AgdaPkt 2003-12-15 - Laserfiche WebLink

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I &-C•43 use or used for any other purposes except as Agency in writing in advance. This covenant for the life of the Redevelopment Plan, as time. (e) All cf the foregoing covenai land, and shall inure to the benefit of and City and the Agency, a_id its successors and may be approved by the shall remain in effect extended from time to its shall run With the be enforceable by the assigns. (f) The covenants set forth in this Declaration shall run in favor of the City and the Agency for the entire period during which such covenants are to remain in force in accordance with the foregoing, and shall be in effect without regard to whether the City and the Agency has at any time been, remains, or is an owner of any land or interest therein to which these covenants relate. In the event of any breach of these covenants, the City and the Agency shall have the right to exercise all the rights and remedies available at law or in equity to enforce the curing of such breach. (g) It is the intent hereof that the provisions of subsections (a) through (f), inclusive, of this Declaration shall survive the termination of the other operative provisions of the Agreement and the issuance and /or recordation of the Certificate of Completion. 3. Maintenance of Property. During such time as the covenants set forth in Section 2 of this Declaration are in effect, the Property shall at all times be maintained as a rental apartment complex of not less than 72 units. The Property shall at all times be maintained in a neat and orderly condition consistent with good management practices and in accordance with all applicable Federal, State and local laws. 4. Events of Default; Enforcement. In the event of a default in the performance or observance of any covenant, agreement or obligation as set forth in this Declaration and, if such default remains uncured for a period of thirty (30) days after notice thereof shall have been given by the City and /or the Agency, or such longer period as may be approved by the City and /or Agency in writing in their sole discretion, then the City and the Agency may declare that an Event of Default has occurred hereunder and may take any one or more of the following steps, at their option: (a) By mandamus or other suit, action or proceeding at law or in equity, require the Declarant or its successors in interest to perform its obligations and covenants hereunder, or enjoin any acts or things which may be unlawful or in violation of G - 3