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Last modified
2/16/2024 3:30:14 PM
Creation date
2/16/2024 12:26:49 PM
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Planning Files
Planning Files - Planning File #
1481
Planning Files - Type
Planning-Other
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ARTICLE IV <br />Construction of Minimum Im rovements <br />er <br />Section 4.1 <br />. Construction of Minimum Im rovement on(the The <br />Preliminary Plans approved by the City In <br />agrees that it will construct the eMinimum improvements Increment <br />Property in accordance with ment District and Tax cram to <br />connection with its approval of the Develop <br />Nothing her shall relieve the Redeveloper <br />construction plans as may <br />District. g such <br />prepare and construct In accordance <br />cons ruction permitting process. <br />be required under the City material change in the <br />(b) If the Redeveloper desires t e make anthe Redeveloper shall submit <br />Preliminary Plans after their approval <br />for its by <br />City, if such changes conform to the <br />the proposed change to the City applicable federal, state, and local laws or <br />requirements of this Agreement ove and <br />lproposed change and notify the Redeveloper <br />regulations, the City shall app event, be deemed approved by <br />in writing of its approval. Such changes shall, In any <br />notice by the City to the <br />unless rejected, in whole or in part, by Such rejection shall be <br />the City forth in detail the reasons therefor. <br />Redeveloper, setting t of the notice of such change. <br />made within twenty-one (21) days after receipt Construction. If the City <br />Section 4.2. E,ommenceme�ntand Completion <br />of Consoru Redeveloper, the <br />purchases and conveys the Redevelopment Property <br />p commence construction of the Minimum tticonstruction Redeveloper shall and shall complete the of <br />thirty (30) days after such conveyance, <br />improvements within twelve (12) months after <br />f mum hImprovements to be <br />mmencement of <br />Minimum imp art shall <br />construction. All work with respect to the Min <br />clad or provided by the Redeveloper on the i tad byp henRedeveloper and <br />evelo <br />constru plans as <br />be in conformity with any construction <br />approved by the y and every <br />its successors and�at thereof, and the <br />The Redeveloper theees for itselftRedevelopmentProperty, or any p <br />successor in Interest to t the Redeveloper, and <br />Property Deed shall contain covenants on the part of the <br />Redevelopment P prosecute to <br />Redeveloper for itself and such all a promptly begin and diligently P h the <br />such successors and assigns, shall p and that such construction <br />the redevelopment of the Redevelopment Property throng <br />completion <br />construction of the Minimum Improvements om leted within the period specified in this <br />shall in any event be commenced and comp d agreed, and the Redevelopment <br />Section 4.2 of this Agreement. <br />It is intended and <br />and covenants shall <br />Property Deed shall so expressly provide, that such agreements <br />any event, and without <br />or designation, legal or otherwise, and except <br />be covenants running with the land and that they shall, the fullest <br />regard to technical classification reement Itself, be, to <br />only as otherwise specifically aln provided <br />bi ding the for the benefit sore and ahe ssigns. <br />extent permitted and <br />by law <br />enforceable by the City against the Redeveloper and its orcany part thereof, to <br />Subsequent to conveyance of the Redevelopmentthe MinProimum Improvements times as <br />as been <br />the Redeveloper, and until con reports, In such detail and at such <br />completed, the Redeveloper shall make rep s'as to the actual progress of the <br />� may reasonably besrect to such uested constructithe on. <br />Redeveloper with re p <br />
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