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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
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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 />ARTICLE IX <br /> <br />ADDITIONAL PROVISIONS <br /> <br />Section 9.1. Reimbursements. <br /> <br />( a) Within five (5) days following execution of this Agreement with respect to costs <br />incurred through such date, and on an ongoing basis thereafter, the Redeveloper shall reimburse <br />the City for the following: <br /> <br />(1) one-half of the cost incurred by the City for the Stakeholder Advisory <br />process, up to a maximum reimbursement of$35,000; <br /> <br />(2) one-naIf of the costs incurred by the City in connection with the creation <br />of the Tax Increment District (including costs incurred for blight studies), up to a maximum <br />reimbursement of$35,000; and <br /> <br />(3) all of the costs incurred by the City after January 1, 2005 in connection <br />with the preparation and negotiation of this Agreement and financial analysis associated <br />therewith. <br /> <br />(4) all of the costs incurred by the City after January 1, 2005 in connection <br />with appraisals or valuations of the Redevelopment Property pursuant to this Agreement or <br />relocation, provided that the Redeveloper shall have approved any contracts entered into by the <br />City for such appraisal, valuation and relocation services. <br /> <br />(b) The Redeveloper shall, upon receipt of invoices from the City therefor, reimburse <br />the City for the Redeveloper's share of the costs listed in subparagraphs (2), (3) and (4) above <br />which are incurred by the City after the date of execution of this Agreement and, in the case of <br />the costs listed in subparagraphs (2) and (3) only, incurred before January 1, 2006. <br /> <br />Section 9.2. Conflict of Interest. No Council member, official, or employee of the City <br />shall have any direct personal interest in this Agreement, nor shall any such member, official, or <br />employee participate in any decision relating to the Agreement which affects his or her personal <br />interests or the interests of any corporation, partnership, or association in which he or she is <br />directly interested. <br /> <br />Section 9.3. City Representatives Not Individually Liable. No member, official, or <br />employee of the City shall be personally liable to the Redeveloper, or any successor in interest, in <br />the event of any default or breach by the City or for any amount which may become due to the <br />Redeveloper or successor or on any obligations under the terms of this Agreement, except in the <br />case of willful misconduct. <br /> <br />Section 9.4. Equal Employment Opportunity. The Redeveloper, for itself and its <br />successors and assigns, agrees that during the construction of the Minimum Improvements it will <br />comply with all applicable equal employment opportunity and non-discrimination laws, <br />ordinances and regulations. <br /> <br />37 <br />
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