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AgdaPkt 2017-06-26 Closed and Joint SA PFA
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AgdaPkt 2017-06-26 Closed and Joint SA PFA
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Last modified
9/21/2017 12:53:14 PM
Creation date
6/22/2017 4:17:46 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/26/2017
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ATTY/AGR/2017.145/ STAFFORD FUNDING AGREEMENT <br />REV: 06-21-17 JS <br />Page 9 of 41 <br />in the same manner as for breach hereof. Any material deviation by Contractor for any <br />reason from the requirements thereof, or from any other provision of this Agreement, shall <br />constitute a breach of this Agreement and may be cause for termination at the election of <br />City or upon the direction of HUD. City may terminate this Agreement for cause after <br />giving Contractor notice of any breach or default and sixty (60) days to cure said breach <br />or default, provided however, that in the event such breach or default cannot be cured <br />within sixty (60) days, Contractor shall have such additional time to cure said default as <br />is reasonably required, provided that Contractor has commenced to cure within the initial <br />sixty (60) day period and is diligently prosecuting the cure. <br /> City reserves the right to waive any and all breaches of this Agreement, and any <br />such waiver shall not be deemed a waiver of all previous or subsequent breaches. In the <br />event City chooses to waive a particular breach of this Agreement, it may condition the <br />same on payment by Contractor of actual damages occasioned by such breach of <br />Agreement and shall make every effort to resolve the same quickly and amicably. <br /> The City may terminate this Agreement, by giving Contractor not less than five (5) <br />days prior written notice, if CDBG, and/or HOME funds cease, for any reason, to be <br />available to City. <br /> Nothing contained in this Paragraph 12 will be deemed to limit the right of the <br />Parties to terminate this Agreement for cause or otherwise to exercise any right or pursue <br />any remedy which may accrue to them. <br /> 13. CONTRACTOR'S STATUS. In the performance of the obligations set forth <br />in this Agreement, Contractor will have the status of an independent contractor and will <br />not be deemed to be an employee, agent or officer of City. <br />6.3.E. - Page 21
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