CCP 06-15-1992 - Laserfiche WebLink

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~....... "-'" 'I I..~.l .. <~.;;. ..... f":... - :::-~ ,::~ .i~.:2:= ~ ~ The Developer agree. for it.elf, it. .uccessors and assigns, and every ...,- successor in intarest to the Development Property, or eny part thareot, that the Developer, and euch auccaSlon and 19s1gns .hall promptly begin and diligently prosecute to completion the developmant. ot tha Development Property through tha construction of the Minimum Improvemant. thareon, and thet such con.truction .hall in any event be commin.:tad and completad OIi thin the period .pecified in this Section 3.3 of this Agr.ament. Section 3.4, CertiHcau of Complation. eel Promptly afUr completion of the kinimum Improvaments in accordance OIith the ConStruction Plana the City will furnish the Developer With en appropriate inatrument ao certitying. Such certification by tha City ehall be . concluaiva determination of aati.faction and termination of the agreement a and covenant. in the Agraemant with reapact to the obligations of the Developar, and its auccessors and aSSigns, to construct the Minimum Improvements and the dates for the bag inning and complation thereof. Such certification and such detarminetion shall not conatitute evidence ot compliance with or aatisfaction of eny obligation of the Developer to any Elolder ot a Mortgage, or any insurer of a Mortgaga, IIcurin&: monay loaned to financa the Minimum Improvement., or any part thereot. (bl The Certificate provided for in this Section 3.4 of thi. Agreement .hall be in such torm as will enable lt to be recorcled in tha proper office tor the recordatlon of deeds end othsr instruments psrtainlQj to the Development Property. If the City ahall refuae or f.il to provide any certification 1n accordance with the provisions of this Section 3.4 of this Agreemant, the City .hall, within thirty .(30) days after written request by the Developer, provide the Developer . with a written statement, indicating in adequaee dstail in what rupects the Developer haa failed to complate the M1nimum Improvements in accordance w1th ths provisions of the Agr.sment, or i. otherwiae in default, and what measures or acta 1 t will be necessary, in the op tnion of the C1 ty, for th. Developer to take or perfor~ in order to obtain such cartificat10n. (c) The con. truction of tha Minimum Improvement. shall be deemed to b. completed when such Minimum Improvements are aubstantially completed, Which shall be at such time as a Certif1cate of Sub.untia1 completion 11 iuued by the Project Arch1tect and concurrad in by the contractor, owner and City 1n accordance with the ~ppTove~ plaoa and apacificationa. - . 8.