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This record contains private information, which has been redacted from public viewing.
Record #: O2017-8599   
Type: Ordinance Status: Passed
Intro date: 12/13/2017 Current Controlling Legislative Body: Committee on Finance
Final action: 1/17/2018
Title: Redevelopment agreement with Presence Health Network for construction of headquarters and neighborhood facilities
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Redevelopment
Attachments: 1. O2017-8599.pdf, 2. O2017-8599 (V1).pdf
ORDINANCE

WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City of Chicago (the "City") on November 15, 2006 and published at pages 92019-92099 of the Journal of the Proceedings of the City Council (the "Journal") of such date, a certain redevelopment plan and project for the LaSalle Central Redevelopment Project Area (the "Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) (the "Act"), and amended pursuant to an ordinance adopted on February 7, 2007 and published at pages 97850-97855 of the Journal of such date, and amended pursuant to an ordinance adopted on May 9, 2007 and published at pages 104253-104259 of the Journal of such date (such amended plan and project are referred to herein as the "Plan"); and

WHEREAS, pursuant to an ordinance adopted by the City Council on November 15, 2006 and published at pages 92100-92107 of the Journal of such date, and amended pursuant to an ordinance adopted on February 7, 2007 and published at pages 97850-97855 of the Journal of such date, and amended pursuant to an ordinance adopted on May 9, 2007 and published at pages 104253-104259 of the Journal of such date, the Area was designated as a redevelopment project area pursuant to the Act; and

WHEREAS, pursuant to an ordinance (the "TIF Ordinance") adopted by the City Council on November 15, 2006 and published at pages 92108-92114 of the Journal of such date, and amended pursuant to an ordinance adopted on February 7, 2007 and published at pages 97850-97855 of the Journal of such date, and amended pursuant to an ordinance adopted on May 9, 2007 and published at pages 104253-104259 of the Journal of such date, tax increment allocation financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant to the Plan; and
WHEREAS. Presence (Health Network an Illinois not-for-profit corporation (the 'Developer"), has leased a portion of an office building constructed on real property located within the Area and commonly known as 200 South Wacker Drive. Chicago, Illinois, in which the Developer has located its corporate Headquarters (the "Headquarters"), and
WHEREAS, in connection with its occupancy ofthe Headquarters, the Developer has constructed substantial tenant improvements and has created or retained at least 200 full-time equivalent positions; and
WHEREAS, the Developer has renovated or will renovate four other medical properties located in other neighborhoods ofthe City (the "Neighborhood Facilities"); and
WHEREAS, the construction of the Headquarters and Neighborhood Facilities is collectively referred to herein as the "Project"; and
WHEREAS, the Developer proposes to undertake the Headquarters portion of the Project in accordance with the Plan and pursuant to the terms and conditions of a proposed redevelopment agreement to be executed by the Developer and the City, to be financed in part by Incremental Taxes, if any, deposited in the LaSalle Central

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Redevelopment Project Area Special Tax Allocation Fund (as defined in the TIF Ordinance); and

WHEREAS, the Developer further proposes to undertake the Neighborhood Facilities portion of the Project in accordance with the terms and conditions of the proposed redevelopment agreement to be executed by the Developer and the City; and

WHEREAS, pursuant to Resolution 17-CDC-24 adopted by the Community Development Commission of the City (the "Commission") on November 14, 2017, the Commission recommended that the Developer be designated as the developer for the Project and that the City's Department of Planning and Development ("DPD") be authorized to negotiate, execute and deliver on behalf of the City a redevelopment agreement with the Developer for the Project; now therefore,

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

SECTION 1. The above recitals are incorporated herein and made a part hereof.
SECTION 2. The Developer is hereby designated as the developer for the Project pursuant to Section 5/11-74.4-4 ofthe Act.

SECTION 3. The Commissioner of DPD (the "Commissioner") or a designee of the Commissioner are each hereby authorized, with the approval of the City's Corporation Counsel as to form and legality, to negotiate, execute and deliver: (a) a redevelopment agreement between the Developer and the City in substantially the form attached hereto as Exhibit A and made a part hereof (the "Redevelopment Agreement"); and (b) such other supporting documents as may be necessary to carry out and comply with the provisions of the Redevelopment Agreement, with such changes, deletions and insertions as shall be approved by the persons executing the Redevelopment Agreement.

SECTION 4 If any provision of this ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such provision shall not affect any of the other provisions of this ordinance

SECTION 5. All ordinances, resolutions motions or orders in conflict with this ordinance are hereby repealed to the extent of such conflict
SECTION 6. This ordinance shall be in full force and effect immediately upon its passage and approval.












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EXHIBIT A
REDEVELOPMENT AGREEMENT (see attached)















































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This agreement was prepared by and
after recording return to
Keith A. May, Esq.
City of Chicago Department of Law
121 North LaSalle Street, Room 600
Chicago, IL 60602

PRESENCE HEALTH NETWORK REDEVELOPMENT AGREEMENT

This Presence Health Network Redevelopment Agreement (this "Agreement") is made as of
this day of , 2017, by and between the City of Chicago, an Illinois municipal
corporation (the "City"), through its Department of Planning and Development ("DPD"), and Presence Health Network, an Illinois not-for-profit corporation (the "Developer").

RECITALS

A. Constitutional Authority: As a home rule unit of government under Section 6(a), Article VII of the 1970 Constitution of the State of Illinois (the "State"), the City has the power to regulate for the protection of the public health, safety, morals and welfare of its inhabitants, and pursuant thereto, has the power to encourage private development in order to enhance the local tax
base, create employment opportunities and to enter into contractual agreements with private parties in order to achieve these goals

B Statutory Authority The City is authorized under the provisions of the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74 4-1 et seq , as amended from time to time (the "Act"), to finance projects that eradicate blighted conditions and conservation area factors through the use of tax increment allocation financing for redevelopment projects

C. City Council Authority: To induce redevelopment pursuant to the Act, the City Council of the City (the "City Council") adopted the following ordinances on November 15, 2006: (1) "An Ordinance of the City of Chicago, Illinois Approving a Redevelopment Plan for the LaSalle Central Redevelopment Project Area"; (2) "An Ordinance of the City of Chicago, Illinois Designating the LaSalle Central Redevelopment Project Area as a Redevelopment Project Area Pursuant to the Tax Increment Allocation Redevelopment Act"; and (3) "An Ordinance of the City of Chicago, Illinois Adopting Tax Increment Allocation Financing for the LaSalle Central Redevelopment Project Area" (the TIF Adoption Ordinance") (items(1 )-(3) collectively referred to herein as the "TIF Ordinances"). The TIF Ordinances were corrected by ordinances adopted by the City Council on February 7, 2007 and May 9, 2007. The redevelopment project area referred to above (the "Redevelopment Area") is legally described in Exhibit A hereto.

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D. The Property The Headquarters (as defined herein) is located in the Redevelopment Area at 200 South Wacker Drive, Floors 11 and 12, Chicago, Illinois 60606, in leased space at the property legally described in Exhibit B (the "Property").

E The Project The Developer, as a tenant of the Property, has renovated the Headquarters and intends to renovate or rehabilitate other properties located within the City, as follows
Headquarters: The Developer has completed the build out of 44,486 square feet of leased space at the Property, and shall locate its Officers (as defined herein) and other leadership and corporate administration teams, operate the Property as the Headquarters of the Developer, and locate a total of approximately 200 employees at the Property (the "Headquarters") . Some of the Headquarters employees and Officers may divide their time between the Headquarters, the four other facilities included in the Project (as defined herein), and other sites occupied by the Developer and/or its affiliates within the City of Chicago.
Presence Saints Mary and Elizabeth Medical Center, Center for Cancer and Specialty Care: The Developer has renovated a former convent owned by the Developer located at 2216 West Thomas Street, Chicago, Illinois 60622 into a state ofthe art cancer center named Presence Saints Mary and Elizabeth Medical Center, Center for Cancer and Specialty Care (the "Cancer Center"). The Cancer Center project includes the substantial renovation of 7,300 square feet, demolition of 1,700 square feet, and construction of 5,900 square feet of additional space. This renovation resulted in a net increase in building area of 4,200 square feet. The Cancer Center will provide state-of-the-art infusion and radiation treatments for approximately 13,500 patients. Patient and family centered care will be enhanced through: enhanced radiation oncology and imaging capabilities which will be updated to current market standards, financial counseling services to help patients who have difficulty paying medical bills, dedicated dietetic services for cancer patients, a patient-centered reception area focused on education, and a community resource center. The Cancer Center will have private treatment rooms, an in-house pharmacy, a dedicated, personal care navigator, and a community room for support groups educational and social activities

in Avondale Presence Neighborhood Medical Home The Avondale Presence Neighborhood Medical Home, located at 2929 North California Avenue, Chicago, Illinois 60618 is an $884,000 investment in tenant improvements to a previously vacant 8,000 square foot building leased by Developer The Developer has converted the building into a patient centered medical facility which provides an integrated system of service for approximately 1,000 patients (the "Avondale Medical Home"). The Avondale Medical Home will provide an integrated system of services focused on prevention, health maintenance, and chronic disease management as part of primary care. The facility connects patients with a primary care physician and a team of care providers who are focused on promoting long-term health This team-based care approach includes: physicians and midlevel providers, medical assistants, patient representative, practice manager, registered nurse care coordinator, licensed certified social worker, and dietitian.

iv. Calumet Heights Unite Here Presence Neighborhood Medical Home: The Developer will make extensive interior and exterior renovations to the building of an established medical practice, Calumet Heights Unite Here Presence Neighborhood Medical Home located at 9000 South Stony Island Avenue, Chicago, Illinois 60617 (the "Calumet Heights Medical Home"). The existing medical practice occupies 4,935 square feet and is|1010|
currently owned by Presence Health. The project will expand into some currently underutilized space in the same building to occupy 6,215 square feet The project is to renovate, update, and expand the space to improve and expand the services offered. The Calumet Heights Medical Home will serve approximately 4,200 patients from Chicago's south side communities. The practice focuses on internal medicine, cardiology and infectious disease care for high risk patients

v Belmont-Craqin Presence Neighborhood Medical Home: The Developer has relocated and expanded an existing Presence Medical Group practice located at 5322 West Fullerton Avenue, Chicago, Illinois 60639 and leased space at 2257-59 North Cicero Avenue, Chicago, Illinois 60639 to establish a patient centered medical home (the "Belmont-Craqin Medical Home"). This redevelopment expanded the current medical practice from 1,640 square feet to approximately 6,000 square feet and will serve approximately 4,000 patients. In addition to primary care, the facility will provide care management and care coordination across health care settings. The facility connects patients with a primary care physician and a team of care providers who work to promote long-term health.

The Headquarters, Cancer Center, Avondale Medical Home, Calumet Heights Medical Home, and Belmont-Cragin Medical Home (including but not limited to those TIF-Funded Improvements as defined below and set forth on Exhibit C) are collectively referred to herein as the "Project". The Project includes the following permanent index numbers (the "Project PINs" or the "PINs"):
PIN(s)

Project
Headquarters 17-16-214-002-0000: 17-16-214-003-0000
Avondale Medical Home 13-25-215-034-0000: 13-25-215-033-0000:
13-25-215-007-0000
Belmont-Craain Medical Home 13-34-107-001: 13-34-107-002: 13-34-107-
003: 13-34-107-004: 13-34-107-005: 13-34-107-Q_06; 13-34-107-007. 13-34-107-008 13-34-107-




C_a.lu.met Heights Medical Home Cancer Center
009.
1 3-34-107 0:0 13 34 1.0 / C 1 13-34-107-012, " 13 34 107-013
25-02-226-009. 25_I02__226-010;. 25-02-226-011
17-06-301-024

The Project will create a substantial public benefit through its creation or retention of not less than (200) FTE positions (as defined below) at the Headquarters . It is also anticipated that the Project has or will create 128 construction-related jobs and will create or retain approximately thirty-nine (39) permanent full-time positions at the other four locations

F Redevelopment Plan: The Project will be carried out in accordance with this Agreement and the City of Chicago LaSalle Central Tax Increment Financing Redevelopment Area Project and Plan (the "Redevelopment Plan") included in the TIF Ordinances and published at pages 92019 to 92099 of the Journal of the Proceedings of the City Council (the "Journal") of November 15, 2006, as amended by ordinances adopted on on February 7, 2007 and published in the Journal for said date at pages 97850 to 97855, and on May 9, 2007 and published in the Journal for said date at pages 104253 to 104259.
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G. Citv Financing: The City agrees to use, in the amounts set forth in Section 4.03 hereof, Incremental Taxes (as defined below), to pay for or reimburse Developer for the costs of TIF-Funded Improvements pursuant to the terms and conditions of this Agreement.

In addition, the City may, in its discretion, issue tax increment allocation bonds (the "TIF Bonds") secured by Incremental Taxes pursuant to a TIF bond ordinance (the TIF Bond Ordinance"), the proceeds of which (the "TIF Bond Proceeds") may be used to pay for the costs of the TIF-Funded Improvements not previously paid for from Incremental Taxes in order to reimburse the City for the costs of TIF-Funded Improvements.

Now, therefore, in consideration ofthe mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

SECTION 1. RECITALS, HEADINGS AND EXHIBITS

The foregoing recitals are hereby incorporated into this Agreement by reference. The paragraph and section headings contained in this Agreement, including without limitation those set forth in the following table of contents, are for convenience only and are not intended to limit, vary, define or expand the content thereof. Developer agrees to comply with the requirements set forth in the following exhibits which are attached to and made a part of this Agreement. All provisions listed in the Exhibits have the same force and effect as if they had been listed in the body of this Agreement.
Table of Contents
Recitals, Headings and Exhibits
Definitions
The Project
Financing
Conditions Precedent
I 6 Agreements with Contractors|109|Completion of Construction or Rehabilitation|109|Covenants/Representations/Warranties of Developer
: 9 Covenants/Representations/Warranties of the I City
! 10 Developer's Employment Obligations 11 Environmental Matters
Insurance
Indemnification
Maintaining Records/Right to Inspect
Defaults and Remedies
Mortgaging ofthe Project

Notice
Miscellaneous
List of Exhibits
A *Redevelopment Area
B *Property
C *TIF-Funded Improvements
D Jobs and Occupancy Certificate
E Construction Contract
F [intentionally omitted]
G 'Permitted Liens
H-1 "Project Budget
H-2 *MBE/WBE Budget
I [intentionally omitted]
J Opinion of Developer's Counsel
K [intentionally omitted]
L Requisition Form
M Form of Subordination Agreement
N Form of Payment Bond

(An asterisk (*) indicates which exhibits are to be recorded.)


SECTION 2. DEFINITIONS
For purposes of this Agreement, in addition to the terms defined in the foregoing recitals, the following terms shall have the meanings set forth below:
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"Act" shall have the meaning set forth in the Recitals hereof.

Affiliate" shall mean any person or entity directly or indirectly controlling, controlled by or under common control with Developer

Annual Compliance Report" shall mean a signed report from Developer to the City (a) itemizing each of Developers obligations under this Agreement during the preceding calendar year, (b) certifying Developer's compliance or noncompliance with such obligations, (c) attaching evidence (whether or not previously submitted to the City) of such compliance or noncompliance and (d) certifying that Developer is not in default with respect to any provision of this Agreement, the agreements evidencing the Lender Financing, if any, or any related agreements; provided that the obligations covered by the Annual Compliance Report shall include the following: (1) compliance with the Operating Covenant (Section 8.06) and the Jobs Covenant (Section 8.06); (2) delivery of Financial Statements and unaudited financial statements (Section 8.13); (3) delivery of updated insurance certificates, if applicable (Section 8.14); (4) delivery of evidence of payment of Non-Governmental Charges, if applicable (Section 8.15); and (5) compliance with all other executory provisions ofthis Agreement.
"Available Incremental Taxes" shall mean for each payment, an amount equal to the Incremental Taxes on deposit in the TIF Fund as of December 31 st of the calendar year prior to the year in which the Requisition Form for such payment is received by the City, and which is available for the financing or payment of Redevelopment Project Costs, after deducting all Incremental Taxes previously allocated or pledged by the City before the date of this Agreement including, without limitation, Incremental Taxes allocated or pledged for the Prior TIF Financings, and (iii) debt service payments with respect to the Bonds, if any.
"Available Project Funds" shall mean: (1) the undisbursed City Funds; (2) the undisbursed Lender Financing, if any; (3) the undisbursed Equity and (4) any other amounts deposited by Developer pursuant to this Agreement.
"Avondale Medical Home" shall have the meaning set forth in the Recitals hereof
Belmont-Craigin Medical Home" shall have the meaning set forth in the Recitals hereof
Bond(s)'' shall have the meaning set forth for such term in Section 8.05 hereof
Bond Ordinance shall mean the City ordinance authorizing the issuance of Bonds
Business Relationship" shall have the meaning set forth for such term in Section 2-156-080 ofthe Municipal Code.

"Calumet Heights Medical Home" shall have the meaning set forth in the Recitals hereof.

"Cancer Center" shall have the meaning set forth in the Recitals hereof.

"Certificate" shall mean the Certificate of Completion of Construction described in Section 7.01 hereof.
Change Order" shall mean any amendment or modification to the Scope Drawings, Plans and Specifications or the Project Budget as described in Section 3.02, Section 3.03 and Section 3.04, respectively
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City Contract" shall have the meaning set forth in Section 8.01(1) hereof
City Council" shall have the meaning set forth in the Recitals hereof.
"City Funds shall mean the funds described in Section 4.03(b) hereof
"Closing Date" shall mean the date of execution and delivery of this Agreement by all parties hereto, which shall be deemed to be the date appearing in the first paragraph of this Agreement, which such date shall not be more than 180 days after the date of the City Council adoption of the ordinance authorizing DPD to enter into this Agreement.

"Compliance Period" shall mean the longer of (1) if the Developer does not deliver an Extension Notice, a period beginning on the date the Certificate is issued and ending on thelOth anniversary of the date the Certificate is issued, and (2) if the Developer delivers an Extension Notice and cures the applicable Event of Default during the one-year period in which the Extension Notice was delivered, a period beginning on the date the Certificate is issued and ending on the 11th anniversary of the date the Certificate is issued.

"Contract" shall have the meaning set forth in Section 10.03 hereof.

"Contractor" shall have the meaning set forth in Section 10.03 hereof.

"Construction Contract" shall mean that certain contract, substantially in the form attached hereto as Exhibit E, to be entered into between Developer and the General Contractor providing for construction of the Headquarters.

"Corporation Counsel" shall mean the City's Department of Law.

"Developer" shall mean Presence Health Network, an Illinois not-for-profit corporation, together with its permitted successors and/or assigns

DPD shall mean the City's Department of Planning and Development or any successor department thereto

EDS shall mean the City's Economic Disclosure Statement and Affidavit, on the City's then-current form, whether submitted in paper or via the City's online submission process

Employer(s)" shall have the meaning set forth in Section 10 hereof

"Environmental Laws" shall mean any and all federal, state or local statutes, laws, regulations, ordinances, codes, rules, orders, licenses, judgments, decrees or requirements relating to public health and safety and the environment now or hereafter in force, as amended and hereafter amended, including but not limited to (i) the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. Section 9601 et seq.); (n) any so-called "Superfund" or "Superlien" law, (in) the Hazardous Materials Transportation Act (49 U.S C. Section 1802 et seq.), (iv) the Resource Conservation and Recovery Act (42 U.S.C. Section 6902 et seq.), (v) the Clean Air Act (42 U.S C. Section 7401 et seq); (vi) the Clean Water Act (33 U.S C Section 1251 et seg.); (vii) the Toxic Substances Control Act (15 U.S.C. Section 2601 et seq ); (viii) the Federal Insecticide, Fungicide and Rodenticide Act (7 U.S.C. Section 136 et seq.); (ix) the Illinois Environmental Protection Act (415 ILCS 5/1 et seg ); and (x) the Municipal Code.

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"Equity'1 shall mean funds of Developer (other than funds derived from Lender Financing) irrevocably available for the Project, in the amount set forth in Section 4.01 hereof, which amount may be increased pursuant to Section 4.06 (Cost Overruns) or Section 4.03(b)(6)

"Extension Notice" shall have the meaning set forth in Section 8.06 hereof

Event of Default" shall have the meaning set forth in Section 15 hereof

"Financial Interest" shall have the meaning set forth for such term in Section 2-125-010 of the Municipal Code.

"Financial Statements" shall mean complete audited financial statements of Developer prepared by a certified public accountant in accordance with generally accepted accounting principles and practices consistently applied throughout the appropriate periods.

"FOIA" shall have the meaning set forth in Section 8.23 hereof.

"Full-Time Equivalent Employee" or "FTE" shall mean a permanent full-time position ofthe Developer (or, with respect to job shares or similar work arrangements, such employees taken collectively) that requires work hours totaling at least 35 hours per week, and that is based at the Headquarters during the preceding year and shall not include persons employed as independent contractors, third party service providers, consultants or persons employed by the Developer in positions ancillary to the Developer's operations at the Headquarters, including, without limitation, food service workers, security guards, cleaning personnel, or similar positions.

"General Contractor" shall mean the general contractors set forth in and/or hired pursuant to Section 6.01 hereof.

"Hazardous Materials" shall mean any toxic substance, hazardous substance, hazardous material, hazardous chemical or hazardous, toxic or dangerous waste defined or qualifying as such in (or for the purposes of) any Environmental Law, or any pollutant or contaminant, and shall include, but not be limited to petroleum (including crude oil), any radioactive material or by-product material, polychlorinated biphenyls and asbestos in any form or condition
Headquarters shall have the meaning set forth in the Recitals hereof
Human Rights Ordinance" shall have the meaning set forth in Section 10 hereof.
In Balance" shall have the meaning set forth in Section 4.07 hereof
"Incremental Taxes" shall mean such ad valorem taxes which, pursuant to the TIF Adoption Ordinance and Section 5/11 -74.4-8(b) of the Act, are allocated to and when collected are paid to the Treasurer of the City of Chicago for deposit by the Treasurer into the TIF Fund established to pay Redevelopment Project Costs and obligations incurred in the payment thereof Incremental Taxes shall also include amounts, if any, transferred into the TIF Fund from contiguous redevelopment project areas pursuant to Section 5/11 -74.4-4(q) of the Act.

Indemnitee" and "Indemnitees" shall have the meanings set forth in Section 13.01 hereof.

"Installment" shall have the meaning set forth in Section 4.03(c) hereof.

Jobs and Occupancy Certificate" shall mean the Jobs and Occupancy Certificate|1010|
attached hereto as Exhibit D.

Jobs Covenant' shall have the meaning set forth in Section 8.06 hereof.

LaSalle Central Redevelopment Area" shall mean the Redevelopment Area established pursuant to ordinances adopted on November 15, 2006, as amended, in connection with the adoption of the LaSalle Central Redevelopment Plan.

"Laws ' shall mean all applicable federal, state, local or other laws (including common law), statutes, codes, ordinances, rules, regulations or other requirements, now or hereafter in effect, as amended or supplemented from time to time, and any applicable judicial or administrative interpretation thereof, including any applicable judicial or administrative orders, consent decrees or judgments, including, without limitation, Sections 7-28 and 11-4 of the Municipal Code relating to waste disposal.

"LEED" shall mean the Leadership in Energy and Environmental Design with respect to the Green Building Rating System maintained by the U.S. Green Building Council and applicable to commercial interiors.

"Lender Financing" shall mean funds, if any, borrowed by Developer from lenders and irrevocably available to pay for costs ofthe Project, in the amount set forth in Section 4.01 hereof.

"Letter of Credit" shall mean the irrevocable letter of credit that the Developer must issue to the City in accordance with Section 4.03(e) hereof.

"Living Wages" shall mean a base wage as that term is defined and calculated in Section 2-92-610 of the City of Chicago Municipal Code.

"Local Records Act" shall have the meaning set forth in Section 8.23 hereof.

Master Trust Indenture" means that certain Presence Health Master Trust Indenture dated as of August 1 2016 as amended, supplemented or restated from time to time.among the Obligated Group Members as set forth therein, and Bank of New York Mellon Trust Company, as Master Trustee and any master trust indenture entered into by the Obligated Group Members in substitution thereof

Maximum Payment Amount" shall have the meaning set forth in Section 4.03(c) hereof

"Maximum TIF Assistance" shall have the meaning set forth in Section 4.03(b)(1) hereof.

"MBE(s)" shall mean a business identified in the Directory of Certified Minority Business Enterprises published by the City's Department of Procurement Services, or otherwise certified by the City's Department of Procurement Services as a minority-owned business enterprise, related to the Procurement Program or the Construction Program, as applicable.

"MBE/WBE Budget" shall mean the budget attached hereto as Exhibit H-2, as described in Section 10.03

"MBE/WBE Program" shall have the meaning set forth in Section 10.03 hereof

"Municipal Code" shall mean the Municipal Code ofthe City of Chicago, as amended from time to time|1010|
New Mortgage" shall have the meaning set forth in Section 16 hereof.

Non-Governmental Charges ' shall mean all non-governmental charges, liens, claims, or encumbrances relating to Developer, the Property or the Project.

Officers" shall mean certain of Developer's executive and senior officer level employees performing the primary executive, financial, and policy making functions for the Developer.

"Operating Covenant" shall have the meaning set forth in Section 8.06 hereof.

" Payment Trigger'1 shall have the meaning set forth in Section 4.03(c) hereof.

"Permitted Liens" shall mean those liens and encumbrances against the Property and/or the Project set forth on Exhibit G hereto.

"Permitted Mortgage" shall have the meaning set forth in Section 16 hereof.

"Plans and Specifications" shall mean construction documents, and any amendments thereto, containing a site plan and working drawings and specifications for each portion of the Project, as submitted to the City as the basis for obtaining building permits for such portion of the Project.

"Prior Expenditure(s)" shall have the meaning set forth in Section 4.05(a) hereof.

"Prior TIF Financings" shall mean, collectively, the following: Accretive Health, JMC Steel Group, Miller Coors and United Airlines.

"Project'1 shall have the meaning set forth in the Recitals hereof.

Project Budget' shall mean the budget attached hereto as Exhibit H-1 showing the total cost of the Project by line item, furnished by Developer to DPD in accordance with Section 3.03 hereof
Property shall have the meaning set forth in the Recitals hereof
Redevelopment Area' shall have the meaning set forth in the Recitals hereof
Redevelopment Plan" shall have the meaning set forth in the Recitals hereof.
"Redevelopment Project Costs" shall mean redevelopment project costs as defined in Section 5/11-74.4-3(q) ofthe Act that are included in the budget set forth in the Redevelopment Plan or otherwise referenced in the Redevelopment Plan.

Requisition Form" shall have the meaning set forth in Section 4.04 hereof

"Scope Drawings" shall mean preliminary construction documents containing a site plan and preliminary drawings and specifications for the Project.

"Survey" shall mean a plat of survey in the most recently revised form of ALTA/ACSM land title survey of the Property, meeting the 2016 Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys, effective February 23, 2016, dated within 75 days prior to the|10 10|
Closing Date, acceptable in form and content to the City and the Title Company, prepared by a surveyor registered in the State of Illinois, certified to the City and the Title Company, and indicating whether the Property is in a flood hazard area as identified by the United States Federal Emergency Management Agency (and updates thereof to reflect improvements to the Property in connection with the construction of the Headquarters and related improvements as required by the City or lender(s) providing Lender Financing).

' Sustainability Requirement" shall have the meaning set forth for such term in Section 8.22 hereof.

"Term of the Agreement" shall mean the period of time commencing on the Closing Date and ending on the earlier of December 31, 2030, the date on which the Redevelopment Area is no longer in effect or the date the Agreement is terminated pursuant to Section 15.
"TIF Adoption Ordinance" shall have the meaning set forth in the Recitals hereof.
"TIF Bonds" shall have the meaning set forth in the Recitals hereof.
"TIF Bond Ordinance" shall have the meaning set forth in the Recitals hereof.
"TIF Bond Proceeds" shall have the meaning set forth in the Recitals hereof.
"TIF Fund" shall mean the special tax allocation fund created by the City in connection with the Redevelopment Area into which the Incremental Taxes will be deposited.

"TIF-Funded Improvements" shall mean those improvements at the Headquarters which (i) qualify as Redevelopment Project.Costs, (ii) are eligible costs under the Redevelopment Plan and (iii) the City has agreed to pay for out of the City Funds, subject to the terms of this Agreement. Exhibit C lists the TIF-Funded Improvements for the Headquarters.

TIF Ordinances shall have the meaning set forth in the Recitals hereof

Title Company shall mean Chicago Title Insurance Company

Title Policy shall mean a leasehold title insurance policy in the most recently revised ALTA or equivalent form showing Developer as the insured, noting the recording of this Agreement as an encumbrance against the Property, and a subordination agreement in favor of the City with respect to previously recorded liens against the Property related to non-bond issuance related Lender Financing, if any, issued by the Title Company.

"Total Project Cost" shall have the meaning set forth in Section 7.01 hereof.

"WARN Act" shall mean the Worker Adjustment and Retraining Notification Act (29 U.S.C. Section 2101 et seq.)

'WBE(s)" shall mean a business identified in the Directory of Certified Women Business Enterprises published by the City's Department of Procurement Services, or otherwise certified by the City's Department of Procurement Services as a women-owned business enterprise, related to the Procurement Program or the Construction Program, as applicable.



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SECTION 3. THE PROJECT
The Project ¦ With respect to the Project, Developer shall, pursuant to the Plans and Specifications and subject to the provisions of Section 18.16 hereof, (i) complete construction of the Headquarters and conduct business operations therein no later than October 31. 2013, (ii) complete construction of the Avondale Medical Home and conduct business operations therein no later than November 30. 2014, (iii) complete construction ofthe Belmont-Craigin Medical Home and conduct business operations therein no later than October 31, 2017, (iv) complete construction of the Calumet Heights Medical Home and conduct business operations therein no later than June 30, 2018, and (v) complete construction of the Cancer Center and conduct business operations therein no later than December 31, 2016 Developer shall be bound by the Operating Covenant, Jobs Covenants, and other obligations and deadlines described in Section 8.06 and elsewhere in this Agreement.
Scope Drawings and Plans and Specifications. Developer has delivered the Scope Drawings and Plans and Specifications for each portion of the Project and DPD has approved same. After such initial approvals, subsequent proposed changes to such Scope Drawings or Plans and Specifications shall be submitted to DPD as a Change Order pursuant to Section 3.04 hereof. All Scope Drawings and Plans and Specifications shall at all times conform to the Redevelopment Plan, and all Laws, including without limitation, all zoning and building code requirements. Developer shall submit all necessary documents to the City's Buildings Department, Department of Transportation and such other City departments or governmental authorities as may be necessary to acquire building permits and other required approvals for the Project.
Project Budget. Developer has furnished to DPD, and DPD has approved, a Project Budget showing total costs for the Project in an amount not less than Twenty-Eight Million Seven Hundred Twenty-Six Thousand Eight Hundred and Sixty-Four Dollars ($28,726,864). Developer hereby certifies to the City that (a) the City Funds, together with Lender Financing and Equity described in Section 4.02 hereof, shall be sufficient to complete the Project. Developer hereby certifies to the City that (a) it has Lender Financing and Equity in an amount sufficient to pay for all Project costs, and (b) the Project Budget is true, correct and complete in all material respects. Developer shall promptly deliver to DPD certified copies of any Change Orders with respect to the Project Budget for approval pursuant to Section 3.04 hereof
Change Orders Except as provided below in this Section 3.04. all Change Orders (and documentation substantiating the need and identifying the source of funding therefor) relating to changes to the Project must be submitted by Developer to DPD concurrently with the progress reports described in Section 3.07 hereof, provided, that any Change Order relating to any of the following must be submitted by Developer to DPD for DPD's prior written approval, (a) a reduction in the gross or net square footage of the Project or any portion ofthe Project by five percent (5%) or more (either individually or cumulatively); (b) a change in the use of Project or any portion of the Project to a use other than as described in Recital E to this Agreement; (c) a delay in the completion of the Project or any portion of the Project by six (6) months or more; or (d) Change Orders resulting in an aggregate increase to the Project Budget for the Project of five percent (5%) or more. Developer shall not authorize or permit the performance of any work relating to any Change Order described in the preceding clauses (a) through (d) or the furnishing of materials in connection therewith prior to the receipt by Developer of DPD's written approval (to the extent said DPD prior approval is required pursuant to the terms of this Agreement). The Construction Contract, and each contract between the General Contractor and any subcontractor, shall contain a provision to this effect. An approved Change Order shall not be deemed to imply any obligation on the part of the City to increase the amount of City Funds which the City has pledged pursuant to this Agreement or provide any other additional assistance to Developer. Notwithstanding anything to the contrary in
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this Section 3.04, Change Orders other than those set forth above do not require DPD's prior written approval as set forth in this Section 3.04, but DPD shall be notified in writing of all such Change Orders within 10 business days after the execution of such Change Order and the Developer, in connection with such notice, shall identify to DPD the source of funding therefor.

3.05 DPD Approval Any approval granted by DPD of the Scope Drawings, Plans and
Specifications and the Change Orders is for the purposes of this Agreement only and does not
affect or constitute any approval required by any other City department or pursuant to any City
ordinance, code, regulation or any other governmental approval, nor does any approval by DPD
pursuant to this Agreement constitute approval of the quality, structural soundness or safety of the
Property or the Project.
Other Approvals. Any DPD approval under this Agreement shall have no effect upon, nor shall it operate as a waiver of, Developer's obligations to comply with the provisions of Section 5.03 (Other Governmental Approvals) hereof. The Developer shall not commence construction of the Calumet Heights Medical Home until Developer has obtained all necessary permits and approvals (including but not limited to DPD's approval ofthe Scope Drawings and Plans and Specifications) and proof ofthe General Contractor's and each subcontractor's bonding as and when required hereunder.
Progress Reports and Survey Updates. Developer shall provide DPD with written quarterly construction progress reports detailing the status ofthe Calumet Heights Medical Home, including a revised completion date, if necessary (with a delay in the completion of the Calument Heights Medical Home by 180 days being considered a Change Order, requiring DPD's written approval pursuant to Section 3.04).
Inspecting Agent or Architect. An architect (which may be Developer's architect) approved by DPD shall be selected to act as the inspecting agent or architect, at Developer's expense, for the Calumet Heights Medical Home. The inspecting agent or architect shall perform periodic inspections with respect to the Calument Heights Medical Home, providing certifications with respect thereto to DPD
Barricades Prior to commencing any construction requiring barricades, Developer shall install a construction barricade of a type and appearance satisfactory to the City and constructed in compliance with all applicable Laws. DPD retains the right to approve the maintenance, appearance, color scheme, painting, nature, type, content and design of all barricades
Signs and Public Relations. The Developer shall erect a sign of size and style approved by the City in a conspicuous location on the Calumet Heights Medical Home portion of the Property during the construction of the Calumet Heights Medical Home, indicating that financing has been provided by the City. The City reserves the right to include the name, photograph, artistic rendering of the Project and other pertinent information regarding Developer, the Property and the Project in the City's promotional literature and communications.

SECTION 4. FINANCING

4.01 Total Project Cost and Sources of Funds. The cost of the Project is estimated to be Twenty-Eight Million Seven Hundred Twenty-Six Thousand Eight Hundred and Sixty-Four Dollars ($28,726,864), with such amount to be applied in the manner set forth in the Project Budget. .Such costs shall be funded from the following sources:

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Equity (subject to Sections 4.03(b) and 4.06) $28,726,864 ESTIMATED TOTAL $28,726,864
Developer Funds Equity and/or Lender Financing may be used to pay any Project cost, including but not limited to Redevelopment Project Costs
City Funds

Uses of City Funds. City Funds may only be used to pay directly or reimburse Developer for costs of TIF-Funded Improvements that constitute Redevelopment Project Costs. Exhibit C sets forth, by line item, the TIF-Funded Improvements for the Project, and the maximum amount of costs that may be paid by or reimbursed from City Funds for each line item therein (subject to Sections 4.03(b), 4.03(c) and 4.05(b)), contingent upon receipt by the City of documentation satisfactory in form and substance to DPD evidencing such cost and its eligibility as a Redevelopment Project Cost, the Requisition Form, and documentation satisfactory in form and substance to DPD (including Developer's filing of a Jobs and Occupancy Certificate) evidencing Developer's compliance with the Operating Covenant and the applicable Jobs Covenant then due, as set forth in Section 8.06.
Payment of City Funds.

1. Subject to the terms and conditions of this Agreement, including but not limited to this Section 4.03, Section 4.05(b) and Section 5 hereof, the City hereby agrees to pay for or reimburse the Developer for the actual Project costs of the TIF-Funded Improvements, in an amount not to exceed the Maximum TIF Assistance (the "City Funds") in Installments, as follows:

Project Phase Source of Citv Funds Maximum TIF Assistance

Headquarters Available Incremental Taxes $5,553,009

provided however, that the total amount of City Funds expended for TIF-Funded Improvements shall be an amount not to exceed the lesser of (a) the Maximum TIF Assistance as set forth above, or (b) 19.331% of the Total Project Cost provided further, in the event that the Total Project Cost is less than $28,726,864. the total amount of City Funds shall be reduced by $1.00 for every $1 00 (or portion thereof) by which the Total Project Cost is less than $28,726,864

2 The City's'financial commitment to provide Available Incremental Taxes for such purposes is subject to the Prior TIF Financings and the availability of sufficient Available Incremental Taxes.

3. Subject to the terms and conditions of this Agreement, payments of the City Funds shall be made to the Developer in installments (each, an "Installment") upon the Developer's submission of a Requisition Form in accordance with Section 4.03(c) Such Installments shall be in the amount set forth in Section 4.03(c); provided, however, that the total amount of City Funds expended for TIF-Funded Improvements shall be an amount not to exceed the applicable Maximum TIF Assistance
4 City Funds derived from Incremental Taxes and available to pay such costs and allocated for such purposes shall be paid in accordance with the terms of this
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Agreement only so long as no Event of Default or condition for which the giving of notice or the passage of time, or both, would constitute an Event of Default exists under this Agreement
5 If, at the time the City issues the Certificate, Developer has not satisfied the Sustainabihty Requirement described in Section 8.22, then the City Funds shall be reduced by ten percent (10%) and such reduction shall be taken from Payment 1, as described in Section 4.03(c).

6. The Developer acknowledges and agrees that the City's obligation to pay Installments of City Funds in an amount not to exceed the applicable Maximum TIF Assistance is contingent upon the fulfillment of the conditions set forth in (1) through (5) above, as well as the prior issuance of the Certificate, and the Developer's satisfaction of all other applicable terms and conditions of this Agreement. In the event that such condition is not fulfilled, the amount of Equity and/or Lender Financing to be contributed by Developer pursuant to Section 4.01 hereof shall increase proportionately.

(c) Payment Amount. (i) The Installments, to be paid pursuant to the time frames set forth herein and in accordance with the terms and conditions of this Agreement shall be made upon the submission of a Requisition Form to the satisfaction of DPD, shall be as follows:
Installment Payment 1
Payments
Payment 3 Payment 4
Payment Trigger
Later of Issuance of Certificate or June 30, 2018

One Year Anniversary of Payment 1
Two Year Anniversary of Payment 1
Three Year Anniversary of Payment 1
Maximum Payment Amount $4,000,000*
$500,000*
$500,000* 5553 009'
The Maximum Payment Amount set forth herein is subject to be reduced in accordance with the provisions of Section 4.03(b)(1) hereof.

(d) Other Conditions for Payment of Citv Funds. In addition to any other conditions stated in this Agreement, the following conditions must be met before any City Funds are paid to the Developer:
Issuance of the Certificate by the City to Developer;
Delivery by Developer of the Letter of Credit to the City;
Developer has submitted evidence acceptable to DPD that the actual Total Project Cost is equal to, or in excess of, the Total Project Cost reflected in the Project Budget; and
The Developer has submitted to DPD the Requisition Form with any and all
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documents required by this Agreement.

(e) Letter of Credit Concurrently with submitting the Requisition Form for Payment 1, the Developer will be required to purchase and deliver to the City an irrevocable Letter of Credit, which is valid and in a form acceptable to the City naming the City as the sole beneficiary for the full amount of Payment 1 Concurrently with submitting a Requisition Form for Payments 2 through 4, the Developer will be required to increase the amount of the Letter of Credit to match the amount of funds previously disbursed plus the amount of City Funds requested on each additional Requisition Form. The Letter of Credit shall be maintained for the duration of the Compliance Period and the principal amount of the Letter of Credit will decrease in accordance with the schedule presented below.
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
100% of City Funds disbursed 100% of City Funds disbursed 100% of City Funds disbursed 100% of City Funds disbursed 100% of City Funds disbursed 100% of City Funds disbursed 80% of City Funds disbursed 60% of City Funds disbursed 40% of City Funds disbursed 20% of City Funds disbursed

At no point through the end of Year 6 from the issuance of the Certificate will the amount of the Letter of Credit be less than the amount of City Funds disbursed to Developer. The reduction in the Letter of Credit shall coincide with the submission, by the Developer, of the Annual Compliance Report evidencing that all ongoing requirements ofthis Agreement have been satisfied during the preceding year. After the Compliance Period has ended, the Letter of Credit can be cancelled. In the event of default under this Agreement, the City shall have the right to immediately draw the full principal amount of the Letter of Credit.

4.04 Requisition Form Conditioned upon the issuance of the Certificate pursuant to Section 7 hereof Developer shall provide DPD with a Requisition Form, substantially in the form of Exhibit L hereto documentation satisfactory in form and substance to DPD (including Developer's filing of a Jobs and Occupancy Certificate) evidencing Developer's compliance with the Operating Covenant and the applicable Jobs Covenant then due, as set forth in Section 8.06 along with the documentation described therein and such other supporting documentation as DPD shall request

A Requisition Form for Payment 1 shall be submitted following the issuance of the Certificate. Subject to the availability of Available Incremental Taxes and the submission of a Requisition Form no fewer than sixty (60) days prior to the payment, the City will make reasonable effort to pay the Developer Payment 1 by the earlier of the first quarter of the calendar year following the issuance of the Certificate or 180 days of the issuance of the Certificate.

The Developer shall meet with DPD at the request of DPD to discuss the Requisition Form(s) previously delivered. If the total FTEs measured as of the applicable anniversary of the issuance of the Certificate is less than the applicable FTE requirement in the Jobs Covenant, then the Installment with respect to such anniversary shall equal zero. Upon the written request by the Developer accompanying a Requisition Form for reimbursement of TIF-Funded Improvements, the City agrees to make payments of City Funds then owing to the Developer directly to the Lender using wire transfer instructions provided by the Developer.

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4.05 Treatment of Prior Expenditures and Subsequent Disbursements.

(a) 7 Prior Expenditures Only those expenditures made by Developer with respect to the
Project prior to the Closing Date, evidenced by documentation satisfactory to DPD and approved by
DPD as satisfying costs covered in the Project Budget (which approval may be obtained after the
date of this Agreement), shall be considered previously contributed Equity or Lender Financing
hereunder (the 'Prior Expenditures") DPD shall have the right, in its sole discretion, to disallow any
such expenditure as a Prior Expenditure. Prior Expenditures made for items other than TIF-Funded
Improvements shall not be reimbursed to Developer, but shall reduce the amount of Equity and/or
Lender Financing required to be contributed by Developer pursuant to Section 4.01 hereof.

(b) Allocation Among Line Items. Disbursements for expenditures related to TIF-Funded
Improvements may be allocated to and charged against the appropriate line only, with transfers of
costs and expenses from one line item to another, without the prior written consent of DPD, being
prohibited; provided, however, that such transfers among line items, in an amount not to exceed
$25,000 or $100,000 in the aggregate, may be made without the prior written consent of DPD.
Cost Overruns. If the aggregate cost ofthe TIF-Funded Improvements exceeds City Funds available pursuant to Section 4.03 hereof, or if the cost of completing the Project exceeds the Project Budget, Developer shall be solely responsible for such excess cost, and shall hold the City harmless from any and all costs and expenses of completing the TIF-Funded Improvements in excess of City Funds and of completing the Project.
Preconditions of Disbursement. Prior to the payment of each Installment of City Funds hereunder, Developer shall submit, in the timeframe set forth in Section 4.04 hereof, a Requisition Form and documentation regarding the applicable expenditures to DPD that are satisfactory to DPD in its sole discretion. Delivery by Developer to DPD of any request for payment of an Installment of City Funds hereunder shall, in addition to the items therein expressly set forth, constitute a certification to the City, as of the date of such request for payment, that:

the total amount of the disbursement request represents the actual amount payable to (or paid to) the General Contractor and/or subcontractors who have performed work on the Project, and/or their payees,
all amounts shown as previous payments on the current disbursement request have been paid to the parties entitled to such payment,
Developer has approved all work and materials for the current disbursement request, and such work and materials conform to the Plans and Specifications,
the representations and warranties contained in this Agreement are true and correct and Developer is in compliance with all covenants contained herein;
Developer has received no notice and has no knowledge of any liens or claim of lien either filed or threatened against the Property except for the Permitted Liens,
no Event of Default or condition or event which, with the giving of notice or passage of time or both, would constitute an Event of Default exists or has occurred; and
the Project is In Balance The Project shall be deemed to be in balance ("In Balance") only if the total of the Available Project Funds equals or exceeds the aggregate of the amount necessary to pay all unpaid Project costs incurred or to be incurred in the completion of the
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Project. Developer hereby agrees that, if the Project is not In Balance, Developer shall, within 10 days after a written request by the City, provide the City with evidence of sufficient sources of funds that will place the Project In Balance

The City shall have the right, in its discretion, to require Developer to submit further documentation as the City may require in order to verify that the matters certified to above are true and correct, and any disbursement by the City shall be subject to the City's review and approval of such documentation and its satisfaction that such certifications are true and correct, provided. however, that nothing in this sentence shall be deemed to prevent the City from relying on such certifications by Developer. In addition, Developer shall have satisfied all other preconditions of disbursement of City Funds for each disbursement, including but not limited to requirements set forth in the Bond Ordinance, if any, TIF Bond Ordinance, if any, the Bonds, if any, the TIF Bonds, if any, the TIF Ordinances, and this Agreement.

4.08 Conditional Grant. The City Funds being provided hereunder are being granted on a conditional basis, subject to the Developer's compliance with the provisions of this Agreement. The City Funds are subject to being terminated, suspended and/or reimbursed as provided in Section 15 hereof.

SECTION 5. CONDITIONS PRECEDENT

The following conditions have been complied with to the City's satisfaction on or prior to the Closing Date:
Project Budget. Developer has submitted to DPD, and DPD has approved, a Project Budget in accordance with the provisions of Section 3.03 hereof.
Scope Drawings and Plans and Specifications. Developer has submitted to DPD, and DPD has approved, the Scope Drawings and Plans and Specifications with respect to each portion of the Project in accordance with the provisions of Section 3.02 hereof
Other Governmental Approvals Developer has secured all other necessary approvals and permits required by any Laws and has submitted evidence thereof to DPD
Financing Developer has furnished proof reasonably acceptable to the City that Developer has Equity and Lender Financing, if any, in the amounts set forth in Section 4.01 hereof to complete the Project and satisfy its obligations under this Agreement If a portion of such funds consists of Lender Financing, Developer has furnished proof as of the Closing Date that the proceeds thereof are available to be drawn upon by Developer as needed and are sufficient (along with the Equity and other sources set forth in Section 4.01) to complete the Project.
Lease and Title. On the Closing Date, Developer has furnished the City with copies of the Title Policy for its leasehold to the Headquarters, certified by the Title Company, showing the Developer as the named insured. The Title Policy is dated as of the Closing Date and contains only those title exceptions listed as Permitted Liens on Exhibit G hereto and exceptions related to the Property owner's fee title to the Property not cause by Developer and evidences the recording of this Agreement pursuant to the provisions of Section 8.18 hereof. The Title Policy also contains such endorsements as shall be required by Corporation Counsel, including but not limited to an owner's comprehensive endorsement and satisfactory endorsements regarding (as applicable), zoning (3.1 with parking), contiguity, location, access and survey. Developer has provided to DPD, on or prior to the Closing Date, documentation related to the leasing ofthe Headquarters and certified copies of

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all easements and encumbrances of record with respect to its leasehold in the Property not addressed, to DPD's satisfaction, by the Title Policy and any endorsements thereto

5.06 Evidence of Clean Title Developer, at its own expense, has provided the City with searches as indicated in the chart below under Developer's name showing no liens against Developer, the leasehold in the Property or any fixtures now or hereafter affixed thereto, except for the Permitted Liens

Jurisdiction
Secretary of State
Cook County Recorder
UCC, Federal tax
UCC, Fixtures,
judgments
Pending suits and judgments (including bankruptcy)
Clerk of Circuit Court, Cook County

5.07 Surveys. Developer has furnished the City with three (3) copies of the Survey.

5.08 Insurance. Developer, at its own expense, has insured the Property in accordance with Section 12 hereof, and has delivered certificates required pursuant to Section 12 hereof evidencing the required coverages to DPD.
Opinion of Developer's Counsel. On the Closing Date, Developer has furnished the City with an opinion of counsel, substantially in the form attached hereto as Exhibit J, with such changes as required by or acceptable to Corporation Counsel. If the Developer has engaged special counsel in connection with the Project, and such special counsel is unwilling or unable to give some ofthe opinions set forth in Exhibit J hereto, such opinions were obtained by Developer from its general corporate counsel.
Evidence of Prior Expenditures. Developer has provided evidence satisfactory to DPD in its sole discretion of the Prior Expenditures in accordance with the provisions of Section 4.05(a) hereof
Financial Statements Developer has provided Financial Statements to DPD for its
most recent fiscal year and audited or unaudited interim financial statements
Documentation; Employment Plan The Developer has provided documentation to DPD, satisfactory in form and substance to DPD, with respect to current employment matters in connection with the construction or rehabilitation work on the Project, including the reports described in Section 8.07 At least thirty (30) days prior to the Closing Date, the Developer.has met with the Workforce Solutions division of DPD to review employment opportunities with the Developer after construction or rehabilitation work on the Project is completed. On or before the Closing Date, the Developer has provided to DPD, and DPD has approved, the Employment Plan for the Project (the "Employment Plan"). The Employment Plan includes, without limitation, the Developer's estimates of future job openings, titles, position descriptions, qualifications, recruiting, training, placement and such other information as DPD has requested relating to the Project.

5.13 Intentionally Omitted^

5.14 Corporate Documents; Economic Disclosure Statement. Developer has provided a copy of its articles of incorporation containing the original certification of the Secretary of State of its state of organization; certificates of good standing from the Secretary of State of its state of
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incorporation and all other states in which Developer is qualified to do business; a secretary's certificate in such form and substance as the Corporation Counsel may require; and such other applicable organizational documentation as the City has requested

Developer- has provided to the City an EDS, dated as of the Closing Date, which is incorporated by reference, and Developer further will provide any other affidavits or certifications as may be required by federal, state or local law in the award of public contracts, all of which affidavits or certifications are incorporated by reference Notwithstanding acceptance by the City ofthe EDS, failure of the EDS to include all information required under the Municipal Code renders this Agreement voidable at the option of the City. Developer and any other parties required by this Section 5.14 to complete an EDS must promptly update their EDS(s) on file with the City whenever any information or response provided in the EDS(s) is no longer complete and accurate, including changes in ownership and changes in disclosures and information pertaining to ineligibility to do business with the City under Chapter 1 -23 of the Municipal Code, as such is required under Sec. 2-154-020, and failure to promptly provide the updated EDS(s) to the City will constitute an event of default under this Agreement.

5.15 Litigation. Developer has provided to Corporation Counsel and DPD, a description of all pending or threatened litigation or administrative proceedings involving Developer that could have a material adverse effect on the ability of Developer to perform its obligations under this Agreement, specifying, in each case, the amount of each claim, an estimate of probable liability, the amount of any reserves taken in connection therewith and whether (and to what extent) such potential liability is covered by insurance.

SECTION 6. AGREEMENTS WITH CONTRACTORS
General Contractor and Subcontractors, (a) The City has approved the Developer's selection of Bear Construction Company, as the General Contractor with respect to the Headquarters. The Developer has submitted copies of the Construction Contract, and all amendments thereto, entered into between the Developer and the General Contractor to DPD
(b) Copies of all subcontracts entered or to be entered into in connection with the TIF-Funded Improvements for the Headquarters portion of the Project shall be provided to DPD
Intentionally Omitted.
Performance and Payment Bonds Prior to the commencement of any portion of the Project which includes work on the public way, Developer shall require that the General Contractor be bonded for its payment by sureties having an AA rating or better using a bond in the form attached as Exhibit N hereto. The City shall be named as obligee or co-obligee on any such bonds
Employment Opportunity. Developer shall contractually obligate and cause the General Contractor and each subcontractor to agree to the provisions of Section 10 hereof
Other Provisions In addition to the requirements of this Section 6, the Construction Contracts and each contract with any subcontractor shall contain provisions required pursuant to Section 3.04 (Change Orders), Section 8.09 (Prevailing Wage), Section 10.01(e) (Employment Opportunity), Section 10.02 (City Resident Employment Requirement) Section 10.03 (MBE/WBE Requirements, as applicable), Section 12 (Insurance) and Section 14.01 (Books and Records) hereof Photocopies of all contracts or subcontracts entered into in connection with the TIF-Funded Improvementshave been provided to DPD.
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SECTION 7. COMPLETION OF CONSTRUCTION OR REHABILITATION

7.01 Certificate of Completion Upon completion of the construction of the Project in accordance with the terms of this Agreement and upon satisfaction in DPD's sole discretion of the conditions set forth in (i) through (ix) of this Section 7.01, and upon Developer's written request, which shall include a final budget for the Project detailing the total actual cost of construction of the Project ("Total Project Cost"), DPD shall issue to Developer the Certificate. The City will issue a Certificate upon the following conditions:
The Developer has completed construction of the Project in accordance with the Plans and Specifications,
The Project as a whole and each portion ofthe Project, individually, are fully open for business and have received a Certificate of Occupancy from the City's Building Department, and the Developer has provided documentation satisfactory to DPD that the Developer has complied with all building permit requirements for the Project;
The City's Monitoring and Compliance unit has determined in writing that the Developer is in complete compliance with all City Requirements (M/WBE, City Residency, and Prevailing Wage) with respect to the Headquarters;
The Developer has submitted adequate documentation that the Total Project Cost is at least $28,726,864; provided, however, that in the event that the Total Project Cost is less than $28,726,864, the total amount of City Funds shall be reduced by $1.00 for every $1.00 (or portion thereof) by which the Total Project Cost is less than $28,726,864, as described in Section 4.03(b),
The Developer has submitted evidence acceptable to the DPD that the Developer has met the Sustainabihty Requirement for the Headquarters; provided, however, that in the event that the Sustainabihty Requirement is not met then the City Funds shall be reduced by ten percent (10%), as described in Section 4.03(b)

vi Developer has delivered the Letter of Credit to the City

vn At least 200 FTE positions have been created or retained at the Headquarters, as evidenced by the Jobs and Occupancy Certificate;

viii. Evidence that the Developer has incurred TIF-eligible costs in an equal amount to, or greater than, $5,553,009; and

ix There exists neither an Event of Default which is continuing nor a condition or event which, with the giving of notice or passage of time or both, would constitute an Event of Default.
DPD shall respond to Developer's written request for the Certificate within forty-five (45) days by issuing either such Certificate or a written statement detailing the ways in which the Project or any portion of the Project, as applicable, does not conform to this Agreement or has not been satisfactorily completed, and the measures which must be taken by Developer in order to obtain such Certificate Developer may resubmit a written request for such Certificate upon completion of such measures.

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7.02 Effect of Issuance of Certificate; Continuing Obligations. The Certificate relates
to the completion of the entire Project. Upon issuance of the Certificate, the City will certify that the
terms of the Agreement specifically related to Developer's obligation to complete the Project have
been satisfied After the issuance of the Certificate, however, all executory terms and conditions of
this Agreement and all representations and covenants contained herein will continue to remain in full
force and effect throughout the Term of the Agreement as to the parties described in the following
paragraph. The issuance of the Certificate shall not be construed as a waiver by the City of any of
its rights and remedies pursuant to such executory terms.

Those covenants specifically described at Sections 8.01(1), 8.01,k), 8.02, 8.06, 8.19(c), 8.20, 8.23 and 8.25 as covenants that run with the land are the only covenants in this Agreement intended to be binding upon any transferee of the Property (including an assignee as described in the following sentence) throughout the Term of the Agreement notwithstanding the issuance of the Certificate; provided, that upon the issuance of the Certificate, the covenants set forth in Section 8.02 shall be deemed to have been fulfilled. The other executory terms of this Agreement that remain after the issuance of the Certificate shall be binding only upon Developer or a permitted assignee of Developer who, pursuant to Section 18.15 of this Agreement, has contracted to take an assignment of Developer's rights under this Agreement and assume Developer's liabilities hereunder.
7.03 Failure to Complete. Jf Developer fails to complete the Project in accordance with the
terms of this Agreement, then the City has, but shall not be limited to, any of the following rights and
remedies:
the right to terminate this Agreement and any other related agreements to which the City and Developer are or shall be parties and/or cease all disbursement of City Funds;
the right (but not the obligation) to complete those TIF-Funded Improvements that are public improvements and to pay for the costs of TIF-Funded Improvements (including interest costs) out of City Funds or other City monies. In the event that the aggregate cost of completing the TIF-Funded Improvements exceeds the amount of City Funds available pursuant to Section 4.01,
Developer shall reimburse the City for all reasonable costs and expenses incurred by the City in completing such TIF-Funded Improvements in excess of the available City Funds, and
the right to seek reimbursement of the City Funds from Developer, provided that the City is entitled to rely on an opinion of counsel that such reimbursement will not jeopardize the tax-exempt status of the TIF Bonds, if any.

7.04 Notice of Expiration of Term of Agreement. Upon the expiration of the Term of the
Agreement, DPD shall provide Developer, at Developer's written request, with a written notice in
recordable form stating that the Term of the Agreement has expired.

SECTION 8. COVENANTS/REPRESENTATIONS/WARRANTIES OF DEVELOPER

8.01 General Developer represents, warrants and covenants, as of the date of this Agreement and as of the date of each disbursement of City Funds hereunder, that:
(a) Developer is an Illinois not-for-profit corporation duly organized, validly existing, qualified to do business in Illinois, and licensed to do business in Illinois and in any other state where, due to the nature of its activities or properties, such qualification or license is required,


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Developer has the right, power and authority to enter into, execute, deliver and perform this Agreement,
the execution, delivery and performance by Developer of this Agreement has been duly authorized by all necessary action, and does not and will not violate its Articles of Incorporation or by-laws as amended and supplemented, any applicable provision of law, or constitute a breach of, default under or require any consent under any agreement, instrument or document to which Developer is now a party or by which Developer is now or may become bound,
unless otherwise permitted or not prohibited pursuant to or under the terms of this Agreement, Developer shall acquire and shall maintain good, indefeasible and merchantable fee simple or leasehold title, as the case may be, to the Property (and all improvements thereon) free and clear of all liens (except for the Permitted Liens, Lender Financing as disclosed in the Project Budget and non-governmental charges that Developer is contesting in good faith pursuant to Section 8.15 hereof)
Developer is now and for the Term of the Agreement shall remain solvent and able to pay its debts as they mature;
there are no actions or proceedings by or before any court, governmental commission, board, bureau or any other administrative agency pending, threatened or affecting Developer which would impair its ability to perform under this Agreement;
Developer has and shall maintain all government permits, certificates and consents (including, without limitation, appropriate environmental approvals) necessary to conduct its business and to construct, complete and operate the Project;
Developer is not in default with respect to any indenture, loan agreement, mortgage, deed, note or any other agreement or instrument related to the borrowing of money to which Developer is a party or by which Developer is bound;
(i) the Financial Statements are. and when hereafter required to be submitted will be
complete correct in all material respects and accurately present the assets, liabilities, results of
operations and financial condition of Developer, and there has been no material adverse change in
the assets, liabilities results of operations or financial condition of Developer since the date of
Developer's most recent Financial Statements,
(j) Except as may be permitted under the terms of the Master Trust Indenture, during the Compliance Period, the Developer shall not do any of the following without the prior written consent of DPD: (1) be a party to any merger, liquidation or consolidation; (2) sell, transfer, convey, lease or otherwise dispose of all or substantially all of its assets or any portion ofthe Property (including but not limited to any fixtures or equipment now or hereafter attached thereto) except in the ordinary course of business; (3) enter into any transaction outside the ordinary course of Developer's business which would impair Developer's ability to perform under this Agreement; (4) assume, guarantee, endorse, or otherwise become liable in connection with the obligations of any other person or entity; or (5) enter into any transaction that would cause a material and detrimental change to Developer's financial condition which would impair Developer's ability to perform under this Agreement;
(k) Except as may be permitted under the terms fo the Master Trust Indenture, the Developer has not incurred, and, prior to the issuance of the Certificate, shall not, without the prior written consent of the Commissioner of DPD, allow the existence of any liens against the Property
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(or improvements thereon) other than the Permitted Liens; or incur any indebtedness, secured or to be secured by the Property (or improvements thereon) or any fixtures now or hereafter attached thereto, except Lender Financing, if any, disclosed in the Project Budget; Permitted Liens incurred after the Closing Date shall be subordinated to those encumbrances set forth herein pursuant to a subordination agreement, if and as necessary, substantially in the form of Exhibit M hereof, which is to be recorded, at the expense of the Developer, with the Office of the Recorder of Deeds of Cook County.

(I) the Developer has not made or caused to be made, directly or indirectly, any payment, gratuity or offer of employment in connection with the Agreement or any contract paid from the City treasury or pursuant to City ordinance, for services to any City agency ("City Contract") as an inducement for the City to enter into the Agreement or any City Contract with Developer in violation of Chapter 2-156-120 of the Municipal Code;

(m) neither Developer nor any affiliate of Developer is listed on any of the following lists maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the Bureau of Industry and Security ofthe U.S. Department of Commerce or their successors, or on any other list of persons or entities with which the City may not do business under any applicable law, rule, regulation, order or judgment: the Specially Designated Nationals List, the Denied Persons List, the Unverified List, the Entity List and the Debarred List. For purposes of this subparagraph (m) only, the term "affiliate," when used to indicate a relationship with a specified person or entity, means a person or entity that, directly or indirectly, through one or more intermediaries, controls, is controlled by or is under common control with such specified person or entity, and a person or entity shall be deemed to be controlled by another person or entity, if controlled in any manner whatsoever that results in control in fact by that other person or entity (or that other person or entity and any persons or entities with whom that other person or entity is acting jointly or in concert), whether directly or indirectly and whether through share ownership, a trust, a contract or otherwise; and
Covenant to Redevelop. Upon DPD's approval of the Project Budget, the Scope Drawings and Plans and Specifications as provided in Sections 3.02 and 3.03 hereof, and Developer's receipt of all required building permits and governmental approvals, Developer shall redevelop the Property in accordance with this Agreement and all Exhibits attached hereto, the TIF Ordinance, if any, the Bond Ordinance, if any, the Scope Drawings, Plans and Specifications, Project Budget and all amendments thereto, and all Laws applicable to the Project, the Property and/or Developer The covenants set forth in this Section shall run with the land and be binding upon any transferee, but shall be deemed satisfied upon issuance by the City of the Certificate.
Redevelopment Plan The Developer represents that the Headquarters is and shall be in compliance with all of the terms of the Redevelopment Plan, which is hereby incorporated by reference into this Agreement.
Use of City Funds City Funds disbursed to the Developer shall be used by Developer solely to pay for (or to reimburse Developer for its payment for) the TIF-Funded Improvements as provided in this Agreement
Other Bonds Developer shall, at the request of the City, agree to any reasonable amendments to this Agreement that are necessary or desirable in order for the City to issue (in its sole discretion) any bonds in connection with the Redevelopment Area, the proceeds of which may be used to reimburse the City for expenditures made in connection with, or provide a source of funds for the payment for, the TIF-Funded Improvements (the "Bonds"); provided, however, that any such amendments shall not have a material adverse effect on Developer or the Project. Developer shall, at Developer's expense, cooperate and provide reasonable assistance in connection with the
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marketing of any such Bonds, including but not limited to providing written descriptions of the Project, making representations, providing information regarding its financial condition and assisting the City in preparing an offering statement with respect thereto

8.06 Operating Covenant; Job Creation and Retention
Operating Covenant The Developer, or its direct or indirect subsidiary corporations, shall continuously occupy and operate the Cancer Center, Avondale Medical Home, Calumet Heights Medical Home, and Belmont-Cragin Medical'Home in the general manner described in Recital E for the term of the Compliance Period. In the event leases for the Avondale Medical Home and Belmont-Cragin Medical Home are terminated prior to the end of the Compliance Period, the Developer shall operate a substitute comparable facility within an economically-disadvantaged area of the City for the duration of the Compliance Period. If the Developer proposes to operate in a substitute facility, or proposes to offer healthcare services which are materially different from the services described on Recital E, prior written approval from the City must be obtained. The City, in its sole discretion, shall grant or withhold such approval within sixty (60) days of receipt of a written request from the Developer.

The Developer shall also continuously occupy and operate its leased space at the Property as the Headquarters in the manner described in Recital Efor the term ofthe Compliance Period. In the event the Developer does not renew its lease at the Headquarters (such lease expiring May 31, 2025), the Developer may relocate to another space within the boundaries ofthe LaSalle Central Redevelopment Area. The Developer must obtain prior written approval from the City prior to moving the Headquarters to another location. If, at any time during the Compliance Period, the Developer relocates the Headquarters outside of the LaSalle Central Redevelopment Area, such relocation shall be considered an event of default. The City, in its sole discretion, shall grant or withhold such approval within sixty (60) days of receipt of a written request from the Developer.

The requirements of this Section 8.06(a) are, collectively, referred to herein as the "Operating Covenant." A default under the Operating Covenant shall constitute an Event of Default without notice or opportunity to cure If the Developer fails to satisfy the Operating Covenant, the City shall have the right to halt payment or seek reimbursement of City Funds paid to the Developer and to terminate this Agreement
Jobs Covenant The Developer shall adhere to the following job creation and retention standards (collectively the Jobs Covenant"):

Prior to the date the Developer requests the City to issue the Certificate under Section 7.01 hereof, the Developer shall have created or retained not less than 200 FTE positions at the Headquarters;
During the Compliance Period, the Developer shall maintain at least 200 FTE positions at the Headquarters.
Jobs and Occupancy Certificates Throughout the Compliance Period, the Developer shall submit to DPD annual certified Jobs and Occupancy Certificates disclosing compliance with the then-applicable Jobs Covenant and the Operating Covenant. These Jobs and Occupancy Certificates shall be submitted to DPD by February 1 st for the prior calendar year. The Developer agrees that it shall act in good faith and, among other things, shall not hire temporary workers or relocate workers for short periods of time for the primary purpose of avoiding a breach of the Jobs Covenant. The Jobs and Occupancy Certificate shall include the names, addresses and

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zip codes of principal residence, and job titles of FTEs employed at the Property as of the end ofthe prior calendar year
Jobs Covenant Default and Cure Period If the Developer defaults under the Jobs Covenant, an Event of Default shall not be declared with respect to such default if the Developer, upon irrevocable written notice (the ' Extension Notice") accompanying the Jobs and Occupancy Certificate, elects to extend the Compliance Period by one yearto the eleventh (11th) anniversary of the date the Certificate is issued The one-year period during which the Extension Notice is given shall be the only cure period allowed for a default by Developer of the Jobs Covenant as described in this paragraph; no other notice or cure periods shall apply thereto and if such default is not cured within such one-year period then the Compliance Period shall not be extended and an Event of Default shall exist without notice or opportunity to cure. If the Developer has not delivered a permitted Extension Notice then any default by the Developer of the Jobs Covenant shall constitute an Event of Default without notice or opportunity to cure. The Developer shall be entitled to deliver one Extension Notice. If the Developer has delivered an Extension Notice, then any subsequent default by the Developer of the Jobs Covenant shall constitute an Event of Default without notice or opportunity to cure.
Covenants Run with the Land; Remedy. The covenants set forth in this Section 8.06 shall run with the land and be binding upon any transferee. In the event of a default for any of the covenants in this Section 8.06, the City shall have the right to recapture the full amount of all City Funds previously paid or disbursed to the Developer for the Project if such default(s) is/are not cured during the applicable cure period, if any, and to exercise any other remedies described or referred to in this Agreement.

Intentionally Omitted.
Intentionally Omitted.
Prevailing Wage Developer represents that with respect to the Headquarters, the Developer has paid, and has caused its General Contractor and each subcontractor to pay, the then-effective prevailing wage rate as ascertained by the Illinois Department of Labor (the 'Department ) at the time the Headquarters was constructed, to all Headquarters employees Upon the City's request Developer shall provide the City with copies of all such contracts entered into by Developer or the General Contractor lo evidence compliance with this Section 8.09
Arms-Length Transactions Unless DPD has given its prior written consent with respect thereto, no Affiliate of Developer may receive any portion of City Funds, directly or indirectly, in payment for work done, services provided or materials supplied in connection with any TIF-Funded Improvement. Developer shall provide information with respect to any entity to receive City Funds directly or indirectly (whether through payment to the Affiliate by Developer and reimbursement to Developer for such costs using City Funds, or otherwise), upon DPD's request, prior to any such disbursement.
Conflict of Interest Pursuant to Section 5/11-74.4-4(n) of the Act, Developer represents, warrants and covenants that, to the best of its knowledge, no member, official, or employee of the City, or of any commission or committee exercising authority over the Project, the Redevelopment Area or the Redevelopment Plan, or any consultant hired by the City or Developer with respect thereto, owns or controls, has owned or controlled or will own or control any interest, and no such person shall represent any person, as agent or otherwise, who owns or controls, has owned or controlled, or will own or control any interest, direct or indirect, in Developer's business, the Property or any other property in the Redevelopment Area.
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Disclosure of Interest Developer's counsel has no direct or indirect financial ownership interest in Developer, the Property or any other aspect of the Project.
Financial Statements Developer shall obtain and provide to DPD Financial Statements for Developer's fiscal year ended 2017 and each December 31 thereafter throughout the Compliance Period. In addition, Developer shall submit unaudited financial statements as soon as reasonably practical following the close of each fiscal year and for such other periods as DPD may request.
Insurance. Developer, at its own expense, shall comply with all provisions of Section 12 hereof
Non-Governmental Charges, (a) Payment of Non-Governmental Charges. Except for the Permitted Liens, Developer agrees to pay or cause to be paid when due any Non-Governmental Charge assessed or imposed upon the Developer's interest in the Project, the Property or any fixtures that are or may become attached thereto, which creates, may create, or appears to create a lien upon all or any portion of the Developer's interest in the Property or Project; provided however, that if such Non-Governmental Charge may be paid in installments, Developer may pay the same together with any accrued interest thereon in installments as they become due and before any fine, penalty, interest, or cost may be added thereto for nonpayment. Developer shall furnish to DPD, within thirty (30) days of DPD's request, official receipts from the appropriate entity, or other proof satisfactory to DPD, evidencing payment of the Non-Governmental Charge in question.

(b) Right to Contest. Developer has the right, before any delinquency occurs:

(i) to contest or object in good faith to the amount or validity of any Non-Governmental Charge by appropriate legal proceedings properly and diligently instituted and prosecuted, in such manner as shall stay the collection ofthe contested Non-Governmental Charge, prevent the imposition of a lien or remove such lien, or prevent the sale or forfeiture of the Property (so long as no such contest or objection shall be deemed or construed to relieve, modify or extend Developer's covenants to pay any such Non-Governmental Charge at the time and in the manner provided in this Section 8.15). or

(n) at DPD's sole option, to furnish a good and sufficient bond or other security satisfactory to DPD in such form and amounts as DPD shall require, or a good and sufficient undertaking as may be required or permitted by law to accomplish a stay of any such sale or forfeiture of the Property or any portion thereof or any fixtures that are or may be attached thereto, during the pendency of such contest, adequate to pay fully any such contested Non-Governmental Charge and all interest and penalties upon the adverse determination of such contest.
Developer's Liabilities Developer shall not enter into any transaction that would materially and adversely affect its ability to perform its obligations hereunder or to repay any material liabilities or perform any material obligations of Developer to any other person or entity. Developer shall immediately notify DPD of any and all events or actions which may materially affect Developer's ability to carry on its business operations or perform its obligations under this Agreement or any other documents and agreements related hereto.
Compliance with Laws.

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Representation To the best of the Developer's knowledge, after diligent inquiry, the Property and the Project are and shall be in compliance with all Laws pertaining to or affecting the Project and the Property Upon the City's request, the Developer shall provide evidence satisfactory to the City of such compliance
Covenant The Developer covenants that the Property and the Project will be operated and managed in compliance with all Laws. Upon the City's request, the Developer shall provide evidence to the City of its compliance with this covenant

Recording and Filing. Developer shall cause this Agreement, certain exhibits (as specified by Corporation Counsel), all amendments and supplements hereto to be recorded and filed against Developer's leasehold in the Property on the date hereof in the conveyance and real property records of the county in which the Project is located. This Agreement shall be recorded prior to any mortgage made in connection with Lender Financing. Developer shall pay all fees and charges incurred in connection with any such recording. Upon recording, Developer shall immediately transmit to the City an executed original of this Agreement showing the date and recording number of record.
Real Estate Provisions.

, (a) Governmental Charges.
Payment of Governmental Charges. Developer agrees to pay or cause to be paid when due all Governmental Charges (as defined below) which are assessed or imposed upon Developer, its leashold interest in the Property or the Project, or become due and payable, and which create, may create a lien upon Developer or all or any portion of its leasehold interest in the Property or the Project. "Governmental Charge" shall mean all federal, State, county, the City, or other governmental (or any instrumentality, division, agency, body, or department thereof) taxes, levies, assessments, charges, liens, claims or encumbrances (except for those assessed by foreign nations, states other than the State of Illinois, counties of the State other than Cook County, and municipalities other than the City) relating to Developer, its leasehold interest in the Property or the Project including but not limited to real estate taxes
Right to Contest Developer has the right before any delinquency occurs to contest or object in good faith to the amount or validity of any Governmental Charge by appropriate legal proceedings properly and diligently instituted and prosecuted in such manner as shall stay the collection of the contested Governmental Charge and prevent the imposition of a lien or the sale or forfeiture of its leasehold interest in the Property No such contest or objection shall be deemed or construed in any way as relieving, modifying or extending Developer's covenants to pay any such Governmental Charge at the time and in the manner provided in this Agreement unless Developer has given prior written notice to DPD of Developer's intent to contest or object to a Governmental Charge and, unless, at DPD's sole option,

Developer shall demonstrate to DPD's satisfaction that legal proceedings instituted by Developer contesting or objecting to a Governmental Charge shall conclusively operate to prevent or remove a lien against, or the sale or forfeiture of, all or any part of its leasehold interest in the Property to satisfy such Governmental Charge prior to final determination of such proceedings, and/or
Developer shall furnish a good and sufficient bond or other security satisfactory to DPD in such form and amounts as DPD shall require, or a good and sufficient undertaking as may be
' required or permitted by law to accomplish a stay of any such sale or forfeiture of its leasehold
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interest in the Property during the pendency of such contest, adequate to pay fully-any such contested Governmental Charge and all interest and penalties upon the adverse determination of such contest

(b) Developer's Failure To Pay Or Discharge Lien If Developer fails to pay any
Governmental Charge or to obtain discharge of the same, Developer shall advise DPD thereof in
writing, at which time DPD may, but shall not be obligated to, and without waiving or releasing any
obligation or liability of Developer under this Agreement, in DPD's sole discretion, make such
payment, or any part thereof, or obtain such discharge and take any other action with respect
thereto which DPD deems advisable. All sums so paid by DPD, if any, and any expenses, if any,
including reasonable attorneys' fees, court costs, expenses and other charges relating thereto, shall
be promptly disbursed to DPD by Developer. Notwithstanding anything contained herein to the
contrary, this paragraph shall not be construed to obligate the City to pay any such Governmental
Charge. Additionally, if Developer fails to pay any Governmental Charge, the City, in its sole
discretion, may require Developer to submit to the City audited Financial Statements at Developer's
own expense.

(c) Real Estate Taxes.
Real Estate Tax Exemption. With respect to the Property, neither Developer nor any agent, representative, lessee, tenant, assignee, transferee or successor in interest to Developer shall, during the Term ofthis Agreement, seek, or authorize any exemption (as such term is used and defined in the Illinois Constitution, Article IX, Section 6 (1970)) for any year that the Redevelopment Plan is in effect. While the Developer may not request the Property owner to seek any exemption, this Agreement does not preclude or prohibit the Property owner from seeking an exemption.
No Reduction in Real Estate Taxes. Neither Developer nor any agent, representative, lessee, tenant, assignee, transferee or successor in interest to Developer shall, during the Term of this Agreement, directly or indirectly, initiate, seek or apply for proceedings in order to lower the assessed value of all or any portion ofthe Property While the Developer may not request the Property owner to seek any reduction in real estate taxes this Agreement does not preclude or prohibit the Property owner from initiating seeking or applying for proceedings in order to lower the assessed value of all or any portion of the Property
(ui) No Objections Neither Developer nor any agent, representative, lessee, tenant, assignee, transferee or successor in interest to Developer, shall object to or in any way seek to interfere with, on procedural or any other grounds, the filing of any Underassessment Complaint or subsequent proceedings related thereto with the Cook County Assessor or with the Cook County Board of Appeals, by either the City or any taxpayer. The term "Underassessment Complaint" as used in this Agreement shall mean any complaint seeking to increase the assessed value of the Property.

(iv) Covenants Running with the Land The parties agree that the restrictions contained in this Section 8 19(c) are covenants running with the land and this Agreement shall be recorded by Developer as a memorandum thereof, at Developer's expense, with the Cook County Recorder of Deeds on the Closing Date. These restrictions shall be binding upon Developer and its agents, representatives, lessees, successors, assigns and transferees from and after the date hereof, provided however, that the covenants shall be released when the Redevelopment Area is no longer in effect. Developer agrees that any sale, lease, conveyance, or transfer of title to all or any portion of the Property or
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Redevelopment Area from and after the date hereof shall be made explicitly subject to such covenants and restrictions. Notwithstanding anything contained in this Section 8.19(c) to the contrary, the City, in its sole discretion and by its sole action, without the joinder or concurrence of Developer, its successors or assigns, may waive and terminate Developer's covenants and agreements set forth in this Section 8 19(c).

(d) Change in Use and Ownership If applicable during the Term of this Agreement, Developer shall complete a letter of notification, in accordance with 35 ILCS 200/15-20, notifying the Cook County Assessor that there has been a change in use and ownership of the Property. After delivery ofthe notification to the Cook County Assessor via certified mail, return receipt requested, Developer shall forward a copy of the return receipt to DPD, with a copy to the City's Corporation Counsel's office. Additionally, the provisions of this Section 8.19 do not prohibit a change in use of portions ofthe Property so long as the Developer is in compliance with the Operating Covenant as set forth in Section 8.06(a) hereof, including if such change in use results in Non-exempt Property thereafter being exempt from the payment of real estate taxes.
Annual Compliance Report. During the Compliance Period, the Developer shall submit to DPD the Annual Compliance Report on or before February 1st of the year after the end of the calendar year to which the Annual Compliance Report relates.
Inspector General. It is the duty of Developer and the duty of any bidder, proposer, contractor, subcontractor, and every applicant for certification of eligibility for a City contract or program, and all of Developer's officers, directors, agents, partners, and employees and any such bidder, proposer, contractor, subcontractor or such applicant to cooperate with the Inspector General in any investigation or hearing undertaken pursuant to Chapter2-56 ofthe Municipal Code. Developer represents that it understands and will abide by all provisions of Chapters 2-56 of the Municipal Code and that it will inform subcontractors ofthis provision and require their compliance.
Sustainability Requirement. As to the Headquarters, the Developer has received a LEED Silver Certification (LEED for Commercial Interiors (V2009)). The following evidence of such certification has been provided to and approved by DPD's Sustainable Development Unit' 1) a LEED for Commercial Interiors Checklist and 2) a LEED Silver certification
FOIA and Local Records Act Compliance

FOIA The Developer acknowledges that the City is subject to the Illinois Freedom of Information Act, 5 ILCS 140/1 et seq as amended ("FOIA"). The FOIA requires the City to produce records (very broadly defined in FOIA) in response to a FOIA request in a very short period of time, unless the records requested are exempt under the FOIA. If the Developer receives a request from the City to produce records within the scope of FOIA, then the Developer covenants to comply with such request within 48 hours of the date of such request. Failure by the Developer to timely comply with such request shall be an Event of Default
Exempt Information Documents that the Developer submits to the City under Section 8.20, (Annual Compliance Report) or otherwise during the Term of the Agreement that 'contain trade secrets and commercial or financial information may be exempt if disclosure would result in competitive harm However, for documents submitted by the Developer to be treated as a trade secret or information that would cause competitive harm, FOIA requires that Developer mark any such documents as "proprietary, privileged or confidential." If the Developer marks a document as "proprietary, privileged and confidential", then DPD will evaluate whether such document may be withheld under the FOIA. DPD, in its discretion, will determine whether a document will be

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exempted from disclosure, and that determination is subject to review by the Illinois Attorney General's Office and/or the courts
(c) Local Records Act The Developer acknowledges that the City is subject to the Local Records Act, 50 ILCS 205/1 et seq, as amended (the 'Local Records Act") The Local Records Act provides that public records may only be disposed of as provided in the Local Records Act. If requested by the City, the Developer covenants to use its best efforts consistently applied to assist the City in its compliance with the Local Records Act.
Job Readiness Program. Developer shall undertake a job readiness program to work with the City, through DPD'sWorkforce Unit, to participate in job training programs to provide job applicants for the jobs created by the Project and the operation of Developer's business on the Property.
Survival of Covenants. All warranties, representations, covenants and agreements of Developer contained in this Section 8 and elsewhere in this Agreement shall be true, accurate and complete at the time of Developer's execution of this Agreement, and shall survive the execution, delivery and acceptance hereof by the parties hereto and (except as provided in Section 7 hereof upon the issuance of the Certificate) shall be in effect throughout the Term of the Agreement.

SECTION 9. COVENANTS/REPRESENTATIONS/WARRANTIES OF CITY

9.01 General Covenants. The City represents that it has the authority as a home rule unit
of local government to execute and deliver this Agreement and to perform its obligations hereunder.

9.02 Survival of Covenants All warranties, representations, and covenants of the City
contained in this Section 9 or elsewhere in this Agreement shall be true, accurate, and complete at
the time of the City's execution of this Agreement, and shall survive the execution, delivery and
acceptance hereof by the parties hereto and be in effect throughout the Term of the Agreement.

SECTION 10. DEVELOPER'S EMPLOYMENT OBLIGATIONS

10.01 Employment Opportunity Developer, on behalf of itself and its successors and assigns hereby agrees, and shall contractually obligate its or their various contractors, subcontractors or any Affiliate of Developer operating on the Property (collectively, with Developer, the "Employers' and individually an Employer ') to agree, that for the Term of this Agreement with respect to Developer and during the period of any other party's provision of services in connection with the construction of the Project or occupation ofthe Property.

(a) No Employer shall discriminate against any employee or applicant for employment based upon race, religion, color, sex, national origin or ancestry, age, handicap or disability, sexual orientation, military discharge status, marital status, parental status or source of income as defined in the City of Chicago Human Rights Ordinance, Chapter 2-160, Section 2-160-010 et seq., Municipal Code, except as otherwise provided by said ordinance and as amended from time to time (the "Human Rights Ordinance"). Each Employer shall take affirmative action to ensure that applicants are hired and employed without discrimination based upon race, religion, color, sex, national origin or ancestry, age, handicap or disability, sexual orientation, military discharge status, marital status, parental status or source of income and are treated in a non-discriminatory manner with regard to all job-related matters, including without limitation: employment, upgrading, demotion or transfer; recruitment or recruitment advertising; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship. Each Employer agrees to post in
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conspicuous places, available to employees and applicants for employment, notices to be provided by the City setting forth the provisions of this nondiscrimination clause. In addition, the Employers, in all solicitations or advertisements for employees, shall state that all qualified applicants shall receive consideration for employment without discrimination based upon race, religion, color, sex, national origin or ancestry, age, handicap or disability, sexual orientation, military discharge status, marital status, parental status or source of income
To the greatest extent feasible, each Employer is required to present opportunities for training and employment of low- and moderate-income residents ofthe City and preferably ofthe Redevelopment Area; and to provide that contracts for work in connection with the construction of the Headquarters be awarded to business concerns that are located in, or owned in substantial part by persons residing in, the City and preferably in the Redevelopment Area.
Each Employer shall comply with all federal, state and local equal employment and affirmative action statutes, rules and regulations, including but not limited to the City's Human Rights Ordinance and the Illinois Human Rights Act, 775 ILCS 5/1-101 et seq. (1993), and any subsequent amendments and regulations promulgated thereto.
Each Employer, in order to demonstrate compliance with the terms of this Section, shall cooperate with and promptly and accurately respond to inquiries by the City, which has the responsibility to observe and report compliance with equal employment opportunity regulations of federal, state and municipal agencies.
Each Employer shall include the foregoing provisions of subparagraphs (a) through (d) in every contract entered into in connection with the Headquarters, and shall require inclusion of these provisions in every subcontract entered into by any subcontractors, and every agreement with any Affiliate operating on the Property, so that each such provision shall be binding upon each contractor, subcontractor or Affiliate, as the case may be.
Failure to comply with the employment obligations described in this Section 10.01 shall be a basis for the City to pursue remedies under the provisions of Section 15.02 hereof

10.02 City Resident Construction Worker Employment Requirement Developer agrees for itself and its successors and assigns and has contractually obligated its General Contractor for the Headquarters and has caused the General Contractor to contractually obligate its subcontractors, as applicable, to agree, that during the construction of the Headquarters they shall comply with the minimum percentage of total worker hours performed by actual residents of the City as specified in Section 2-92-330 of the Municipal Code (at least 50 percent ofthe total worker hours worked by persons on the site of the Headquarters shall be performed by Actual Residents of the City); provided, however, that in addition to complying with this percentage, Developer, its General Contractor and each subcontractor was required to make good faith efforts to utilize qualified residents ofthe City in both unskilled and skilled labor positions.

Developer may request a reduction or waiver of this minimum percentage level of Chicagoans as provided for in Section 2-92-330 of the Municipal Code in accordance with standards and procedures developed by the Chief Procurement Officer of the City.
"Actual Residents ofthe City" shall mean persons domiciled within the City. The domicile is an individual's one and only true, fixed and permanent home and principal establishment.

Developer, the General Contractor and each subcontractor shall provide for the maintenance of adeguate employee residency records to show that actual Chicago residents are employed on the
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Headquarters portion of the Project Each Employer shall maintain copies of personal documents supportive of every Chicago employee's actual record of residence

Developer, the General Contractor and each subcontractor shall provide full, access to their employment records to the Chief Procurement Officer, the Commissioner of DPD, the Superintendent of the Chicago Police Department, the Inspector General or any duly authorized representative of any of them. Developer, the General Contractor and each subcontractor shall maintain all relevant personnel data and records for a period of at least three (3) years after final acceptance of the work constituting the Headquarters portion of the Project.

At the direction of DPD, affidavits and other supporting documentation will be required of Developer, the General Contractor and each subcontractor to verify or clarify an employee's actual address when doubt or lack of clarity has arisen.

Good faith efforts on the part of Developer, the General Contractor and each subcontractor to provide utilization of actual Chicago residents (but not sufficient for the granting of a waiver request as provided for in the standards and procedures developed by the Chief Procurement Officer) shall not suffice to replace the actual, verified achievement of the requirements of this Section concerning the worker hours performed by actual Chicago residents.

In the event that the City has determined that Developer has failed to ensure the fulfillment of the requirement ofthis Section concerning the worker hours performed by actual Chicago residents or failed to report in the manner as indicated above, the City will thereby be damaged in the failure to provide the benefit of demonstrable employment to Chicagoans to the degree stipulated in this Section. Therefore, in such a case of non-compliance, it is agreed that 1/20 of 1 percent (0.0005) of the aggregate hard construction costs set forth in the Headquarters portion of the Project budget (the product of .0005 x such aggregate hard construction costs) (as the same shall be evidenced by approved contract value for the actual contracts) shall be surrendered by Developer to the City in payment for each percentage of shortfall toward the stipulated residency requirement. Failure to report the residency of employees entirely and correctly shall result in the surrender of the entire liquidated damages as if no Chicago residents were employed in either ofthe categories The willful falsification of statements and the certification of payroll data may subject Developer, the General Contractor and/or the subcontractors to prosecution Any retainage to cover contract performance that may become due to Developer pursuant to Section 2-92-250 of the Municipal Code may be withheld by the City pending the Chief Procurement Officer's determination as to whether Developer must surrender damages as provided in this paragraph

Nothing herein provided shall be construed to be a limitation upon the "Notice of Requirements for Affirmative Action to Ensure Equal Employment Opportunity, Executive Order 11246 " and "Standard Federal Equal Employment Opportunity, Executive Order 11246," or other affirmative action required for equal opportunity under the provisions of this Agreement or related documents.

10.03. MBE/WBE Commitment Developer agrees for itself and its successors and assigns, and, if necessary to meet the requirements set forth herein, has contractually obligated the General Contractor to agree that during the construction ofthe Headquarters portion ofthe Project.

(a) Consistent with the findings which support, as applicable, (i) the Minority-Owned and Women-Owned Business Enterprise Procurement Program, Section 2-92-420 et seq., Municipal Code (the "Procurement Program"), and (ii) the Minority- and Women-Owned Business Enterprise Construction Program, Section 2-92-650 et seq Municipal Code (the "Construction Program," and collectively with the Procurement Program, the "MBE/WBE Program"), and in reliance upon the
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provisions of the MBEAA/BE Program to the extent contained in, and as qualified by, the provisions of this Section 10 03, during the course of the construction of the Headquarters portion of the Project, at least the following percentages of the MBE/WBE Budget (as set forth in Exhibit H-2 hereto) shall be expended for contract participation by MBEs and by WBEs.
At least 26 percent by MBEs
At least six percent by WBEs.

(b) For purposes of this Section 10.03 only, Developer (and any party to whom a contract is
let by Developer in connection with the construction of the Headquarters) shall be deemed a
"contractor' and this Agreement (and any contract let by Developer in connection with the
construction ofthe Headquarters) shall be deemed a "contract" or a "construction contract" as such
terms are defined in Sections 2-92-420 and 2-92-670, Municipal Code, as applicable.

(c) Consistent with Sections 2-92-440 and 2-92-720, Municipal Code, Developer's
MBEAA/BE commitment may be achieved in part by Developer's status as an MBE or WBE (but only
to the extent of any actual work performed on the Headquarters by Developer) or by a joint venture
with one or more MBEs or WBEs (but only to the extent of the lesser of (i) the MBE or WBE
participation in such joint venture or (ii) the amount of any actual work performed on the
Headquarters by the MBE or WBE), by Developer utilizing a MBE or a WBE as the General
Contractor (but only to the extent of any actual work performed on the Project by the General
Contractor), by subcontracting or causing the General Contractor to subcontract a portion of the
Headquarters to one or more MBEs or WBEs, or by the purchase of materials or services used in
the Headquarters from one or more MBEs or WBEs, or by any combination ofthe foregoing. Those
entities which constitute both a MBE and a WBE shall not be credited more than once with regard to
Developer's MBEAA/BE commitment as described in this Section 10.03. In accordance with Section
2-92-730, Municipal Code, Developer shall not substitute any MBE or WBE General Contractor or
subcontractor without the prior written approval of DPD.
Developer shall deliver a report to the City's monitoring staff describing its efforts to achieve compliance with this MBE/WBE commitment Such report shall include, inter alia, the name and business address of each MBE and WBE solicited by Developer or the General Contractor to work on the construction of the Headquarters, and the responses received from such solicitation, the name and business address .of each MBE or WBE actually involved in the Headquarters construction, a description of the work performed or products or services supplied, the date and amount of such work, product or service, and such other information as may assist the City's monitoring staff in determining Developer's compliance with this MBE/WBE commitment. Developer shall maintain records of all relevant data with respect to the utilization of MBEs and WBEs in connection with the Headquarters construction for at least five years after completion of the Headquarters, and the City's monitoring staff shall have access to all such records maintained by Developer, on five Business Days' notice, to allow the City to review Developer's compliance with its commitment to MBEAA/BE participation and the status of any MBE or WBE performing any portion of the Headquarters construction.
Intentionally Omitted.
Any reduction or waiver of Developer's MBEAA/BE commitment as described in this Section 10.03 shall be undertaken in accordance with Sections 2-92-450 and 2-92-730, Municipal Code, as applicable.
Developer shall submit the documentation required by this Section 10.03 to the City's monitoring staff, including the following (i) subcontractor's activity report; (ii) contractor's certification
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concerning labor standards and prevailing wage requirements; (iii) contractor letter of understanding; (iv) monthly utilization report, (v) authorization for payroll agent; (vi) certified payroll; (vii) evidence that MBE/WBE contractor associations have been informed of the Headquarters construction via written notice and hearings, and (viii) evidence of compliance with job creation/job retention requirements

SECTION 11. ENVIRONMENTAL MATTERS

Developer hereby represents and warrants to the City that the Project may be constructed, completed and operated in accordance with all Environmental Laws and this Agreement and all Exhibits attached hereto, the Scope Drawings, Plans and Specifications and all amendments thereto, the Bond Ordinance, if any, the Planned Development and the Redevelopment Plan.

Without limiting any other provisions hereof, Developer agrees to indemnify, defend and hold the City harmless from and against any and all losses, liabilities, damages, injuries, costs, expenses or claims of any kind whatsoever including, without limitation, any losses, liabilities, damages, injuries, costs, expenses or claims asserted or arising under any Environmental Laws incurred, suffered by or asserted against the City as a direct or indirect result of any of the following, regardless of whether or not caused by, or within the control of Developer: (i) the presence of any Hazardous Material on or under, or the escape, seepage, leakage, spillage, emission, discharge or release of any Hazardous Material from (A) all or any portion of the Property or (B) any other real property in which Developer, or any person directly or indirectly controlling, controlled by or under common control with Developer, holds any estate or interest whatsoever (including, without limitation, any property owned by a land trust in which the beneficial interest is owned, in whole or in part, by Developer), or (ii) any liens against the Property permitted or imposed by any Environmental Laws, or any actual or asserted liability or obligation of the City or Developer or any of its Affiliates under any Environmental Laws relating to the Property.

SECTION 12. INSURANCE

Developer must provide and maintain at Developer's own expense, or cause to be provided and maintained during the Term of this Agreement, the insurance coverage and requirements specified below, insuring all operations related to the Agreement

(a) Prior to execution and delivery of this Agreement
Workers Compensation and Employers Liability

Workers Compensation Insurance, as prescribed by applicable law covering all employees who are to provide work under this Agreement and Employers Liability coverage with limits of not less than $100,000 each accident, illness or disease.
Commercial General Liability (Primary and Umbrella)

Commercial General Liability Insurance or equivalent with limits of not less than $1,000.000 per occurrence for bodily injury, personal injury, and property damage liability. Coverages must include the following All premises and operations, products/completed operations independent contractors, separation of insureds, defense, and contractual liability (with no limitation endorsement). The City of Chicago is to be named as an additional insured on a primary, non-contributory basis for any liability arising directly or indirectly from the work.

(in) All Risk Property
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All Risk Property Insurance at replacement value of the property to protect against loss of, damage to, or destruction of the building/facility The City is to be named as an additional insured and loss payee/mortgagee if applicable
(b) Construction Prior to the construction of any portion of the Calument Heights Medical Home, Developer will cause its architects, contractors, subcontractors, project managers and other parties constructing the Calument Heights Medical Home to procure and maintain the following kinds and amounts of insurance.
Workers Compensation and Employers Liability
Workers Compensation Insurance, as prescribed by applicable law covering all employees who are to provide work under this Agreement and Employers Liability coverage with limits of not less than $500,000 each accident, illness or disease.
Commercial General Liability (Primary and Umbrella)

Commercial General Liability Insurance or equivalent with limits of not less than $2,000,000 per occurrence for bodily injury, personal injury, and property damage liability. Coverages must include the following: All premises and operations, products/completed operations (for a minimum of two (2) years following project completion), explosion, collapse, underground, separation of insureds, defense, and contractual liability (with no limitation endorsement). The City of Chicago is to be named as an additional insured on a primary, non-contributory basis for any liability arising directly or indirectly from the work.
Automobile Liability (Primary and Umbrella)

When any motor vehicles (owned, non-owned and hired) are used in connection with work to be performed, the Automobile Liability Insurance with limits of not less than $2,000,000 per occurrence for bodily injury and property damage The City of Chicago is to be named as an additional insured on a primary non-contributory basis
Railroad Protective Liability

When any work is to be clone adjacent to or on railroad or transit property, Developer must provide cause to be provided with respect to the operations that Contractors perform, Railroad Protective Liability Insurance in the name of railroad or transit entity The policy must have limits of not less than 52.000,000 per occurrence and $6,000,000 in the aggregate for losses arising out of injuries to or death of all persons, and for damage to or destruction of property, including the loss of use thereof.
All Risk /Builders Risk

When Developer undertakes any construction, including improvements, betterments, and/or repairs, Developer must provide or cause to be provided All Risk Builders Risk Insurance at replacement cost for materials, supplies, equipment, machinery and fixtures that are or will be part of the project. The City of Chicago is to be named as an additional insured and loss payee/mortgagee if applicable.
Professional Liability

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When any architects, engineers, construction managers or other professional consultants perform work in connection with this Agreement, Professional Liability Insurance covering acts, errors, or omissions must be maintained with limits of not less than $1,000,000. Coverage must include contractual liability When policies are renewed or replaced, the policy retroactive date must coincide with, or precede, start of work on the Contract A claims-made policy which is not renewed or replaced must have an extended reporting period of two (2) years
Valuable Papers

When any plans, designs, drawings, specifications and documents are produced or used under this Agreement, Valuable Papers Insurance must be maintained in an amount to insure against any loss whatsoever, and must have limits sufficient to pay for the re-creation and reconstruction of such records.
Contractors Pollution Liability

When any remediation work is performed which may cause a pollution exposure, Developer must cause remediation contractor to provide Contractor Pollution Liability covering bodily injury, property damage and other losses caused by pollution conditions that arise from the contract scope of work with limits of not less than $1,000,000 per occurrence. Coverage must include completed operations, contractual liability, defense, excavation, environmental cleanup, remediation and disposal. When policies are renewed or replaced, the policy retroactive date must coincide with or precede, start of work on the Agreement. A claims-made policy which is not renewed or replaced must have an extended reporting period of two (2) years. The City of Chicago is to be named as an additional insured.
Post Construction:

(i) All Risk Property Insurance at replacement value of the property to protect against loss of, damage to. or destruction of the building/facility. The City is to be named as an additional insured and loss payee/mortgagee if applicable
Other Requirements

Developer must furnish the City of Chicago, Department of Planning and Development, City Hall, Room 1000, 121 North LaSalle Street 60602, original Certificates of Insurance, or such similar evidence, to be in force on the date of this Agreement, and Renewal Certificates of Insurance, or such similar evidence, if the coverages have an expiration or renewal date occurring during the term of this Agreement. Developer must submit evidence of insurance on the City of Chicago Insurance Certificate Form (copy attached) or equivalent prior to closing. The receipt of any certificate does not constitute agreement by the City that the insurance requirements in the Agreement have been fully met or that the insurance policies indicated on the certificate are in compliance with all Agreement requirements. The failure of the City to obtain certificates or other insurance evidence from Developer is not a waiver by the City of any requirements for Developer to obtain and maintain the specified coverages Developer shall advise all insurers of the Agreement provisions regarding insurance. Non-conforming insurance does not relieve Developer of the obligation to provide insurance as specified herein Nonfulfillment of the insurance conditions may constitute a violation of the Agreement, and the City retains the right to stop work and/or terminate agreement until proper evidence of insurance is provided.

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The insurance must provide for 60 days prior written notice to be given to the City in the event coverage is substantially changed, canceled, or non-renewed.
Any deductibles or self-insured retentions on referenced insurance coverages must be borne by Developer and Contractors
Developer hereby waives and agrees to require their insurers to waive their rights of subrogation against the City of Chicago, its employees, elected officials, agents, or representatives.
The coverages and limits furnished by Developer in no way limit Developer's liabilities and responsibilities specified within the Agreement or by law.

Any insurance or self-insurance programs maintained by the City of Chicago do not contribute with insurance provided by Developer under the Agreement.

The required insurance to be carried is not limited by any limitations expressed in the indemnification language in this Agreement or any limitation placed on the indemnity in this Agreement given as a matter of law.
If Developer is a joint venture or limited liability company, the insurance policies must name the joint venture or limited liability company as a named insured.

Developer must require General Contractor and subcontractors to provide the insurance required herein, or Developer may provide the coverages for General Contractor and subcontractors. All General Contractors and subcontractors are subject to the same insurance requirements of Developer unless otherwise specified in this Agreement.
If Developer, any General Contractor or subcontractor desires additional coverages, the party desiring the additional coverages is responsible for the acquisition and cost.

The City of Chicago Risk Management Department maintains the right to modify, delete, alter or change these requirements

SECTION 13. INDEMNIFICATION

13.01 General Indemnity Developer agrees to indemnify, pay, defend and hold the City, and its elected and appointed officials, employees, agents and affiliates (individually an "Indemnitee/' and collectively the ' Indemnitees' ) harmless from and against, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, claims, costs, expenses and disbursements of any kind or nature whatsoever (and including without limitation, the reasonable fees and disbursements of counsel for such Indemnitees in connection with any investigative, administrative or judicial proceeding commenced or threatened, whether or not such Indemnitees shall be designated a party thereto), that may be imposed on, suffered, incurred by or asserted against the Indemnitees in any manner relating or arising out of:
Developer's failure to comply with any of the terms, covenants and conditions contained within this Agreement; or
Developer's or any contractor's failure to pay General Contractors, subcontractors or materialmen in connection with the TIF-Funded Improvements or any other Project improvement; or
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(ui) the existence of any material misrepresentation or omission in this Agreement, any offering memorandum or information statement or the Redevelopment Plan or any other document related to this Agreement that is the result of information supplied or omitted by Developer or any Affiliate Developer or any agents, employees, contractors or persons acting under the control or at the request of Developer or any Affiliate of Developer, or
(iv) Developer's failure to cure any misrepresentation in this Agreement or any other agreement relating hereto,

provided, however, that Developer shall have no obligation to an Indemnitee arising from the wanton or willful misconduct of that Indemnitee. To the extent that the preceding sentence may be unenforceable because it is violative of any law or public policy, Developer shall contribute the maximum portion that it is permitted to pay and satisfy under the applicable law, to the payment and satisfaction of all indemnified liabilities incurred by the Indemnitees or any of them. The provisions of the undertakings and indemnification set out in this Section 13.01 shall survive the termination of this Agreement.

SECTION 14. MAINTAINING RECORDS/RIGHT TO INSPECT
Books and Records. Developer shall keep and maintain separate, complete, accurate and detailed books and records necessary to reflect and fully disclose the total actual cost of the Project and the disposition of all funds from whatever source allocated thereto, and to monitor the Project. All such books, records and other documents, including but not limited to Developer's loan statements, if any, General Contractors' and contractors' sworn statements, general contracts, subcontracts, purchase orders, waivers of lien, paid receipts and invoices, shall be available at Developer's offices for inspection, copying, audit and examination by an authorized representative of the City, at Developer's expense. Developer shall incorporate this right to inspect, copy, audit and examine all books and records into all contracts entered into by Developer with respect to the Project.
Inspection Rights Upon three (3) business days' notice, any authorized representative of the City has access to all portions of the Project and the Property during normal business hours for the Term of the Agreement

SECTION 15. DEFAULT AND REMEDIES

15.01 Events of Default The occurrence of any one or more of the following events, subject to the provisions of Section 15 03, shall constitute an "Event of Default" by Developer hereunder:
the failure of Developer to perform, keep or observe any of the covenants, conditions, promises, agreements or obligations of Developer under this Agreement or any related agreement,
the failure of Developer to perform, keep or observe any of the covenants, conditions, promises, agreements or obligations of Developer under any other agreement with any person or entity if such failure may have a material adverse effect on Developer's business, property, assets, operations or condition, financial or otherwise,
the making or furnishing by Developer to the City of any representation, warranty, certificate, schedule, report or other communication within or in connection with this Agreement or any related agreement which is untrue or misleading in any material respect;
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except as otherwise permitted hereunder, the creation (whether voluntary or involuntary) of, or any attempt to create, any lien or other encumbrance upon the Property, including any fixtures
x now or hereafter attached thereto, other than the Permitted Liens, or the making or any attempt to make any levy, seizure or attachment thereof,
the commencement of any proceedings in bankruptcy by or against Developer or for the liquidation or reorganization of Developer, or alleging that Developer is insolvent or unable to pay its debts as they mature, or for the readjustment or arrangement of Developer's debts, whether under the United States Bankruptcy Code or under any other state or federal law, now or hereafter existing for the relief of debtors, or the commencement of any analogous statutory or non-statutory proceedings involving Developer; provided, however, that if such commencement of proceedings is involuntary, such action shall not constitute an Event of Default unless such proceedings are not dismissed within sixty (60) days after the commencement of such proceedings;
the appointment of a receiver or trustee for Developer, for any substantial part of Developer's assets or the institution of any proceedings for the dissolution, or the full or partial liquidation, or the merger or consolidation (except as permitted pursuant to Section 8.01 (j) hereof), of Developer; provided, however, that if such appointment or commencement of proceedings is involuntary, such action shall not constitute an Event of Default unless such appointment is not revoked or such proceedings are not dismissed within sixty (60) days after the commencement thereof;
the entry of any judgment or order against Developer which has a material adverse effect on Developer's ability to perform its obligations under this Agreement and which remains unsatisfied or undischarged and in effect for sixty (60) days after such entry without a stay of enforcement or execution;
the occurrence of an event of default under the Lender Financing, which default is not cured within any applicable cure period;

(i) the dissolution of Developer

(j) the institution in any court of a criminal proceeding (other than a misdemeanor) against Developer or any natural person who owns a material interest in Developer, which is not dismissed within thirty (30) days, or the indictment of Developer or any natural person who owns a material interest in Developer, for any crime (other than a misdemeanor).

(k) during the Compliance Period, the sale or transfer of a majority of the ownership interests of Developer without the prior written consent of the City; or

(I) The failure of Developer, or the failure by any party that is a Controlling Person (defined in Section 1-23-010 of the Municipal Code) with respect to Developer, to maintain eligibility to do business with the City in violation of Section 1-23-030 of the Municipal Code; such failure shall render this Agreement voidable or subject to termination, at the option of the Chief Procurement Officer.

15.02 Remedies. Upon the occurrence of an Event of Default, the City may immediately draw the full principal amount of the Letter of Credit, terminate this Agreement and any other agreements to which the City and Developer are or shall be parties, suspend or permanently discontinue continued disbursement of City Funds and/or seek reimbursement of any City Funds paid. The City may, in any court of competent jurisdiction by any action or proceeding at law or in
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equity, pursue and secure any available remedy, including but not limited to damages, injunctive relief or the specific performance of the agreements contained herein. Upon the occurrence of an Event of Default under Section 8.06, Developer shall be obligated to repay to the City all previously disbursed City Funds.

Upon the occurrence of an Event of Default because of failure to comply with Section 8.01(j)(2) (in the event of a sale or transfer of the Project or any part thereof for any use other than as set forth in Rectial E during the Compliance Period), the Developer agrees to pay and remit to the City an amount equal to five percent (5%) of such sale, transfer, lease or other disposition based on the final executed settlement statement prepared in connection with such sale, transfer or other disposition, with such repayment amount not to exceed 110% of the total City Funds paid to the Developer.

15.03 Curative Period. In the event Developer shall fail to perform a monetary covenant which Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless Developer has failed to perform such monetary covenant within ten (10) days of its receipt of a written notice from the City specifying that it has failed to perform such monetary covenant. In the event Developer shall fail to perform a non-monetary covenant which Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless Developer has failed to cure such default within thirty (30) days of its receipt of a written notice from the City specifying the nature of the default; provided, however, with respect to those non-monetary defaults which are not capable of being cured within such thirty (30) day period, Developer shall not be deemed to have committed an Event of Default under this Agreement if it has commenced to cure the alleged default within such thirty (30) day period and thereafter diligently and continuously prosecutes the cure of such default until the same has been cured.

Notwithstanding any other provision of this Agreement to the contrary:
the only cure periods, if any, applicable to the Developer's failure to comply with the Jobs Covenant are those set forth in Section 8.06
there shall be no notice requirement or cure period with respect to an Event of Default arising from the Developer s failure to comply with the Operations Covenant; and
(c) there shall be no notice requirement or cure period with respect to Events of Default
described in Section 8.20 (with respect to filing the Annual Report).

SECTION 16. MORTGAGING OF THE PROJECT

All mortgages or deeds of trust in place as of the date hereof with respect to the Projects or any portion thereof as referenced in Exhibit G hereto (including but not limited to mortgages securing the Master Trust Indenture), as shall be amended and supplemented in the future are referred to herein as the "Existing Mortgages." The Existing Mortgages are the only mortgage or deed of trust in place as of the date hereof with respect to the Project or any portion thereof. No amendments or supplements to the Existing Mortgages shall be deemed to be a New Mortgage as defined hereinafter.



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Any mortgage or deed of trust that Developer may hereafter elect to execute and record or permit to be recorded against the Project or any portion thereof is referred to herein as a "New Mortgage ;' Any New Mortgage that Developer may hereafter elect to execute and record or permit to be recorded against the Project or any portion thereof with the prior written consent of the City is referred to herein as a "Permitted Mortgage :' It is hereby agreed by and between the City and Developer as follows

(a) In the event that a mortgagee or any other party shall succeed to Developer's interest
in the Project or any portion thereof pursuant to the exercise of remedies under a New Mortgage
(other than a Permitted Mortgage), whether by foreclosure or deed in lieu of foreclosure, and in
conjunction therewith accepts an assignment of Developer's interest hereunder in accordance with
Section 18.14 hereof, the City may, but shall not be obligated to, attorn to and recognize such party
as the successor in interest to Developer for all purposes under this Agreement and, unless so
recognized by the City as the successor in interest, such party shall be entitled to no rights or
benefits under this Agreement, but such party shall be bound by those provisions of this Agreement
that are covenants expressly running with the land.

(b) In the event that any mortgagee shall succeed to Developer's interest in the Project or
any portion thereof pursuant to the exercise of remedies under an Existing Mortgage or a Permitted
Mortgage, whether by foreclosure or deed in lieu of foreclosure, and in conjunction therewith
accepts an assignment of Developer's interest hereunder in accordance with Section 18.14 hereof,
the City hereby agrees to attorn to and recognize such party as the successor in interest to
Developer for all purposes under this Agreement so long as such party accepts all ofthe obligations
and liabilities of "Developer" hereunder; provided, however, that, notwithstanding any other provision
of this Agreement to the contrary, it is understood and agreed that if such party accepts an
assignment of Developer's interest under this Agreement, such party has no liability under this
Agreement for any Event of Default of Developer which accrued prior to the time such party
succeeded to the interest of Developer under this Agreement, in which case Developer shall be
solely responsible. However, if such mortgagee under a Permitted Mortgage or an Existing
Mortgage does not expressly accept an assignment of Developer's interest hereunder, such party
shall be entitled to no rights and benefits under this Agreement, and such party shall be bound only
by those provisions of this Agreement, if any. which are covenants expressly running with the land

(c) Prior to the issuance by the City to Developer of the Certificate pursuant to Section 7
hereof, no New Mortgage shall be executed with respect to the Property or any portion thereof
without the prior written consent of the Commissioner of DPD After issuance of the Certificate, if a
mortgagee or other permitted transferee executes a subordination agreement in which it
subordinates its New Mortgage to the covenants contained in Section 8.02, Section 8 06 and
Section 8 19 of this Agreement, then City consent is not required for the New Mortgage.

SECTION 17. NOTICE

Unless otherwise specified, any notice, demand or request required hereunder shall be given in writing at the addresses set forth below, by any of the following means: (a) personal service; (b) telecopy or facsimile; (c) overnight courier, or (d) registered or certified mail, return receipt requested.






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If to the City: City of Chicago Department of Planning and Development 121 North LaSalle Street, Room 1000 Chicago, Illinois 60602 Attention Commissioner If to Developer Presence Health Network 200 South Wacker Drive Chicago, IL 60606 Attention Jeannie Carmedelle Frey, General Counsel
With Copies To: City of Chicago Department of Law 121 North LaSalle Street, Room 600 Chicago, Illinois 60602 Attention: Finance and Economic Development Division With Copies To: Foley & Lardner LLP 321 N Clark Street, Suite 2800 Chicago, IL 60654 Attention: Donna J. Pughand Wayne F. Osoba
Such addresses may be changed by notice to the other parties given in the same manner provided above. Any notice, demand, or request sent pursuant to either clause (a) or (b) hereof shall be deemed received upon such personal service or upon dispatch. Any notice, demand or request sent pursuant to clause (c) shall be deemed received on the day immediately following deposit with the overnight courier and any notices, demands or requests sent pursuant to subsection (d) shall be deemed received two (2) business days following deposit in the mail.

SECTION 18. MISCELLANEOUS
Amendment. This Agreement and the Exhibits attached hereto may not be amended or modified without the prior written consent of the parties hereto; provided, however, that the City, in its sole discretion, may amend, modify or supplement the Redevelopment Plan without the consent of any party hereto. It is agreed that no material amendment or change to this Agreement shall be made or be effective unless ratified or authorized by an ordinance duly adopted by the City Council The term material: for the purpose of this Section 18.01 shall be defined as any deviation from the terms of the Agreement which operates to cancel or otherwise reduce any developmental, construction or job-creating obligations of Developer (including those set forth in Sections 10.02 and 10.03 hereof) by more than five percent (5%) or materially changes the Project site or character of the Project or any activities undertaken by Developer affecting the Project site, the Project, or both, or increases any time agreed for performance by Developer by more than ninety (90) days, including but not limited to extension of the time periods for completion of the Project or any portion of the Project more than ninety (90) days past the timeframes set forth in Section 3.04 hereof.
Entire Agreement. This Agreement (including each Exhibit attached hereto, which is hereby incorporated herein by reference) constitutes the entire Agreement between the parties hereto and it-supersedes all prior agreements, negotiations and discussions between the parties relative to the subject matter hereof.
Limitation of Liability. No member, official or employee of the City shall be personally liable to Developer or any successor in interest in the event of any default or breach by the City or for any amount which may become due to Developer from the City or any successor in interest or on any obligation under the terms of this Agreement.


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Further Assurances Developer agrees to take such actions, including the execution and delivery of such documents, instruments, petitions and certifications as may become necessary or appropriate to carry out the terms, provisions and intent of this Agreement.
Waiver Waiver by the City or Developer with respect to any breach of this Agreement shall not be considered or treated as a waiver of the rights of the respective party with respect to any other default or with respect to any particular default, except to the extent specifically waived by the City or Developer in writing No delay or omission on the part of a party in exercising any right shall operate as a waiver of such right or any other right unless pursuant to the specific terms hereof. A waiver by a party of a provision of this Agreement shall not prejudice or constitute a waiver of such party's right otherwise to demand strict compliance with that provision or any other provision of this Agreement. No prior waiver by a party, nor any course of dealing between the parties hereto, shall constitute a waiver of any such parties' rights or of any obligations of any other party hereto as to any future transactions.
Remedies Cumulative. The remedies of a party hereunder are cumulative and the exercise of any one or more of the remedies provided for herein shall not be construed as a waiver of any other remedies of such party unless specifically so provided herein.
Disclaimer. Nothing contained in this Agreement nor any act of the City shall be deemed or construed by any of the parties, or by any third person, to create or imply any relationship of third-party beneficiary, principal or agent, limited or general partnership or joint venture, or to create or imply any association or relationship involving the City.
Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original and all of which shall constitute one and the same agreement.
Severability. If any provision in this Agreement, or any paragraph, sentence, clause, phrase, word or the application thereof, in any circumstance, is held invalid, this Agreement shall be construed as if such invalid part were never included herein and the remainder ofthis Agreement shall be and remain valid and enforceable to the fullest extent permitted by law
Conflict In the event of a conflict between any provisions ofthis Agreement and the provisions of the TIF Ordinances and/or the Bond Ordinance if any, such ordinance(s) shall prevail and control
Governing Law This Agreement shall be governed by and construed in accordance with the internal laws of the State of Illinois, without regard to its conflicts of law principles.
Form of Documents. All documents required by this Agreement to be submitted, delivered or furnished to the City shall be in form and content satisfactory to the City.
Approval. Wherever this Agreement provides for the approval or consent ofthe City, DPD or the Commissioner, or any matter is to be to the City's, DPD's or the Commissioner's satisfaction, unless specifically stated to the contrary, such approval, consent or satisfaction shall be made, given or determined by the City, DPD or the Commissioner in writing and in the reasonable discretion thereof. The Commissioner or other person designated by the Mayor of the City shall act for the City or DPD in making all approvals, consents and determinations of satisfaction, granting the Certificate or otherwise administering this Agreement for the City.
Assignment. Except as otherwise permitted in Section 8.01 (j) hereof, Developer may not sell, assign or otherwise transfer its interest in this Agreement in whole or in part without the
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written consent of the City. Any successor in interest to Developer under this Agreement shall certify in writing to the City its agreement to abide by all remaining executory terms of this Agreement, including but not limited to Section 8.02 (Covenant to Redevelop), Section 8.06 (Jobs Covenant), Section 8.19 (Real Estate Provisions), Section 8.20 (Annual Compliance Report), Section 8.23 (FOIA and Local Records Act Compliance) and Section 8.25 (Survival of Covenants) hereof, for the Term of the Agreement Developer consents to the City's sale, transfer, assignment or other disposal of this Agreement at any time in whole or in part.
Binding Effect. This Agreement shall be binding upon Developer, the City and their respective successors and permitted assigns (as provided herein) and shall inure to the benefit of Developer, the City and their respective successors and permitted assigns (as provided herein). Except as otherwise provided herein, this Agreement shall not run to the benefit of, or be enforceable by, any person or entity other than a party to this Agreement and its successors and permitted assigns. This Agreement should not be deemed to confer upon third parties any remedy, claim, right of reimbursement or other right.
Force Majeure. Neither the City nor Developer nor any successor in interest to either of them shall be considered in breach of or in default of its obligations under this Agreement in the event of any delay caused by damage or destruction by fire or other casualty, strike, shortage of material, unusually adverse weather conditions such as, by way of illustration and not limitation, severe rain storms or below freezing temperatures of abnormal degree or for an abnormal duration, tornadoes or cyclones, and other events or conditions beyond the reasonable control ofthe party affected which in fact interferes with the ability of such party to discharge its obligations hereunder. The individual or entity relying on this section with respect to any such delay shall, upon the occurrence ofthe event causing such delay, immediately give written notice to the other parties to this Agreement. The individual or entity relying on this section with respect to any such delay may rely on this section only to the extent of the actual number of days of delay effected by any such events described above.
Business Economic Support Act Pursuant to the Business Economic Support Act (30 ILCS 760/1 et seq ), if Developer is required to provide notice under the WARN Act, Developer shall, in addition to the notice required under the WARN Act. provide at the same time a copy ofthe WARN Act notice to the Governor of the State, the Speaker and Minority Leader of the House of Representatives of the State, the President and minority Leader of the Senate of State, and the Mayor of each municipality where Developer has locations in the State Failure by Developer to provide such notice as described above may result in the termination of all or a part of the payment or reimbursement obligations of the City set forth herein
Venue and Consent to Jurisdiction If there is a lawsuit under this Agreement, each party hereto agrees to submit to the jurisdiction of the courts of Cook County, the State of Illinois and the United States District Court for the Northern District of Illinois.
Costs and Expenses. In addition to and not in limitation of the other provisions of this Agreement, Developer agrees to pay upon demand the City's out-of-pocket expenses, including attorney's fees, incurred in connection with the enforcement of the provisions ofthis Agreement. This includes, subject to any limits under applicable law, attorney's fees and legal expenses, whether or not there is a lawsuit, including attorney's fees for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals and any anticipated post-judgment collection services. Developer also will pay any court costs, in addition to all other sums provided by law.


44

18.20 Business Relationships The Developer acknowledges (A) receipt of a copy of Section 2-156-030 (b) of the Municipal Code: (B) that Developer has read such provision and understands that pursuant to such Section 2-156-030 (b), it is illegal for any elected official of the City, or any person acting at the direction of such official, to contact, either orally or in writing, any other City official or employee with respect to any matter involving any person with whom the elected City official or employee has a business relationship that creates a Financial Interest, or to participate in any discussion in any City Council committee hearing or in any City Council meeting or to vote on any matter involving any person with whom the elected City official or employee has a business relationship that creates a Financial Interest, or to participate in any discussion in any City Council committee hearing or in any City Council meeting or to vote on any matter involving the person with whom an elected official has a business relationship that creates a Financial Interest, and (C) that a violation of Section 2-156-030 (b) by an elected official, or any person acting at the direction of such official, with respect to any transaction contemplated by this Agreement shall be grounds for termination of this Agreement and the transactions contemplated hereby. The Developer hereby represents and warrants that, to the best of its knowledge after due inquiry, no violation of Section 2-156-030 (b) has occurred with respect to this Agreement or the transactions contemplated hereby.


[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]


































45

IN WITNESS WHEREOF, the parties hereto have caused this Redevelopment Agreement to be executed on or as of the day and year first above written



PRESENCE HEALTH NETWORK,
an Illinois not-for-profit corporation



By: :
President and CEO


CITY OF CHICAGO


By:
David L. Reifman Commissioner Department of Planning and Development































46

STATE OF ILLINOIS )
) SS
COUNTY OF COOK )



I, , a notary public in and for the said County, in the State aforesaid,
DO HEREBY CERTIFY that , personally known to me to be the President and CEO of
Presence Health Network, an Illinois not-for-profit corporation (the "Developer), and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed, sealed, and delivered said instrument, pursuant to the authority given to him by the members of Developer, as his free and voluntary act and as the free and voluntary act of Developer, for the uses and purposes therein set forth.

GIVEN under my hand and official seal this day of , 2017.


Notary Public


My Commission Expires.

(SEAL)





























47

STATE OF ILLINOIS )
) SS
COUNTY OF COOK )



I, , a notary public in and for the said County, in the State
aforesaid, DO HEREBY CERTIFY that David L Reifman, personally known to me to be the Commissioner of the Department of Planning and Development of the City of Chicago (the "City "), and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed, sealed, and delivered said instrument pursuant to the authority given to him by the City, as his free and voluntary act and as the free and voluntary act of the City, for the uses and purposes therein set forth.

GIVEN under my hand and official seal this day of , 2017.



Notary Public


My Commission Expires.

(SEAL)





























48

EXHIBIT A . REDEVELOPMENT AREA


[TO BE ATTACHED AT CLOSING]
EXHIBIT B PROPERTY

[TO BE ATTACHED AT CLOSING]
EXHIBIT C

TIF-FUNDED IMPROVEMENTS


Costs of rehabilitation, reconstruction, or repair or remodeling
of the Headquarters. $5,788,890*

*Notwithstanding the total of TIF-Funded Improvements or the amount of TIF-eligible costs, the assistance to be provided by the City is limited to the amount described in Section 4.03 and shall not exceed $5,553,009. Only costs incurred for the Headquarters shall be considered TIF-eligible costs.
NOTE: All references to categories of TIF-Funded Improvements described in this Exhibit are subject to the limitations and requirements of the TIF Act.
EXHIBIT D

JOBS AND OCCUPANCY CERTIFICATE


, 20
City of Chicago
Department of Planning and Development 121 North LaSalle Street, Room 1000 Chicago, IL 60602 Attention: Commissioner
Re: Jobs and Occupancy Certificate
Presence Health Network Redevelopment Agreement
Dear Commissioner:
This Certificate is delivered pursuant to the Presence Health Network Redevelopment
Agreement dated as of , 20 (the "Agreement") and constitutes the Jobs and
Occupancy Certificate of the Developer for the period ended , [add
month, day and year] (the "Period"). The undersigned certifies that (a) the Developer continues to maintain the Headquarters at the Property [or within the LaSalle Central Redevelopment Area] in the
City of Chicago, Illinois; (b) the Developer continues to maintain at least FTEs at the
Headquarters; and (c) each of the individuals listed in the chart below is a Full Time Equivalent Employee of the Developer at the Headquarters. Capitalized terms used without definition in this Certificate have the meanings given them in the Agreement

Sincerely yours

Presence Health Network


By, Its:
Full Time Equivalent Employees located at the Headquarters
as of , 20

The Developer certifies that for each individual listed below, work hours total a minimum of 35 hours per weekly pay period of Developer on a regularly scheduled basis

Employee Name (Last, First) Address of Principal Residence Zip Code of Principal Residence Number of months employed at the Headquarters during the year On the payroll for work done at the Headquarters? (Y or N) Work hours total at least 1820 during the year (Y or N) Independent contractor, third-party service provider, consultant, or ancillary services employee? (Y or N) Job title



EXHIBIT E

CONSTRUCTION CONTRACT


[TO BE ATTACHED AT CLOSING]
EXHIBIT F [Reserved]
EXHIBIT G

PERMITTED LIENS

1 Liens or encumbrances against the Developer's leasehold in the Property

Those matters set forth as Schedule B title exceptions in the leasehold title insurance policy issued by the Title Company as of the date hereof, but only so long as applicable title endorsements issued in conjunction therewith on the date hereof, if any, continue to remain in full force and effect.
2. Liens or encumbrances against Developer or the Project, other than liens against the Developers leasehold in the Property, if any:
Liens created by the Master Trust Indenture (including, without limitation, the lien on Pledged Revenues as described therein, and the mortgage lien on the Cancer Center);
Liens arising by reason of good faith deposits by the Developer in connection with tenders, leases of real estate, bids or contracts (other than contracts for the payment of money), deposits by the Developer to secure public or statutory obligations, or to secure, or in lieu of, surety, stay or appeal bonds, and deposits as security for the payment of taxes or assessments or other similar charges; any lien arising by reason of deposits with, or the giving of any form of security to, any governmental agency or any body created or approved by law or governmental regulation for any purpose at any time as required by law or governmental regulation as a condition to the transaction of any business or the exercise of any privilege or license, or to enable the Developer to maintain self-insurance or to participate in any funds established to cover any insurance risks or in connection with workmen's compensation, unemployment insurance, pensions or profit sharing plans or other social security plans or programs, or to share in the privileges or benefits required for corporations participating in such arrangements;
any lien on property acquired subject to an existing Lien, if at the time of such acquisition, the aggregate amount remaining unpaid on the Indebtedness secured thereby (whether or not assumed by the Developer) does not exceed the fair market value or (if such property has been purchased) the lesser ofthe acquisition price or the fair market value of the property subject to such lien,
any Lien on any property of the Developer granted in favor of or securing indebtedness to any other Credit Group Member (as such term is defined in the Master Trust Indenture),
any Lien on property of the Developer, if such Lien equally and ratably secures all of the Obligations, as defined in the Master Trust Indenture, and only the Obligations;
the lease or license of the use of all or a part of any portion of the property of the Developer in connection with the proper and economical use of such property in accordance with customary and prudent business practice;
Liens for taxes and special assessments which are not then delinquent, or if then delinquent are being contested in accordance with the provisions of the Master Trust Indenture;
any mechanic's, laborer's, materialman's, supplier's or vendor's lien or right in respect of the Master Trust Indenture if payment is not yet due under the contract in question or if such lien is being contested in accordance with the provisions of the Master Trust Indenture;

(i) statutory rights under Section 291, Title 42 of the United States Code, as a result of what are commonly known as Hill-Burton grants, and similar rights under other federal statutes or statutes of the state in which the property involved is located,

(j) Liens on or in property of the Developer given, granted, bequeathed or devised by the owner thereof existing at the time of such gift, grant, bequest or devise, provided that (i) such Liens consist solely of restrictions on the use thereof or the income therefrom, or (n) such liens secure Indebtedness which is not assumed by any Credit Group Member and such Liens attach solely to the property (including the income therefrom) which is the subject of such gift, grant, bequest or devise;

(k) Liens of or resulting from any judgment or award, the time for the appeal or petition for rehearing of which shall not have expired, or in respect of which Developer shall at any time in good faith be prosecuting an appeal or proceeding for a review and in respect of which a stay of execution pending such appeal or proceeding for review shall be in existence;

(I) Liens on moneys deposited by patients or others with the Developer as security for or as prepayment of the cost of patient care or any rights of residents of life care, elderly housing or similar facilities to endowment or similar funds deposited by or on behalf of such residents;
(m) Liens on property of the Developer due to rights of third-party payors for recoupment of excess reimbursement paid;
(n) any security interest in a project fund, rebate fund, any depreciation reserve, debt service or interest reserve, debt service fund or any similar fund established pursuant to the terms of any Supplemental Master Indenture, Related Bond Indenture or Related Loan Document in favor of the Master Trustee, a Related Bond Trustee or the holder of the Indebtedness issued pursuant to such Supplemental Master Indenture, Related Bond Indenture or Related Loan Document or the provider of any liquidity or credit support for such Related Bond or Indebtedness (as all such terms are defined in the Master Trust Indenture);
(o) any Lien on any Related Bond or any evidence of Indebtedness of any Credit Group Member acquired by or on behalf of any Credit Group Member by the provider of liquidity or credit support for such Related Bond or Indebtedness.
(p) Liens on accounts receivable arising as a result of the sale, purported sale, pledge, mortgage or other transfer or financing of or involving accounts receivable with or without recourse on commercially reasonable terms; provided, that the aggregate principal amount of Indebtedness secured by any such Lien does not at any time exceed 20% of the total amount of accounts receivable ofthe Credit Group as reflected in the Financial Statements ofthe System (as such term is defined in the Master Trust Indenture); and provided further that the principal amount of Indebtedness secured by any such Lien does not exceed the aggregate sales price of such accounts receivable received by the Credit Group Member selling the same by more than 25%;

(q) Liens on property of the Developer existing at the time the Developer is merged into or consolidated with a Credit Group Member, or at the time of a sale, lease or other disposition of the properties of the Developer as an entirety or substantially as an entirety to a Credit Group Member which becomes part of a property that secures Indebtedness that is assumed by a Credit Group Member as a result of any such merger, consolidation or acquisition; provided, that no such lien may be increased, extended, renewed or modified after such date to apply to any property of a Credit Group Member not subject to such Lien on such date unless such Lien as so increased,

extended, renewed or modified is otherwise permitted under the Master Trust Indenture;
(r) Liens which secure Non-Recourse Indebtedness (as such term is defined in the Master Trust Indenture),
(s) Liens arising out of Capitalized Leases (as such term is defined in the Master Trust Indenture),

(t) Liens in favor of banking or other depository institutions arising as a matter of law encumbering the deposits of the Developer held in the ordinary course of business by such banking institution (including any right of setoff or statutory bankers' liens) so long as such deposit account is not established or maintained for the purpose of providing such lien, right of setoff or bankers' lien;

(u) any lien on property of the Developer that may be required from time to time to satisfy any collateralization requirements relating to any Interest Rate Agreement (as such term is defined in the Master Trust Indenture);

(v) Uniform Commercial Code financing statements filed with the Secretary of State of the State of Illinois (or such other office maintaining such records) in connection with an operating lease entered into by the Developer in the ordinary course of business;

(w) rights of tenants under leases or rental agreements pertaining to property owned by the Developer so long as the lease arrangement is in the ordinary course of business of the Developer;

(x) deposits of property by the Developer to meet regulatory requirements for a governmental workers' compensation, unemployment insurance or social security program, other than any lien imposed by ERISA;
(y) Liens on any property of the Developer to secure any Indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of constructing or improving the property subject to such hens, provided, that such hens shall not apply to any property theretofore owned by the Developer, other than any theretofore unimproved real property on which the property so constructed or improved is located, and

(z) Liens on property of the Developer, in addition to those hens permitted as defined above in this definition of Permitted Encumbrances, if the total aggregate Book Value (as such term is defined in the Master Trust Indenture) of the property subject to a hen of the type described in this subsection (z) does not exceed 15% of the Book Value of all property of the System.
As used in this Exhibit G, references to Developer includes any affiliate of Developer that owns or operates any of the Projects.
EXHIBIT H-1
PROJECT BUDGET SOURCES AMOUNT
Equity $28,726,864
USES
Headquarters Project Hard Costs
Interior Demolition $98,748
Interior Stair Construction $175,000
Interior Partitions, Finishes,
Specialties $2,221,417
Roof Deck Construction $585,000
Mechanical (plumbing, VAC, fire, special
systems) $854,656
Electrical $1,039,452
General Conditions & profit $658,391
Design Contingency $931,294
Construction Contingency $328,198
Total Hard Costs: $6,892,156
Soft Costs
Architect and Engineer $378,660
LEED Certification $435,957
AN Certification $43,596
Material Testing $12,456
Permits 562,280
Legal (lease) 531 140
Insurance 524 912
Other Professional Fees (TIF legal and
consulting) 5585 750
Total Soft Costs 51.574.751

Furniture, Fixtures & Equipment $3,783 500
Job Training $184,000
Relocation $325,000
Owner Contingency $601,636

Total Headquarters Cost: $13,361,043
1 J
PSMEMC Cancer Center & Specialty Care
Cost Breakdown
Construction $6,698,636 Permit $14,081 Architect and Engineer $612,500 Furniture, Fixtures & Equipment $4,569,673

Total Cancer Center Cost:
Avondale Medical Home Cost Breakdown
Construction $819,542
Permit $2,440
Architect and Engineer $71,302
Furniture, Fixtures & Equipment $81,410

Total Avondale Medical Home Cost: $974,694
Belmont-Cragin Medical Home Cost Breakdown
Construction $1,040,429
Permit $2,478
Architect and Engineer $69,143
Furniture, Fixtures & Equipment $284,187

Total Belmont-Cragin Medical
Home Cost: $1,396,237

Calumet Heights Medical Home 1,100,000

Total Anticipated Medical Home Cost:







Total MBE Total at 26% Total WBE Total at 6%
EXHIBIT H-2 MBE/WBE BUDGET


$1,890,412 $ 436,249
EXHIBIT I [INTENTIONALLY OMITTED]
EXHIBIT J

OPINION OF DEVELOPER'S COUNSEL

City of Chicago
121 North LaSalle Street
Chicago, IL 60602
Attention Corporation Counsel

Re: Presence Health Network Redevelopment Agreement

Ladies and Gentlemen:

We have acted as counsel to Presence Health Network, an Illinois not for profit corporation (the "Developer"), in connection with the lease of certain land and the construction of certain facilities thereon located in LaSalle Central Redevelopment Project Area (the "Project").
We have examined, among other things, the following agreements, instruments and documents of even date herewith: (i) Presence Health Network Redevelopment Agreement (the "Agreement") of even date herewith, executed by Developer and the City of Chicago (the "City") and (ii) [insert other documents including but not limited to documents related to leasing and financing of the Property and all lender financing related to the Project] (collectively, the "Documents").
We have also examined the originals or copies, certified or otherwise identified to our satisfaction, of such records of the Developer, corporate resolutions, certificates of officers and representatives of the Developer, and such other documents, and we have made such legal and factual investigations and inquiries, as we have deemed necessary or advisable for the purpose of rendering this opinion.
This opinion is rendered pursuant to Section 5.09 of the Agreement Capitalized terms not otherwise defined herein have the same meanings as in the Agreement
In rendering this opinion as to questions of fact material to this opinion, we have relied to the extent we have deemed such reliance appropriate without investigation on certificates and other communications from public officials and from officers of the Developer and on representations of the Developer set forth in the Documents.
Wherever we indicate that our opinion, with respect to the existence or absence of facts, is based on our knowledge, our opinion is based solely on the actual knowledge of the attorneys in this firm who are representing the Developer in connection with the Agreement, and other attorneys in this firm who have represented the Developer on other matters. In each case in which we indicate that our knowledge is based upon "due inquiry," the basis for our opinion is limited solely to (i) the actual knowledge of attorneys in this firm as described in the preceding sentence; (ii) discussions, inquiries and conferences occurring in connection with our representation of the Developer in connection with the Agreement, and (iii) reviews of the Documents, certain corporate records, documents and proceedings of or involving the Developer furnished to us in connection with the Agreement, and shall not imply any independent verification of any factual matter of which we became aware as a result of such discussions, inquiries, conferences and reviews.
We have assumed that the documents we have reviewed in connection with this opinion which purport to have been executed by the City have been duly executed and delivered by the City and that the City has all requisite power to enter into and perform all obligations thereunder

and is a home rule unit of government under Section 6(a), Article VII of the 1970 Constitution ofthe State of Illinois, that execution and delivery thereof has been duly authorized by all requisite action and that the documents are valid and binding upon the City
We have assumed the authenticity of all documents submitted to us as originals, the genuineness of all signatures thereon (other than those of the Developer), the legal capacity of natural persons executing such documents and the conformity to originals of all documents submitted to us as copies.
We are qualified to practice law in the State of Illinois and we do not purport to be experts in and do not express any opinion herein concerning any law other than the laws of the State of Illinois and the United States of America. Accordingly, we express no opinion as to the laws of any jurisdiction other than the State of Illinois or the United States of America.
We express no opinion herein concerning any statutes, ordinances, administrative decisions, rules or regulations of any county, town, municipality or special political subdivision (whether created or enabled through legislative action at the federal, state or regional level).
This opinion is limited to the extent that (i) the performance and enforceability of any agreement by or against any party may be subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting generally the enforcement of creditors' rights; (ii) general equitable principles may limit the availability of equitable remedies, including, but not limited to, the remedy of specific performance; (iii) such enforceability may be limited by the effect of limitations on the enforceability of agreements to indemnify, defend, or hold harmless when the event giving rise to the obligations thereunder is caused in whole or in part by certain actions or negligence of the indemnitee thereunder or agreements to indemnify, defend, or hold harmless that are prohibited by applicable law or contrary to public policy; (iv) a court may refrain from enforcing any provisions of such documents regarding the remedies available to any party (a) to take discretionary action which is arbitrary, unreasonable, or capricious, or is not taken in good faith or in a commercially reasonable manner, whether or not such action is permitted under said agreements, or (b) for violations or breaches which are non-material or without substantial adverse effect upon the ability of the obligor to perform its material obligations thereunder (v) the unenforceability under certain circumstances of provisions to the effect that rights or remedies are not inclusive, that every right or remedy is cumulative and may be exercised in addition to or with any other right or remedy, that election of a particular remedy or remedies does not preclude recourse to one or more other remedies or that failure to exercise or delay in exercising rights or remedies will not operate as a waiver of any such rights or remedies;, and (vi) the unenforceability in certain circumstances of provisions imposing penalties or forfeiture, including without limitation any provisions in the documents that permit the lending parties to increase the rate of interest or to collect a late charge or prepayment penalty in the event of delinquency or default.

The opinions expressed below are subject to limitations on the enforceability under certain circumstances, under state or federal law or court decisions, of provisions: (a) expressly or by implication waiving broadly or vaguely stated rights, unknown future rights, defenses to obligations or rights granted or implied by law, where such waivers are against public policy or prohibited by law; (b) which waive (i) statutory provisions with respect to notice or cure, (ii) statutes of limitations, (iii) rights to trial by jury or (iv) rights of setoff or recoupment or rights to terminate an agreement; (c) to the effect that waivers, modifications or amendments must be in writing in order to be effective; (d) respecting self-help or summary remedies without notice or opportunity for hearing or correction; and (e) to the effect that the invalidity or limits on the enforceability of certain provisions, deemed as such under state or federal law or court decisions, shall not impair the validity or enforceability of remaining provisions.

Based upon the foregoing, and in reliance upon the items previously referred to, and subject to the exceptions, limitations, qualifications and assumptions stated herein, we are ofthe opinion that.
1 The Developer is a not for profit corporation, duly organized, existing and in good standing under the laws of the State of Illinois (the "State"). The Developer has all necessary corporate power and authority to conduct the business now conducted by it
The Developer is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), and is exempt from federal income taxes under Section 501(a) of the Code, other than taxation of unrelated business income subject to taxation under Section 511 of the Code, and is not a "private foundation" as defined in Section 509(a) of the Code (a "Tax-Exempt Organization"). The Developer is an organization described in Section 3(a)(4) of the Securities Act of 1933, as amended, and Section 12(g)(2)(D) ofthe Securities Exchange Act of 1934, as amended.
The Developer has the requisite corporate power and authority: (a) to own and operate its properties and assets; (b) to conduct and carry on its business as presently conducted; and (c) to enter into, execute, deliver and perform the terms ofthe Documents and to incur and perform the Developer's obligations provided for therein.
The Documents and the execution, delivery and performance of the same have been duly authorized by all necessary corporate action by, for or on behalf of the Developer. Assuming, but rendering no opinion as to, the due authorization, execution and delivery of such documents by the other parties thereto, such documents constitute legal, valid and binding obligations ofthe Developer, enforceable in accordance with their respective terms, subject, as to enforcement of any indemnification provisions that may be limited by any public policy and/or federal and state securities laws.
5 The execution, delivery and performance by the Developer of the Documents, and compliance with the provisions thereof by the parties thereto under the circumstances contemplated thereby, do not and will not constitute a violation of conflict with or a breach of any of the provisions, terms or conditions of or default under the Articles of Incorporation, as amended, or bylaws, as amended, of the Developer, any resolution adopted by the Developer with respect to the Agreement, or any material and existing law, regulation, court order or.consent decree to which the Developer is subject, any material written agreement, indenture or instrument pursuant to which the Developer is a party or by which the Developer is bound To the best of our knowledge after due inquiry, such execution, delivery and performance by the Developer will not constitute grounds for acceleration of the maturity of any material written agreement, indenture or instrument to which the Developer is a party or by which it or any of its property is bound, or result in the creation or imposition (or the obligation to create or impose) any lien, charge or encumbrance on, or security interest in, any of its property pursuant to the provisions of the foregoing, other than liens or security interests in favor of the lender providing Lender Financing (as defined in the Agreement).
The execution, delivery and performance by the Developer of the Documents, and the other agreements contemplated therein are not subject to any authorization, consent, approval or review of or by any governmental body or regulatory authority not heretofore obtained or effected.
A federal or state court sitting in the State of Illinois and applying the choice of law provisions of the State of Illinois would enforce the choice of law contained in the Documents and apply the law of the State of Illinois to the transactions evidenced thereby.

8. To our knowledge the Developer has all material and necessary licenses, approvals and permits currently required under federal and state law to own and operate its properties and business

Based upon a review of our litigation docket and an officer s certificate, to our knowledge, there is no action, suit, litigation, proceeding or investigation at law or in equity before or by any judicial or administrative court, public board or body, pending or threatened against or affecting the Developer, which would (a) contest the due organization, corporate existence, corporate powers or tax-exempt status of the Developer, (b) contest or affect the validity, execution or enforceability in accordance with their respective terms of the Documents, (c) limit, enjoin or prevent the Developer from operating its business as it is presently being operated or (d) restrain, enjoin or restrict the execution, issuance, delivery or enforceability, in accordance with their respective terms ofthe Documents.
This opinion is given as of the date hereof, and we assume no obligation to advise you of changes that may hereafter be brought to our attention. This opinion may be relied upon only by the addressees hereof and by other persons to whom prior written permission to rely hereon is granted by us.

Respectfully submitted,
OFFICER'S CERTIFICATE TO LEGAL OPINION
CERTIFICATE OF THE PRESIDENT, VICE PRESIDENT & GENERAL COUNSEL AND ASSISTANT SECRETARY OF THE DEVELOPER


City of Chicago
Chicago, Illinois Chicago, Illinois


1. This Certificate is delivered to you in relation to that certain Presence Health
Network Redevelopment Agreement dated , 2017 (the "Agreement), between
Presence Health Network (the "Developer") and the City of Chicago (the "City") Reference is made to the Agreement for the definition of certain terms used herein.

2. The undersigned do hereby certify that:
They are the,duly elected, appointed, qualified and acting President, Vice President & General Counsel and Assistant Secretary, respectively, of the Developer, a not for profit corporation duly organized and existing and in good standing under the laws ofthe State of Illinois, and that as such officers they are familiar with the Developer's affairs and records, and
that , as of the Developer, has custody of the corporate records of
the Developer.
The Developer is duly organized, validly existing and in good standing under the laws of the State of Illinois and has the necessary power and authority to execute, deliver and perform its obligations, and to conduct its business, under the Agreement.
Except as otherwise disclosed in writing, no litigation, action, suit, proceeding inquiry or investigation, at law or in equity, before or by any court, any governmental agency, authority, arbitrator or any public board or body is pending or. to the best of the knowledge of the Developer, is threatened (a) in any way contesting, questioning, limiting, restraining, enjoining, restricting or otherwise adversely affecting the issuance, execution, validity, performance or enforceability of the Agreement or any related agreement or instrument to which the Developer is a party or by which the Developer is bound and which, is used or contemplated for use in consummation of the transactions contemplated thereby or the resolutions adopted by the Board of Directors of the Developer or any committee thereof approving and authorizing the transactions described therein, or (b) in any way limiting, enjoining or preventing the Developer from operating or making payments under the Agreement, or (c) in any way seeking to restrain or enjoin the execution or delivery of the Agreement, or (d) in anyway contesting, questioning or affecting the due organization, corporate existence or corporate powers ofthe Developer, or (e) in which adverse judgments, in the aggregate, would have a material adverse effect on the operations or financial condition of the Developer; nor is there, to the best of the knowledge of the Developer, any probable basis for any of the above There is no pending or, to the best of the knowledge ofthe Developer, threatened action, suit, proceeding, inquiry or investigation at law or in equity, or by or before any court, governmental agency, arbitrator, public board or body, involving the Developer, nor to the best of the knowledge of the Developer is there any probable basis therefor, except actions, suits, proceedings, inquiries or investigations in which the probable recoveries and estimated costs and expenses of defense thereof will be entirely

within the Developer's applicable insurance policy limits or in which adverse judgments, in the aggregate, would not have a material adverse effect on the operations or financial condition of the Developer

To the best of our knowledge after diligent inquiry, there is no default by the Developer or any other party under any material contract, lease, agreement, instrument or commitment to which the Developer is a party or by which the company or its properties is bound

To the best of our knowledge after diligent inquiry, all ofthe assets of the Developer are free and clear of mortgages, liens, pledges, security interests and encumbrances except for those specifically set forth in the Agreement
To the best of our knowledge after diligence inquiry, the Developer owns or possesses or is licensed or otherwise has the right to use all licenses, permits and other governmental approvals and authorizations, certificates and other rights that are necessary for the operation of its business.
EXHIBIT K [INTENTIONALLY OMITTED]
EXHIBIT L REQUISITION FORM

STATE OF ILLINOIS )
) SS
COUNTY OF COOK )

The affiant, , of , a
(the "Developer"), hereby certifies that with respect to that
certain Redevelopment Agreement between Developer and the City of
Chicago dated , (the "Agreement"):
Expenditures for the Project, in the total amount of $ , have been
made:
This paragraph B sets forth and is a true and complete statement of all costs of TIF-Funded Improvements for the Project reimbursed by the City to date:

$
Developer requests reimbursement for the following cost of TIF-Funded Improvements:

$
None of the costs referenced in paragraph C above have been previously reimbursed by the City.

E Developer hereby certifies to the City that, as of the date hereof
Except as described in the attached certificate, the representations and warranties contained in the Agreement are true and correct and Developer is in compliance with all applicable covenants contained herein
No Event of Default or condition or event which, with the giving of notice or passage of time or both, would constitute an Event of Default, exists or has occurred

3. The Developer is operating the Headquarters for the same use as described in the Developer's TIF application and/or the Redevelopment Agreement.

4 The financial statements for the Developer's most recently-concluded fiscal year are attached to this Requisition Form or have previously been provided to the City.
Attached hereto is a copy of the most recently available report (or final approval with respect to the Final Installment only) of the Monitoring and Compliance Division of the Department of Planning and Development with respect to MBEAA/BE, City Resident hiring and prevailing wage matters.
Attached hereto is a copy of the inspecting architect's confirmation of construction completion, or percentage of completion, as applicable

7 Attached hereto is documentation establishing full payment of the last installment of real estate taxes due prior to the date hereof, if applicable.

All capitalized terms which are not defined herein has the meanings given such terms in the Agreement.



[Developer]


By:
Name
Title:

Subscribed and sworn before me this day of




My commission expires:


Agreed and accepted:


Name
Title
City of Chicago
Department of Planning and Development
EXHIBIT M

FORM OF SUBORDINATION AGREEMENT






This document prepared by and after recording return to:
, Esq.
City of Chicago
Department of Law
121 North LaSalle Street, Room 600
Chicago, IL 60602


SUBORDINATION AGREEMENT

This Subordination Agreement ("Agreement") is made and entered into as of the
day of , between the City of Chicago by and through its Department of Planning and
Development (the "City"), [Name Lender], a [national banking association] (the "Lender").


WITNESSETH:
WHEREAS, the__ an Illinois
not-for-profit corporation (the "Developer"), has leased certain property located within the
Redevelopment Project Area at , Chicago, Illinois 606 and legally
described on Exhibit A hereto (the "Property"), in order to redevelop the facility (the "Facility") located on the Property (the redevelopment of the Facility and the Property as described above and the related Public Improvements are collectively referred to herein as the "Project"), and

WHEREAS, the [financing and security documents] as part of obtaining financing for
the Project, the Developer (the "Borrower"), and (the "Lender") have entered into a
certain dated as of with the Lender pursuant to which the Lender has
agreed to make a loan to the Borrower in an amount not to exceed $ (the "Loan"), which
Loan is evidenced by a Mortgage Note and executed by the Borrower in favor of the Lender (the "Note"), and the repayment of the Loan is secured by, among other things, certain liens and encumbrances on the Property and other property of the Borrower pursuant to the following: (i)
(all such agreements referred to above and otherwise relating to the Loan
referred to herein collectively as the "Loan Documents");
WHEREAS, Developer desires to enter into a certain Redevelopment Agreement dated the date hereof with the City in order to obtain additional financing for the Project (the "Redevelopment Agreement," referred to herein along with various other agreements and documents related thereto as the "City Agreements");
WHEREAS, pursuant to the Redevelopment Agreement, Developer will agree to be bound by certain covenants expressly running with the Property, as set forth in Sections 8.02, 8 06 and 8.19 ofthe Redevelopment Agreement (the "City Encumbrances"),

WHEREAS, the City has agreed to enter into the Redevelopment Agreement with Developer as of the date hereof, subject, among other things, to (a) the execution by Developer of the Redevelopment Agreement and the recording thereof as an encumbrance against the Property, and (b) the agreement by the Lender to subordinate their respective liens under the Loan Documents to the City Encumbrances; and

NOW, THEREFORE, for good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the Lender and the City agree as hereinafter set forth:

1. Subordination. All rights, interests and claims of the Lender in the Property
pursuant to the Loan Documents are and shall be subject and subordinate to the City
Encumbrances. In all other respects, the Redevelopment Agreement shall be subject and
subordinate to the Loan Documents. Nothing herein, however, shall be deemed to limit the Lender's
right to receive, and Developer's ability to make, payments and prepayments of principal and interest
on the Note, or to exercise its rights pursuant to the Loan Documents except as provided herein.
Notice of Default. The Lender shall use reasonable efforts to give to the City, and the City shall use reasonable efforts to give to the Lender, (a) copies of any notices of default which it may give to Developer with respect to the Project pursuant to the Loan Documents or the City Agreements, respectively, and (b) copies of waivers, if any, of Developer's default in connection therewith. Under no circumstances shall Developer or any third party be entitled to rely upon the agreement provided for herein.
Waivers. No waiver shall be deemed to be made by the City or the Lender of any of their respective rights hereunder, unless the same shall be in writing, and each waiver, if any, shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the City or the Lender in any other respect at any other time.

Governing' Law. Binding Effect This Agreement shall be interpreted and the rights and liabilities of the parties hereto determined, in accordance with the internal laws and decisions of the State of Illinois, without regard to its conflict of laws principles, and shall be binding upon and inure to the benefit of the respective successors and assigns of the City and the l ender
Section Titles, Plurals. The section titles contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. The singular form of any word used in this Agreement shall include the plural form.

6. Notices. Any notice required hereunder shall be in writing and addressed to the party to be notified as follows:

If to the City

City of Chicago
Department of Planning and Development 121 North LaSalle Street, Room 1000 Chicago, Illinois 60602 Attention: Commissioner
With Copies To:

City of Chicago
Department of Law
121 North LaSalle Street, Room 600
Chicago, Illinois 60602
Attention Finance and Economic Development Division

or to such other address as either party may designate for itself by notice. Notice shall be deemed to have been duly given (i) if delivered personally or otherwise actually received, (ii) if sent by overnight delivery service, (iii) if mailed by first class United States mail, postage prepaid, registered or certified, with return receipt requested, or (iv) if sent by facsimile with facsimile confirmation of receipt (with duplicate notice sent by United States mail as provided above). Notice mailed as provided in clause (iii) above shall be effective upon the expiration of three (3) business days after its deposit in the United States mail. Notice given in any other manner described in this paragraph shall be effective upon receipt by the addressee thereof; provided, however, that if any notice is tendered to an addressee and delivery thereof is refused by such addressee, such notice shall be effective upon such tender.
7. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original and all of which, when taken together, shall constitute one instrument.
IN WITNESS WHEREOF, this Subordination Agreement has been signed as of the date first written above
[LENDER], [a national banking association] By:
Its:
CITY OF CHICAGO By:
lts:Commissioner,
Department of Planning and Development


ACKNOWLEDGED AND AGREED TO THIS
DAY OF ,

Presence Health Network, an Illinois not-for-profit corporation


By Its




Exhibit to Subordination Agreement - Legal Description
STATE OF ILLINOIS )
) SS
COUNTY OF COOK )


I, the undersigned, a notary public in and for the County and State aforesaid, DO HEREBY
CERTIFY THAT , personally known to me to be the Commissioner of the
Department of Planning and Development of the City of Chicago, Illinois (the ACity") and personally known to me to be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person and acknowledged that as such Commissioner,
(s)he signed and delivered the said instrument pursuant to authority, as his/her free and voluntary act, and as the free and voluntary act and deed of said City, for the uses and purposes therein set forth.

GIVEN under my hand and notarial seal this day of , 20 .



Notary Public

My Commission Expires
(SEAL)
STATE OF ILLINOIS COUNTY OF COOK



)
) SS
)

I, , a notary public in and for the said County, in the State
aforesaid, DO HEREBY CERTIFY THAT , personally known to me to be the
of [Lender], a , and personally known to me to
be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he/she signed, sealed and delivered said instrument, pursuant to the authority given to him/her by Lender, as. his/her free and voluntary act and as the free and voluntary act of the Lender, for the uses and purposes therein set forth.

GIVEN under my hand and notarial seal this day of , 20 .




Notary Public

My Commission Expires

(SEAL)
EXHIBIT N FORM OF PAYMENT BOND

[TO BE ATTACHED AT CLOSING]
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
December 13,2017










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Commissioner of Planning and Development, I transmit herewith an ordinance authorizing the execution of a redevelopment agreement for Presence Health.

Your favorable consideration of this ordinance will be appreciated.

Mayor


Very truly yours,



CHICAGO January 17,2018

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

An ordinance authorizing the Commissioner of the Department of Planning and Development to enter into and execute a Redevelopment Agreement with Presence Health Network.

02017-8599








Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith.

This recommendation was concurred in by if role call vote j (a viva voce vote) of members of the committee with 13 yes vofes-and-T-'Tllssenting vote(s).

Alderman Burke abstained from voting; under the provisions of Rule 14.





Respectfully submitted
Chairman
Mayoral Signature Rcqucit - Friday, January 26, 101S