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04-07-2025 JDA Agenda Packet
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04-07-2025 JDA Agenda Packet
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24 <br />TW185\1\1011577.v13 <br />A. JDA may make advances or take other steps to cure the default, and, where <br />necessary, enter the Property for that purpose. The Developer shall pay all <br />sums so advanced, or expenses incurred by the JDA upon demand, with <br />interest from the dates of such advances or expenses at the rate of 10% per <br />annum or the maximum amount permitted by law if less than 10%. No <br />action taken by the JDA pursuant to this section shall be deemed to relieve <br />the Developer from curing any such defaults to the extent that it is not cured <br />by the JDA or from any other default hereunder. The JDA shall not be <br />obligated, by virtue of the existence or exercise of this right, to perform any <br />such act or cure any such default. The Developer shall save, indemnify, and <br />hold harmless, including reasonable attorney’s fees, the JDA, the City, and <br />the County from liability or other damages which may be incurred as a result <br />of the exercise of the JDA’s, the City’s, or the County’s rights pursuant to <br />this section. <br />B. Obtain an order from a Court of Competent Jurisdiction requiring the <br />Developer to specifically perform its obligations pursuant to the terms and <br />provisions of this Agreement. <br />C. Exercise any other remedies which may be available to it, including an <br />action for damages. <br />D. Withhold the issuance of any building permits and/or prohibit the <br />occupancy of all building which permits have been issued. <br />E. In addition to the remedies and amounts payable as set forth herein, upon <br />the occurrence of an event of default, the Developer shall pay the JDA all
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