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Agmt04 cinema - closing docs
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Agmt04 cinema - closing docs
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Last modified
7/5/2005 2:27:38 PM
Creation date
12/6/2004 9:14:09 AM
Metadata
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Template:
Agreement
Contractor Name
numerous files
PROJECT NAME
Cinema - closing documents from escrow
RMP File Number
100 bin 24
Date
11/29/2004
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<br /> " <br /> City, Agency and Developer, Developer s1'ìáll pay any and all Parking Facility Costs that <br /> exceed the Not-to-Exceed Parking Facility Cost. <br /> Notwithstanding anything to the contrary contained in this Section 3 or any other <br /> provision of the Agreement or this Amendment, City and Agency shall remain <br /> responsible for payment of any amounts in connection with the Public Parking Facility <br /> that arise as a result of the causes described in items a), b) and c) in section 3.E.1 of <br /> the Agreement, as amended hereby. <br /> 2. Section 3.B of the Agreement - The Cost of the Work - is replaced with the <br /> following language: <br /> 1. The Cost of the Work is the cost of all labor, materials, equipment, <br /> overhead, taxes, utilities, insurance, royalty and license fees, deposits and all other <br /> "hard" costs of constructing the Public Parking Facility (as described in the plans and <br /> specifications set forth in Exhibit B to this Amendment, subject to the exceptions and <br /> clarifications set forth in Exhibit C to this Amendment) paid by Developer to or on behalf <br /> of Wentz Group, the general contractor, and its subcontractors. <br /> 2. City and Agency and their accountants may audit the Cost of the Work <br /> when the Public Parking Facility is complete or this Agreement is terminated for any <br /> reason. Developer shall require its Contractors and Consultants to make their cost <br /> records available and otherwise cooperate in this audit as provided in Section 10 of the <br /> Agreement. All amounts paid by City and Agency under this Agreement shall be <br /> subject to adjustment as a result of any audit, and the parties shall make any payment <br /> required as a result of the audit within twenty (20) days of the date the City and Agency <br /> give Developer written notice of the audit results. <br /> 3. Section 3.C of the Agreement - The Construction Contingency - is replaced with <br /> the following language: <br /> 4 <br /> 770727vI633786/0001 <br /> .~~ . -_.- -.-...- <br />
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