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2004_0913_Packet
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2004_0913_Packet
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constructed with the first lift of asphalt. <br />9.12 Association Declaration. The Developer shall provided the City with a copy of the <br />DRAFT Declaration of Covenants, Conditions & Restrictions and Project Summary <br />(Exhibit �, and shall incorporate these PUD requirements into the Declarations. <br />9.13 Anticipated Development Schedul� The Developer shall submit and abide (as best as <br />possible) by the anticipated schedule for site work and structureconstruction(Exhibit <br />M). <br />10.0 DEVELOPER DEFAULT: <br />A default with regard to a conveyed parcel will not constitute a default with regard to the <br />parcels retained by the DEVELOPER or other conveyed parcels, so long as such retained <br />or other conveyed parcels otherwise comply with applicable provisions of this <br />Agreement. <br />10.1 For purposes of this Agreement, the failure of the DEVELOPER to perform any covenant, <br />obligation or agreement of the DEVELOPER hereunder, and the continuance of such <br />failure for a period of thiriy (30) days after written notice thereof from the City (or such <br />longer period of time as may reasonably be necessary to cure any such default, if such <br />default is not reasonably curable within such thiriy (30) day period) shall constitute a <br />DEVELOPER default hereunder. Within the thiriy (30) day period after notice is given, a <br />request may made for a hearing (by either party) to be held before the City Council to <br />determine if a default has occurred. Upon the occurrence of DEVELOPER default, the <br />City may withhold any certificate of occupancy for improvements proposed to be <br />constructed. <br />10.2 Notwithstanding anything herein to the contrary, the DEVELOPER may convey a parcel <br />or parcels of land within the PUD to a third pariy, and the conveyed parcels shall remain <br />subject to all of the terms of the PUD specifically relating to said parcels. In that case, the <br />parties agree as follows: <br />A. A default by the DEVELOPER, or its successors in interest, in the performance of <br />the obligations hereunder, will not constitute a default with regard to the conveyed <br />parcel and will not entitle the CITY to exercise any of its rights and remedies <br />hereunder with respect to such conveyed parcel, so long as the owner of the <br />conveyed parcel otherwise complies with applicable provisions of the PUD. <br />B. A default with regard to a conveyed parcel will not constitute a default with regard <br />to the parcels retained by the DEVELOPER or other conveyed parcels, so long as <br />such retained or other conveyed parcels otherwise comply with applicable <br />provisions of this Agreement. <br />� <br />
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