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Last modified
2/16/2024 12:32:50 PM
Creation date
2/16/2024 12:31:54 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 Improvements <br />Section 4.1. Construction of Minimum Improvements. (a) The Redeveloper <br />agrees that it will construct the Minimum Improvements ements eby e e e op yent in <br />Property in accordance with the Preliminary approved <br />the C <br />connection with its approval of the Development District <br />from its obligationeto <br />District. Nothing herein shall relieve the <br />prepare and construct in accordance with such additional construction plans as may <br />be required under the City s normal construction permitting process. <br />(b) If the Redeveloper desires to make any material change in the <br />Preliminary Plans after their approval by the City, the Redeveloper shall submit <br />the proposed change to the City for its approval. cable federal, st to Band local laws or <br />s conform to the <br />requirements of this Agreement and all pp <br />regulations, the City shall approve the proposed change and notify the Redevelopebr <br />in writing of its approval Such changes shall, in any written noticedeemed <br />by theCityapproved <br />to the <br />the City unless rejected, in whole or in part, by <br />Redeveloper, setting forth in detail the reasons therefor. Such rejection shall be <br />made within twenty-one (21) days after receipt of the notice of such change. <br />Section 4.2. Commencement and Completion of Construction. If the City <br />purchases and conveys the Redevelopment tlmprovementsrwithin <br />p the <br />Redeveloper shall commence construction of Vile Minimum <br />thirty (30) days after such conveyance, and shall <br />niafter the Comm nclete the ieme on of ttof <br />Minimum Improvements within twelve (12) months <br />construction. All work with respect to on Redevelopment Property shall <br />n t Minimum Improvements to be <br />constructed or provided by the Redevelop <br />be in conformity with any construction plans as submitted by the Redeveloper and <br />approved by the City. <br />The Redeveloper agrees for itself, its successors and assigns, and every <br />successor in interest to the Redevelopment Pa npercov�enants onor any r thereofpart of the <br />, and the <br />Redevelopment Property Deed shall con <br />Redeveloper for itself and such successors and assigns., that the Redeveloper, and <br />such successors and assigns, shall promptly begin and diligently prosecute to <br />completion the redevelopment of the Rs Redevelopment <br />and that such constthrougriuc ion <br />the <br />construction of the Minimum Impravemen <br />shall in any event be commenced and completed <br />and6 <br />within <br />a agreed, period <br />e io specified <br />pRedevelopmentifiednthis <br />Section 4.2 of this Agreement. It is intended <br />Property Deed shall so expressly provide, that such <br />agreements <br />r a eats and event, covenantswithoutall <br />be covenants running with the land and that y lr m <br />anyregard to technical classification or designation, eeement itself,al or rbee Loand the fullest <br />only as otherwise specifically provided g <br />extent permitted by law and equity, binding <br />r and itsenefit of the successors and assigns. <br />Subsequent and <br />enforceable by the City against the Redeveloper <br />Subsequent to conveyance of the Redevelopment Property, or any part thereof, to <br />the Redeveloper, and until construction of the Minimum Improvements has been <br />completed, the Redeveloper shall make reports, c the tail actual progressd at such imes of the <br />as <br />may reasonably be requested by the y, as to <br />Redeveloper with respect to such construction. <br />�7 <br />
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