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Agmt11 R.C.Peninsula Park, LLC
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Agmt11 R.C.Peninsula Park, LLC
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Last modified
3/29/2011 1:52:10 PM
Creation date
3/29/2011 1:50:24 PM
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Agreement
Contractor Name
R.C.Peninsula Park, LLC
PROJECT NAME
Community Facilities District No. 2010-1
RMP File Number
(One Marina)
Date
3/28/2011
Reso Ref
15104
Amendment
No
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Section 5.08. Defective or Nonconforming Work. Any work which does not conform <br /> with the requirements of the approved Plans or which is found unacceptable or deficient by the <br /> City's Engineer shall be remedied or removed and replaced by the Developer at the Developer's <br /> sole cost and expense, together with any other work which may be displaced in so doing, and no <br /> compensation will be paid to the Developer for such removal, replacement or remedial work. <br /> All materials found inadequate or deficient by the City or the City's Engineer shall be <br /> immediately removed from the site. The Developer shall comply with any reasonable direction <br /> or order of the City or the City's Engineer concerning removal or replacement of any work found <br /> defective by the City not later than ten (10) consecutive days (or such longer period as may be <br /> reasonably required in the discretion of the City Engineer) following receipt of written notice of <br /> the deficient work by the City. The Developer shall promptly remedy all such deficiencies and <br /> complete all of the remedial work no later than ten (10) consecutive days (or such longer period <br /> as may be reasonably required in the discretion of the City Engineer) from receipt of the City's <br /> letter of non - conforming or unacceptable work unless an additional period of time is granted by <br /> the City. In the event the Developer fails to comply with any of these time periods, the City <br /> shall have the express authority to cause all non - conforming materials, rejected work, or <br /> unauthorized work to be remedied, removed, or replaced at the Developer's sole cost and <br /> expense and to deduct all fees and costs incurred by the City, including staff time, from any <br /> amounts otherwise payable to Developer under this Acquisition Agreement. <br /> Section 5.09. Modification or Designation of Discrete Components. Upon written <br /> request of the Developer, the City Engineer shall consider modification of the description of any <br /> Discrete Component or shall consider the delineation of new Discrete Components not currently <br /> designated in Exhibit B. So long as the modification is in conformance with the Development <br /> Agreement, does not diminish the overall Facilities to be provided by the Developer hereunder <br /> (in a material way such that the change invalidates any of the assumptions used in the appraisal <br /> conducted to sell the Bonds), and is consistent with any applicable provisions of Section <br /> 53313.51 of the Act, then the City Engineer, in his reasonable discretion, may approve the <br /> modification. It is expected that any such modification or designation will be solely for <br /> purposes of dividing up the work included in any Facility for purposes of acceptance and <br /> payment or in response to changes to the Development Agreement or the actual design of the <br /> work comprising the Project. In most instances, the City Engineer will only approve <br /> modifications or designations for payment purposes if (i) there will be an unusual period of time <br /> between the date of this Agreement or the approval of the design of the work and the <br /> completion and acceptance of such divided work or (ii) such modification or designation will <br /> better implement the phasing of the overall construction of the Facilities. <br /> ARTICLE VI <br /> OWNERSHIP AND TRANSFER OF DISTRICT FACILITIES <br /> Section 6.01. Facilities to be Owned by the City — Conveyance of Land and <br /> Easements to City. The City and the Developer shall cooperate in good faith to achieve <br /> conveyance and acceptance of Acceptable Title in a timely manner. Acceptable Title to all <br /> property on, in or over which each Facility will be located, shall be deeded over to the City by <br /> way of grant deed, quitclaim, irrevocable offer of dedication or dedication of such property, or <br /> easement thereon, if such conveyance of interest is approved by the City as being a sufficient <br /> -18- <br />
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