties <br />hereto and their successors and assigns. <br />6.3 It is understood and agreed between the parties that the Owner, in <br />performing its obligations hereunder, is acting independently, and the City assumes no <br />responsibility or liability in connection therewith to third parties; and Owner agrees to <br />release, indemnify and hold the City its elected officials, officers, employees and <br />attorneys harmless from any claims, lawsuits, damages, costs or attorney's fees <br />related to this Agreement. It is further understood and agreed among the parties that <br />the City, in performing its obligations hereunder, is acting independently, and the Owner <br />assumes no responsibility or liability in connection therewith to third parties. <br />C. Compliance Provisions <br />6.4 The Owner agrees that the City, its agents and employees, shall have <br />reasonable right of access to any and all records concerning Owner's investment in the <br />Improvements for the purpose of conducting an audit of the Improvements. Any such <br />audit shall be made only after giving the Owner notice at least fourteen (14) days in <br />advance and will be conducted in such a manner as to not unreasonably interfere with <br />Owner's property. Upon request, the Owner will provide the City with a detailed list of <br />all Improvements, including a list of materials used and cost thereof. <br />6.5 The Owner further agrees that the City, its agents and employees, shall <br />have reasonable right of access to the Property to inspect the Improvements in order to <br />insure that the construction of the Improvements are in accordance with this Agreement <br />and all applicable state and local laws and regulations or valid waiver thereof. After <br />completion of the Improvements, the City shall have the right to enter the Property and <br />conduct an inspection of the completed Improvements. <br />D. Initial and Annual Reporting. <br />6.6 The Owner further agrees that it will, within thirty (30) days of completion <br />of each dwelling unit as it issued a Certificate of Completion by the City, provide the <br />CITY with a sworn report, written on Owner's letterhead and signed by a designated <br />6 <br />