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Last modified
7/17/2007 9:29:34 AM
Creation date
1/10/2006 3:17:23 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
12/19/2006
Resolution #
10367
Resolution Title
RESOLUTION AUTHORIZING THE ACQUISITION OF CERTAIN PROPERTY FOR PUBLIC USE BY RIGHT OF EMINENT DOMAIN
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<br />ARTICLE X <br /> <br />TERlVIlNA TION OF AGREEMENT <br /> <br />Section 10.1. Termination. The City may terminate this Agreement as provided herein, <br />and otherwise this Agreement shall terminate upon payment of the Tax Increment Notes in <br />accordance with their terms (or termination of the Tax Increment District, if earlier) and the <br />discharge of all of the City's and Redeveloper's respective obligations hereunder. <br /> <br />Section 10.2. Sections to Survive Termination. The following shall survive termination <br />of this Agreement: <br /> <br />(a) The Redeveloper's obligation to indemnify the City pursuant to Section 3.1 (b), <br /> <br />(b) Any indemnification or other rights or remedies arising hereunder due to any <br />Event of Default which occurred prior to such termination, and <br /> <br />(c) The Declaration of Protective Covenants and Prohibition Against Tax Exemption. <br /> <br />IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed in its <br />name and behalf by its duly authorized representatives, and the Redeveloper has caused this <br />Agreement to be duly executed in its name and behalfby its duly authorized representative, on or <br />as ofthe date offrrst above written. <br /> <br />G:IWPDATAIRIROSEVILLEI17\DOCSIREDEV AGREE V10.DOC <br /> <br />(signature pages follow) <br /> <br />40 <br />
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