CCP 06-13-1994 - Laserfiche WebLink

Home Browse Search

." . assistance in connection with such party's undertaking of development of the subject property, The Developer understands, however, that the real property is owned by third parties and that the City can not preclude the development thereof by its owners, Section 7, Ci1;y Costs, In consideration of the City's covenants and agreements set forth herein, the Developer agrees that it will pay the costs incurred by the City in connection with the preparation of this Agreement and the negotiation, preparation and implementation of the Contract. The Developer has previously paid to the City $2,500 and has deposited another $2,500 with the City upon execution of this Agreement. The City shall have the right to draw upon such amounts to pay its costs. If the amount on deposit becomes depleted, the City shall have the right to request that the Developer replenish such funds upon which the Developer shall remit to the City additional funds to be held on deposit, unless the City has terminated this Agreement as provided in Section 4, If this Agreement is terminated in accordance with the terms hereof, any sums remaining on deposit with the City, after the City pays or reimburses itself for costs incurred to the date of termination, shall be returned to the Developer, No other financial obligations shall exist between the parties, other than those that may be negotiated and contained in the Contract. Section 8, Modifications, This Agreement may be modified and the term hereof may be extended only through written amendments hereto signed by all parties to this Agreement. Staff of the City shall have the authority to agree to written extensions of time to perform activities . hereunder if staff believe that such extensions are reasonable and necessary, Section 9, Termination, This Agreement shall be effective for a term of ninety (90) days from the date hereof. If for any reason a Contract has not been entered into by the parties within the term of this Agreement or any mutually approved extension thereof, this Agreement shall be null and void and, subject to Section 7, neither party shall have any liability or obligations to the other, Section I 0, Severabilitv, If any portion of this Agreement is held invalid by a court of competent jurisdiction, such decision shall not affect the validity of any remaining portion of this Agreement, Section I L Notices, Notice, demand, or other communication from one party to the other shall be deemed effective if sent by certified mail, postage prepaid, return receipt requested or delivered personally to a party at its address in the first paragraph of this Agreement, or at such other address as such party may designate in writing to the other party, .