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pursuant to this Agreement, together with an accounting reasonable under the circumstances for <br />such possible payment request. <br /> <br /> 2.5 Restrictions on alienation of the Project site. Subject to, and other than, any <br />security interest that may be granted by the IDA in connection with securing financing or <br />refinancing for the Project, the IDA shall not grant or convey the Project site, or any portion of it, <br />without the prior written approval of the City. <br /> <br /> ARTICLE III <br /> <br /> OBLIGATIONS OF THE CITY <br /> <br /> 3.1 Providing the Proiect site. The City will convey at no charge to the IDA the land <br />which will comprise the site for the Project. That land is more particularly described in Schedule <br />B, attached hereto. <br /> <br /> 3.2 Financial assistance. Subject to appropriation, the City will provide in a timely <br />manner such financial assistance as may be needed by the IDA to finance and to construct the <br />Project. It may include, without limitation, direct appropriations as grants or loans and also <br />moral obligation backing of taxable debt issued by the IDA to finance the Project. The IDA shall <br />have no obligation to repay any grant made to it by the City under Article II of this Cooperation <br />Agreement. <br /> <br /> 3.3 No Debt of City. The obligations of the City hereunder shall not be deemed to <br />constitute a debt or pledge of the faith and credit of the City but shall be subject annually to <br />appropriation by the City Council. The City Manager shall provide in his budget presentation <br />each year for consideration of City Council the amounts, if any, anticipated to meet the City's <br />obligations under this instrument for such year. <br /> <br /> ARTICLE IV <br /> <br /> GENERAL PROVISIONS <br /> <br />4.1 Notices. <br /> <br /> (a) Unless otherwise provided in this Cooperation Agreement, all notices, <br />demands or requests from one party to another may be personally delivered or sent by mail, <br />certified or registered, return receipt requested, postage prepaid to the addresses below, and shall <br />be deemed to have been given at the time of personal delivery or at the time of receipt. <br /> <br /> (b) All notices, demands or requests from City to IDA <br />shall be given to: <br /> <br /> <br />DRAFT December 31, 1999 3 <br /> <br /> <br />