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R2013-91 AUTHORIZING EXECUTION OF THE REDEVELOPMENT AGREEMENT PREVIOUSLY RECEIVED AND PLACED ON FILE Southside
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R2013-91 AUTHORIZING EXECUTION OF THE REDEVELOPMENT AGREEMENT PREVIOUSLY RECEIVED AND PLACED ON FILE Southside
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Last modified
7/30/2025 11:58:31 AM
Creation date
8/17/2015 8:59:12 AM
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Resolution/Ordinance
Res Ord Num
R2013-91
Res Ord Title
AUTHORIZING EXECUTION OF THE REDEVELOPMENT AGREEMENT PREVIOUSLY RECEIVED AND PLACED ON FILE - SOUTHSIDE REDEVELOPMENT PROJECT AREA - POLICE FACILITY
Department
Police
Approved Date
9/3/2013
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TABLE OF <br /> CONTENTS <br /> Page <br /> ARTICLE XI: TERMINATION OF AGREEMENT ...........................................................................18 <br /> 11.1 Termination by the City..........................................................................................................18 <br /> 11.2 Termination by the Redeveloper............................................................................................19 <br /> ARTICLE XII: REPRESENTATIONS OF THE REDEVELOPER..................................................19 <br /> 12.1 Redeveloper..............................................................................................................................19 <br /> 12.2 Authorization...........................................................................................................................19 <br /> 12.3 Non-Conflict or Breach...........................................................................................................19 <br /> 12.4 Pending Lawsuits.....................................................................................................................19 <br /> 12.5 Conformance with Requirements..........................................................................................19 <br /> 12.6 Construction Monitor..............................................................................................................19 <br /> ARTICLE XIII: REPRESENTATIONS OF THE CITY.....................................................................19 <br /> 13.1 Organization and Authorization............................................................................................19 <br /> 13.2 Non-Conflict or Breach...........................................................................................................20 <br /> 13.3 Pending Lawsuits.....................................................................................................................20 <br /> ARTICLE XIV: MORTGAGE FINANCING AND RIGHTS OF MORTGAGEES.........................20 <br /> 14.1 Limitation Upon Encumbrance of Property.........................................................................20 <br /> 14.2 Mortgage or Leasehold iVlortuage Authorized......................................................................20 <br /> 14.3 iN'Iortgagee Not Obligated to Construct.................................................................................20 <br /> 14.4 Consent of Mortgagee or Leasehold Mortgagee Required..................................................21 <br /> 14.5 Notice to City............................................................................................................................21 <br /> 14.6 Default Notice...........................................................................................................................22 <br /> 14.7 Notice of Termination.............................................................................................................22 <br /> 14.8 Procedure on Default...............................................................................................................23 <br /> 14.9 City's Option to Pay Mortgage Debt or Purchase Property................ <br /> 14.10 City's Option to Cure Mortgage Default...............................................................................26 <br /> ARTICLE XV: TNIISCELLANEOUS......................................................................................................27 <br /> 15.1 Authorized Representatives....................................................................................................27 <br /> 15.1.1 Redeveloper...................................................................................................................................27 <br /> 15.1.2 City........................................................................... <br /> 15.2 Entire Agreement....................................................................................................................27 <br /> 15.3 Binding Upon Successors in Interest .....................................................................................27 <br /> 15.4 Titles of Paragraphs................................................................................................................27 <br /> 15.5 Notices.......................................................................................................................................27 <br /> iii <br />
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