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PF_3595_Contract
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PF_3595_Contract
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Last modified
7/17/2007 2:28:41 PM
Creation date
9/14/2005 1:54:22 PM
Metadata
Fields
Template:
Contracts/Agreements
Agreement/Contract Type
Development Contract
Contracts/Agreements - Department
Community Development
Purpose/Title
Roseville Twin Lakes, LLC
Contracts/Agreements - Planning File #
3595
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<br />opInIon, market conditions do not permit at least 180,000 sq. ft. of corporate office to be <br />constructed on Block 1, the Redeveloper may construct up to 360 units of rental, cooperative or <br />for-sale housing. Non-office commercial will not be an acceptable use for Block 1. <br /> <br />(4) Commencement of Construction of Blocks 7 and 8 shall begin no later <br />than five (5) years following the Commencement of Construction of any housing units. <br /> <br />(b) Commencement of Construction dates shall be subject to: <br /> <br />(1) Unavoidable Delays, <br /> <br />(2) Receipt of all necessary governmental approvals for construction of the <br />Minimum Improvements, and <br /> <br />(3) Approval and recordation of the Final Plat. <br /> <br />( c) If Commencement of Construction is delayed, the Redeveloper shall, within <br />fifteen (15) days after the Redeveloper's becoming aware of such delay, notify the City thereof in <br />writing and of the cause thereof. Construction will commence within ninety (90) days of the <br />resolution of the cause of the delay subject to winter delay of constructing or completing streets, <br />utilities and grading. If a start date would fall between November 1 and March 1, it shall be <br />extended until the following May 30. <br /> <br />Section 5.8. Certificate of Completion. <br /> <br />(a) Promptly after written notification by the Redeveloper to the City of substantial <br />completion of any Stage of the Project in accordance with the provisions of the Agreement <br />(including any deadlines for the substantial completion thereof, subject to Unavoidable Delays), the <br />City will furnish the Redeveloper with a Certificate of Completion in recordable form. The <br />Certificate of Completion shall be a conclusive determination of satisfaction and termination of the <br />agreements and covenants in the Agreement with respect to the obligations of the Redeveloper to <br />construct that Stage. <br /> <br />(b) If the City shall refuse or fail to provide any Certificate in accordance with the <br />provisions of this Section, the City shall, within ten (10) days after written request by the <br />Redeveloper, provide the Redeveloper with a written statement, indicating in adequate detail in <br />what respects the Redeveloper has failed to complete the Minimum Improvements in accordance <br />with the provisions of this Agreement, or is otherwise in default, and what measures or acts will <br />be necessary, in the opinion of the City, for the Redeveloper to take or perform in order to obtain <br />such Certificate. <br /> <br />(c) The construction of any Stage of the Project shall be deemed to be substantially <br />completed when the Redeveloper has received certificates of occupancy for all portions of that <br />Stage. The certificates of occupancy shall not be unreasonably withheld or delayed. <br /> <br />28 <br />
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