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_... _ _ . <br />ARTiCLE IV <br />Consfruction of Minimum Improve�nents; Pe�blie lmprovements <br />Section 4.] . Constructian of Ira�provements. The DeveEoper agrees that it wil] construct or cause <br />to be cans�ructed the Mini�num lmpravements on the Development Property in accordance with the <br />approved Construction Plans and xt all times prior to the Maturity Date, will aperate and maintain, <br />preserr�e and keep t�te Minimum Improvements or cause such irr�provements to be maintained, preserved <br />and kept with the appurtenances and every part and parcel ihereof, in good repair and candition. The City <br />shall have no obligation to operate or maintaiz� the Minimum lrnprovements. <br />Section 42. Construction AIans. {a} Before com�encement of construction of the Minimum <br />Improverr�ents, the Developer sha]I submit to the City Construction Plans. T�e Construction Plans sha]I <br />provide for the eonstruction of the Mini�num Impro�ernents and shali be in canfornaity witla �he <br />DeveIoprnent Plan, this Agreeme�t, the Land Develop�r�ent Agree�nent, and all appticabie State azad local <br />laws and regulations. TI�e City Representative will approve the Construction Alans in writing if {i) the <br />Constr€�ction Alans conform to the terrns and canditions of il�is Agreernent and the Land Development <br />Agreetnent; {ii) the Construction Plans conform to the goals and objectives of the Development Flan; (iii} <br />the Constr�actior� Plans conform to al] applicable federai, state and ]acaE laws, ordinar�ces, rules ane3 <br />regutations; (iv) tlie Canstruction Plans are adequate to provide for eanstruction of the Minimu�n <br />Improvements; (v} the Canstruction Plans da not provide for expentlitures in excess of the funds available <br />to the Developer from all saurces {including Developer`s eq�ity} for construetion of the Minim�rr� <br />Impravernents; ancf {vi} no E�ent oi Deiault has Qccurred. Ap�rova] may be based �pon a revfew by the <br />City's Building Officiai of the Construction Plans. No approval by the City Repr�sentative shall relieve <br />Yhe Develaper of the obligation to comply with the terms of this Agreerr►ent or af #he Development Plan, <br />appIicable federal, state and local Iaws, ordinances, rules and re�u[ations, ar to construct the Minime�m <br />Improveznents in accordance therewith. No approva] by the City Representat�ve shall constitute a waiver <br />of an Event of Default. If approvaI of the Construction Plans is requested by the Developer in writing at <br />the time of submission, such Canstr�tetion Plans sl�all be deemed approved untess rejectec3 i�i writing by <br />the City Representative, in whole or in part. Such rejections sha3t set forth in detaiI the reasons therefore, <br />and shall be made within ten business (10) days after the date of their receipt by the City. If the City <br />Representative relects any Construction Plans in whole or in part, the Developer shall subr�it new or <br />corrected Construction Alans within l0 business days afier written notificatio� to the Develaper of the <br />rejection. The provisions of this Sectian relating to approvat. rejection and resubmission of corrected <br />Canstruction Plans sha11 conEin�e #o appIy un#il tl�e Construction Pla��s ha�e been approved by the City. <br />The City Representative's approval shall not be unreasonably withheld, delayed ar conditioned. Said <br />approval shall constitute a cortclusive detern-►ination tl�at t�e Construction Pians (and the Mi�timur�-� <br />Irr�pro�ements constructed in accordance with said plans) compty to the City's satisfaction with the <br />provisia�s of this Agreement relating thereto. <br />(b} If the Developer cfesires to make any material change i�i #he Construction Plans after their <br />approvai by the City, the Developer shat] submit the proposed change to the City far its approval. If the <br />Construction A�ans, as modified by the proposed change, cor►fon� Yo the requirements of this Section 42 <br />of this Agreement with respect to such previously approved Construction Pians, the City shall approve the <br />proposed change and natify the Developer in writing of its approval. Snch change in the Constructian <br />Pians shall, in any event, be deeined approved by the City unless rejected, in whoIe or in part, by written <br />notice hy the City to the Developer, setting farth in detaif the reasans therefor. Such rejectio�► shalt be <br />rnade within ten business (10} days after receip# o�the notiee of such change. The City's approvai of ar�y <br />s�ch change in the Construc#ion Pla}3s will nat be unreasonably withheld. <br />378990v10 S.B AR20D-10 I3 <br />