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Ord. 2557
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Ord. 2557
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Last modified
12/23/2025 1:35:18 PM
Creation date
12/23/2025 1:35:12 PM
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Template:
CC Index
CC Index - Document Type
Ordinance
Meeting Type
Regular
Agency Type
City Council
Date
12/22/2025
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<br />ATTY/ORD.0013/CC ORD 1548 MAPLE DA 4TH AMENDMENT – EXHIBIT A <br />REV: 11-24-25 VR <br />Page 6 of 14 <br />the Demolition Agreement. The City shall reasonably cooperate with the Developer in <br />efforts to end the Abatement Force Majeure Event. <br />D. County/Developer Segments In Lieu Payment. If, despite Developer’s best <br />efforts, by the County Segment Outside Date (i) City is unable to obtain the County <br />Authorization and complete the Abatement Work or (ii)Developer is unable to obtain retain <br />the Non-County Authorizations then, in lieu of constructing the Blomquist - Developer <br />Segment and Blomquist - County Segment, Developer shall pay to City within forty-five <br />(45) days following City’s demand therefor, an amount equal to One-Million Nine Hundred <br />Ninety Two-Thousand Three Hundred and Seventy Dollars ($1,992,370), which amount <br />represents the parties’ good faith estimate of the hard costs of constructing the Blomquist <br />–Developer Segment and Blomquist –County Segment (“County/Developer Segments In <br />Lieu Payment”). The amount of the County/Developer Segments In Lieu Payment shall <br />be increased on January 1, 2019, and on January 1st of each year thereafter during the Term <br />based on increases in the Default Escalator over the prior one-year period. Developer’s <br />obligation to make the County/Developer Segments In Lieu Payment shall be <br />memorialized in the Subdivision Improvement Agreement and Developer shall be required <br />to post an irrevocable standby letter or credit or other form of security acceptable to City <br />to ensure payment of the County/Developer Segments In Lieu Payment if and when such <br />payment is due. Upon payment of the County/Developer Segments In Lieu Payment and <br />transfer of the Developer Work Product to City as provided in Section 3.3E below, <br />Developer shall have no further obligation to construct the Blomquist – Developer Segment <br />or the Blomquist – County Segment and City shall promptly release to Developer that <br />portion of the performance and labor and materials bonds or other improvement security <br />which Developer has provided to City to secure construction performance and payment of <br />laborers and materialmen with respect to such segments. Notwithstanding any other <br />provision hereof to the contrary, (a) City’s inability to obtain the County Authorization or <br />(b) Developer’s inability to obtain retain the Non-County Authorization by the County <br />Segment Outside Date shall not release Developer from its obligations to (i) convey to City <br />a public right-of-way easement with respect to the Blomquist – Developer Segment, (ii) <br />construct or cause the construction of the Blomquist – City Segment, and (iii) produce and <br />deliver to City construction and engineering drawings in forms acceptable to City for the <br />entirety of the Blomquist Street Extension, including the Blomquist – Developer Segment <br />and the Blomquist – County Segment.” <br />5. Limitations on Occupancy of Townhomes. No certificate(s) of occupancy for any <br />residential townhome unit(s) shall be issued (other than temporary certificates of occupancy for <br />one townhome building containing model units) until such time as all of the Blomquist Extension <br />Work is substantially complete. Notwithstanding the preceding sentence, if the Developer is <br />making best efforts to complete the Blomquist Extension Work, City will not withhold certificates <br />of occupancy under this Section 5 during a Force Majeure Delay. In addition, the City Manager, <br />or the City Manager’s designee, may waive the restriction on issuing additional townhome <br />certificates of occupancy if he or she determines, in his or her sole discretion, that the Blomquist <br />Extension Work is likely to be substantially complete within the next 60 days. Developer shall <br />include a written disclosure in each townhome purchase contract informing the purchaser of the <br />restrictions on issuance of certificates of occupancy set forth in this Section 5 of the Fourth <br />Amendment. The written disclosure shall be in a form reasonably acceptable to the City Attorney.
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