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8A, Presbyterian Homes TIF
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12-20-10 Special City Counicl Meeting
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ARTICLE N <br />Construction of Minimum Im rovements• Public Im rovements <br />Section 4.1. Construction o�Tm rovements_ The Developer agrees that it will eonstruct ar cause <br />ta be constructed the Minimum Improvements on the Development Property in accordance with the <br />approved Construction Plans and at ali times prior ta the Maturity Date, wilI operate and maintain, <br />preserve and keep the Minimurn Tmprovements or cause such improvements to be maintained, preserved <br />and kept with the appurtenances and every part and parcel thereof, in good repair and condition. T7ae City <br />shall have no obligation #o operate or rrtaintain the Minimum Impro�ements. <br />Section 4.2. Construction Plans_ {a) Before commencement of constructian oi the Minimum <br />Irnproverrzents, the Developer shail subrr�it to the City Construction Plans. The Construction Plans shali <br />pro�ide for the construction of the Minimurt-� improvements and shall be i� conformity with the <br />Develapment Plan, ihis Agreement, the Land Development Agreement, and alI app]icable State and local <br />laws and regulations. The City Representati�e will approve the Construction Plans rn writing if: (i) the <br />Construction Plans ca�form to the terms and conditions of this Agreement and the Land Development <br />A�reement; (ii) the Construction Pl.ans conform to the goals and oblectives of the DeveIopment Plan; {iii) <br />t�e Construction Plans conform to all applicable �edera�, sta#e and IacaI laws, ordinances, rules and <br />reg�lations; (iv) the Construction Plans are adequate ta provide for construction of #he Minimum <br />Improver�ents; (v} the Cons�ructian Plans do not provi�e for expenditures in excess of the funds available <br />to the Developer from all sources {including Developer's equity) far cor�struction of the Minimum <br />]mprovements; and (�i) no Event of Default has occurred. Approval rnay be based upon a re�iew by the <br />City's Building Official oithe Construction Plans. No approval by the City REpresenta#ive shall relie�e <br />the Developer of the ohligation to comply with the terms of this Agreement or of ihe Development Plan, <br />applicable federal, state and locaI laws, ordinances, r�les ancf regulations, ar ta construct the Mi�in-ium <br />]�nprovements i� accordance iherewitkt. No approval by the City Representaiive shal� constit�te a waiver <br />of an Event of Default. If approval of t�ie Construc#ion Plar�s is requested by the De�e3oper in writing at <br />tl�e tirr�e of subrr►ission, sueh Constructian Plans shaIl be deemed ap�roved unless rejected in writing by <br />the City Representative, in whole ar in part. Such rejections shall set farth in detail the reasons therefore. <br />and shall be made within ten business (IO) days after the date of their receipt by the City. If the City <br />Representative rejects a�ty Co2�struction Plans in whole or in part, the De�eloper shall subrnit �ew or <br />correcter� Construction Pla�s wiihin � 0 business days after written notification to #he Developer of the <br />rejection. The provisions of this Section relating to a�prova�, rejection and resubmissian of corrected <br />Construction Plans shal� continue to apply until the Constr�.�ction Plans have been approvet� by the City. <br />7'he City Representative`s appravaI sha]I not be tanreasonabty withheld; detayed or conditioned. Said <br />approvai shall constitute a concIusive determinatton that tl�e Constructian Fians {and the Minim�m <br />lmprovernents construeted an accordance witi� said plans) cornply to the City's satisfaction with the <br />provisions of this Agreement re�ating thereto. <br />(b} If the De�eloper desires to make any material change in the Construction Plans after their <br />approval by the City, the Developer shall submit ti�e proposed c�ange to the Ci�y for its approval. if the <br />Constr�ction Plans, as modified by the proposed change, confarm to ihe req�irerrtents of this Sectio� 4.2 <br />of this Agreeme�t with respect to such previously approved Construction Plans, the City shal] approve the <br />proposed change and notify the Devetoper in writing of its approvat. Such change in the Consiruction <br />Pians shall, in any event, be deemed approved by the City unless rejected, in whole ar in part, by written <br />notice by the City to ihe Deve�oper, settir�g forth in detail the reasons therefor. Such rejection shaIl be <br />made within ten business (10) days after receipt af the �latice of such chan�e. The C�ty's approvaI of any <br />such change in the Construction Plans will ��ot be unreasonably withheld. <br />I3 <br />
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