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R2014-04 AUTHORIZING CITY OF DECATUR / HARRISON MANAGEMENT GROUP LLC REDEVELOPMENT AGREEMENT
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R2014-04 AUTHORIZING CITY OF DECATUR / HARRISON MANAGEMENT GROUP LLC REDEVELOPMENT AGREEMENT
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Last modified
2/27/2017 10:51:19 AM
Creation date
7/31/2015 9:53:04 AM
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Resolution/Ordinance
Res Ord Num
R2014-04
Res Ord Title
AUTHORIZING CITY OF DECATUR / HARRISON MANAGEMENT GROUP LLC REDEVELOPMENT AGREEMENT
Approved Date
1/21/2014
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e . <br /> M <br /> N <br /> ti <br /> TABLE OF <br /> y CONTENTS <br /> m <br /> ro <br /> Page <br /> ARTICLE VII: REDEVELOPER COVENANTS AND RESTRICTIONS............................. 10 <br /> M7.1 Project Subject to Redevelopment Agreement...................................................................... 10 <br /> 4 <br /> 7.2 Non-discrimination................................................................................................................... 10 <br /> Y7.3 Property Taxes.......................................................................................................................... 11 <br /> 0 <br /> 7.4 Duration of Covenants............................................................................................................. 11 <br /> 7.5 Covenants Running with the Land ......................................................................................... 11 <br /> 7.6 Covenants Binding for the Benefit of City............................................................................. 12 <br /> 7.7 Forms of Covenants and Restrictions..................................................................................... 12 <br /> ARTICLE IIX: INDEMNIFICATION............................................................................... 12 <br /> 8.1 Redeveloper Indemnification of the City................................................................................ 12 <br /> 8.2 City Indemnification of the Redeveloper................................................................................ 13 <br /> ARTICLE IX: PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER.................... 13 <br /> 9.1 Prohibition Against Transfer of Project and Project Site Prior to Completion of <br /> Construction.............................................................................................................................. 13 <br /> 9.1.1 Prohibitions..........................................................................................................................................13 <br /> 9.1.2 Conditions for Approval.....................................................................................................................14 <br /> 9.2 Transfer of Project After Completion of Construction......................................................... 15 <br /> 9.3 Status of Assignee..................................................................................................................... 15 <br /> 9.4 Assignment to Affiliated Entity............................................................................................... 15 <br /> 9.5 No Release of Redeveloper....................................................................................................... 16 <br /> ARTICLE X: DEFAULT AND REMEDIES....................................................................... 16 <br /> 10.1 Events of Default....................................................................................................................... 16 <br /> 10.1.1 Misrepresentation................................................................................................................................16 <br /> 10.1.2 Breach...................................................................................................................................................16 <br /> 10.2 Remedies Upon Default............................................................................................................ 16 <br /> 10.3 Other Rights and Remedies of City and Redeveloper: Delay in Performance Waiver..... 16 <br /> 10.3.1 No Waiver by Delay.............................................................................................................................16 <br /> 10.3.2 Rights and Remedies Cumulative......................................................................................................17 <br /> 10.3.3 Delay in Performance..........................................................................................................................17 <br /> 10.3.4 Waiver....................................................................................................17 <br /> ARTICLE XI: TERMINATION OF AGREEMENT............................................................ 18 <br /> 11.1 Termination by the City........................................................................................................... 18 <br /> 11.2 Termination by the Redeveloper............................................................................................. 18 <br /> ARTICLE XII: EQUAL EMPLOYMENT OPPORTUNITY................................................ 18 <br /> 12.1 Non-Discrimination.................................................................................................................. 18 <br /> 12.2 Advertising................................................................................................................................ 18 <br />
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