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<br />Assessment. In addition, the Loan Service Fee and all of the associated interest are deducted from the
<br />first two payments.
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<br />(19) "Stonnwater System" shall mean all devices and facilities owned by the Local Government
<br />for collection, transmission, detention, retention, treatment, and management of stormwater.
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<br />1.02. CORRELATIVE WORDS.
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<br />Words of the masculine gender shall be understood to include correlative words of the feminine
<br />and neuter genders. Unless the context shall otherwise indicate, the singular shall include the plural and
<br />the word "person" shall include corporations and associations, including public bodies, as well as natural
<br />persons.
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<br />ARTICLE II - WARRANTIES, REPRESENT A nONS AND COVENANTS
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<br />2.01. WARRANTIES, REPRESENT A nONS AND COVENANTS.
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<br />The Local Government warrants, represents and covenants that:
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<br />(1) The Local Government has full power and authority to enter into this Agreement and to
<br />comply with the provisions hereof.
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<br />(2) The Local Government currently is not the subject of bankruptcy, insolvency, or
<br />reorganization proceedings and is not in default of, or otherwise subject to, any agreement or any law,
<br />administrative regulation, judgment, decree, note, resolution, charter or ordinance which would currently
<br />restrain or enjoin it from entering into, or complying with, this Agreement.
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<br />(3) There is no material action, suit, proceeding, inquiry or investigation, at law or in equity,
<br />before any cou!t<er public body, pending or, to the best of the Local Government's knowledge,
<br />threatened, which seeks to restrain or enjoin the Local Government from entering into or complying with
<br />this Agreement.
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<br />(4) The Local Government knows of no reason why any future required permits or approvals
<br />associated with the Project are not obtainable.
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<br />(5) The Local Government shall undertake Preconstruction Activities and the Project on its own
<br />responsibility, to the e~lent permitted by law.
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<br />, (6) To the extent permitted by law, the Local Government shall release and hold harmless the
<br />State, its officers, members, and employees from any claim arising in connection with the Local
<br />Government's actions or omissions in its planning, engineering, administrative, and construction
<br />activities financed by this Loan or in its operation of Project facilities.
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<br />(7) All Local Government representations to the Department, pursuant to the Loan Application
<br />and Agreement, were true and accurate as of the date such representations were made. The financial
<br />information delivered by the Local Government to the Department was current and correct as of the date
<br />such information was delivered. The Local Government shall comply with Chapter 62-504, Florida
<br />Administrative Code, or succeeding rules, and all applicable State and Federal laws, rules, and
<br />regulations which are identified in the Loan Application or Agreement. (Chapter 62-503 is expected to
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