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03-12-07 Item 4E, Resolution 07-33 Final Plat of Burroughs
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03-12-07 Item 4E, Resolution 07-33 Final Plat of Burroughs
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6/25/2007 3:44:12 PM
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03-12-07 Item 4E, Burroughs Final Plat
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Agenda Item
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3/12/2007
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<br />purpose. Developer shall pay all sums so advanced or expenses <br />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 <br />action taken by the City pursuant to this section shall be deemed <br />to relieve the Developer from curing any such default to the <br />extent that it is not cured by the City or from any other default <br />hereunder. The City shall not be obligated, by virtue of the <br />existence or exercise of this right, to perform any such act or cure <br />any such default. Developer shall save, indemnify, and hold <br />harmless, including reasonable attorney fees, the City from any <br />liability or other damages which may be incurred as a result of <br />the exercise of the City's rights pursuant to this section. <br /> <br />2. Obtain an Order from a Court of competent jurisdiction requiring <br />Developer to specifically perform its obligations pursuant to the <br />terms and provisions of this Agreement. <br /> <br />3. Exercise any other remedies which may be available to it <br />including an action for damages. <br /> <br />4. Withhold the issuance of any or all building permits and/or <br />prohibit the occupancy of all building(s) for which permits have <br />been issued. <br /> <br />5. In addition to the remedies and amounts payable as set forth <br />herein, upon the occurrence of an event of default, Developer <br />shall pay to the City all fees and expenses, including reasonable <br />attorney, engineering and consulting fees, incurred by the City as <br />a result of the event of default, whether or not a lawsuit or other <br />action is formally taken. <br /> <br />4 <br />
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