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AgdaPkt 2013-07-22
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AgdaPkt 2013-07-22
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Last modified
8/23/2013 5:12:30 PM
Creation date
7/19/2013 3:15:07 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council
Date
7/22/2013
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7.A. - Page 148 <br /> City Property, unless such statement or representation is expressly and specifically set forth in <br /> this Agreement. The City hereby expressly and specifically disclaims any express or implied <br /> warranties regarding the City Property, except as expressly set forth in this Agreement. <br /> 2.5 Work Product. If City terminates this Agreement due to default of Developer, <br /> without the Developer acquiring the City Property, the Developer shall deliver or cause to be <br /> delivered to the City, within twenty (20) days after the City's written request and at no cost to the <br /> City, all Work Product. City understands and acknowledges that Developer shall deliver the <br /> Work Product to the City, pursuant to this Section 2.5, without representation or warranty of any <br /> kind. The Developer shall take such actions and make such payments as may be necessary to <br /> preclude any claim against the City or the City Property for any sums owing regarding the Work <br /> Product. The Developer shall defend, indemnify and hold the City harmless from all Claims <br /> associated with any actual or alleged failure of the Developer to pay any amount regarding any <br /> Work Product. The Work Product shall be deemed assigned to the City, without the execution of <br /> any additional documents, upon a termination of this Agreement for any reason. However, the <br /> Developer shall, if requested by the City, execute such other documents as the City reasonably <br /> requests, to further document the assignment of the Work Product to the City. <br /> 2.6 City Pre-Closing Document Approval. <br /> 2.6.1 Developer Deliverv of Documents. The Developer shall deliver all of <br /> the following described documents to the City, at least, forty-five (45) calendar days prior to the <br /> Escrow Closing Date: <br /> (a) All Insurance Documents; <br /> (b) The Loan Documents (if applicable); <br /> (c) The Construction Contract; <br /> (d) Any covenants, conditions or restrictions proposed for the Site; <br /> and <br /> (e) Evidence of the Developer's Equity Investment. <br /> 2.6.2 Citv A�roval. Within thirty (30) calendar days after the City receives <br /> any item required to be delivered to the City by the Developer pursuant to Section 2.6.1, the City <br /> shall Notify the Developer whether or not such submitted matter is reasonably acceptable to the <br /> City. Any Notice from the City stating that a particular submitted matter is not acceptable to the <br /> City shall also state the actions that the City reasonably believes are required to make such <br /> matter acceptable to the City. Within thirty (30) calendar days after receipt of any Notice from <br /> the City stating that a submitted matter is not acceptable to the City, the Developer shall <br /> appropriately revise any matter disapproved by the City in a manner intended in good faith to <br /> obtain the City's approval of such matter and re-submit such matter to the City for approval. The <br /> process applicable to the City's consideration of the initial submittal of any matter shall apply to <br /> any re-submittal of such matter, following its disapproval by the City. If the City fails to Notify <br /> the Developer that it does not approve of any submitted matter within the requisite thirty (30) <br /> calendar day period, then such matter shall be deemed approved by the City. <br /> 82483.00009\7571312.11 20 <br /> ATTY/AGR/2013.118/BLOCK 2 HUNTER STORM <br /> REV: 07-19-13 PT <br />
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