My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
11-14-16-R
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2010-2019
>
2016
>
11-14-16-R
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/10/2016 3:18:19 PM
Creation date
11/10/2016 3:16:19 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
64
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
8 <br />189822v4 <br />Agreement, at the option of the City, shall be placed of record so as to give notice thereto to <br />any subsequent purchasers and encumbrances of all or any part of the Property and all <br />recording fees, if any, shall be paid by the Developer. <br />G. Default. The occurrence of any of the following shall be considered an “Event <br />of Default” in the terms and conditions contained in this Agreement: <br />(1) Failure of Developer to comply with any of the terms and conditions <br />contained in this Agreement if Developer fails to correct such failure within thirty (30) days after <br />receiving written notice of such failure from the City, or if such failure cannot be reasonably <br />cured within such thirty (30) day period, then the failure of the Developer to promptly commence <br />the correction of such failure or to complete the correction of such failure within a reasonable <br />period of time. <br />(2) The failure of Developer to comply with any applicable ordinance or <br />statute with respect to the development of the Property. <br />H. Remedies. Upon the occurrence of any Event of Default, the City, in addition to <br />any other remedy which may be available to it, shall be permitted to do any of the following: <br />(1) City may make advances or take other steps to cure the default, and, where <br />necessary, enter the Property for that purpose. Developer shall pay all reasonable sums so <br />advanced or reasonable expenses incurred by the City, upon demand, with interest from the dates <br />of such advances or expenses at the rate of 10% per annum. No action taken by the City <br />pursuant to this section shall be deemed to relieve Developer from curing any such default to the <br />extent that it is not cured by the City or from any other default hereunder. The City shall not be <br />obligated, by virtue of the existence or exercise of this right, to perform any such act or cure any <br />such default. Developer shall save, indemnify, and hold harmless, including reasonable attorney
The URL can be used to link to this page
Your browser does not support the video tag.