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RecD05 2005-141296
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RecD05 2005-141296
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Last modified
8/8/2007 5:28:12 PM
Creation date
2/22/2006 10:24:59 AM
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Template:
Recorded Docs
Recorded Docs - Type
Agreement
Subject
amended & restated isposition & development agreem
Doc Num
2005-141296
Rec Date
8/17/2005
Parties
First Community Housing
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<br />Developer shall take reasonable precautions to ensure the safety <br />and stability of surrounding properties during said construction. <br /> <br />p. The Developer shall begin and complete all <br />construction and development and undertake all obligations and <br />responsibilities of the Developer within the times specified in the <br />Schedule of Performance, or within such reasonable extensions of <br />such times as may be granted by the Agency or as otherwise provided <br />for in this Agreement. The Schedule of Performance may be revised <br />from time to time as mutually agreed upon in writing by and between <br />the Developer and the Redevelopment Manager of the Agency. Any and <br />all deadlines for performance by the parties shall be extended for <br />any times attributable to delays which are not the fault of the <br />performing party and are caused by the other party. <br /> <br />q. Prior to and during the period of construction of <br />the Project, the Developer shall submit to the Agency written <br />progress reports when and as reasonably requested by the Agency but <br />in no event more frequently than once every month. The reports <br />shall be in such form and detail as may reasonably be required by <br />the Agency, and shall include a reasonable number of construction <br />photographs taken since the last such report submitted by the <br />Developer. <br /> <br />r. Prior to the commencement of construction on any <br />portion of the Property, the Developer shall furnish, or shall <br />cause to be furnished, to the Agency duplicate originals or <br />appropriate certificates of public indemnity and liability <br />insurance in the amount of Two Million Dollars ($2,000,000.00) <br />combined single limit, naming the Agency and the City as additional <br />insureds. Said insurance shall cover comprehensive general <br />liability including, but not limited to, contractual liability; <br />acts of subcontractors; premises-operations; explosion, collapse <br />and underground hazards, if applicable; broad form property damage, <br />and personal injury including libel, slander and false arrest. In <br />addition, the Developer shall provide to the Agency adequate proof <br />of comprehensive automobile liability insurance covering owned, <br />non-owned and hired vehicles, combined single limit in the amount <br />of Two Million Dollars ($2,000,000.00) each occurrence; and proof <br />of workers' compensation insurance. Developer shall also provide <br />proof of property-fire insurance for the replacement value of the <br />improvements constructed in connection with the Project. Any and <br />all insurance policies required hereunder shall be obtained from <br />insurance companies admitted in the State of California and rated <br />at least B+: XII in Best's Insurance Guide. All said insurance <br />policies shall provide that they may not be canceled unless the <br />Agency and the City receive written notice of cancellation at least <br />thirty (30) calendar days prior to the effective date of <br /> <br />18 <br /> <br />REDW\0006\DOC\001-7 <br />3/29/05 3:15 /rove <br /> <br />
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