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CC_Minutes_2005_0718
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CC_Minutes_2005_0718
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Last modified
7/17/2007 9:27:26 AM
Creation date
8/19/2005 3:22:44 PM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
7/18/2005
Meeting Type
Work Session
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<br />Friday, July 15, 2005 <br /> <br />(a) Suspend its perfonnance under this Agreement until it rcceives assurances <br />from the Redeveloper, deemed adequate bv the Citv, that the Redeveloper will cure its <br />default and continue its performance under this Agreement. <br /> <br />Ib) Terminate this Agreement and/or anv Tax Increment Notes issued pursu- <br />ant to this Agreement. <br /> <br />I c) Withhold anv Certificate of Completion. <br /> <br />I d) Suspend anv pavments due to the Redeveloper, including those due under <br />anv Tax Increment Note issued in accordance with this Agreement. <br /> <br />Ie) Utilize anv pavments otherwise due to the Redeveloper, including those <br />due under any Tax Increment Note, to cover the pavment of any amounts due from the <br />Redeveloper. <br /> <br />If) Take whatever action, including legal, eqnitable or administrative action, <br />which may appear necessary or dcsirable to the City, including any actions to collect any <br />pavments due under this Agreement, or to enforce perfOlmance and observance of any <br />obligation, agreement, or covenant of the Redeveloper under this Agreement. <br /> <br />3 <br />
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