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R2013-87 AUTHORIZING EXECUTION OF A REDEVLOPMENT AGREEMENT Southside
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R2013-87 AUTHORIZING EXECUTION OF A REDEVLOPMENT AGREEMENT Southside
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Last modified
8/17/2015 9:15:25 AM
Creation date
8/17/2015 9:15:20 AM
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Template:
Resolution/Ordinance
Res Ord Num
R2013-87
Res Ord Title
AUTHORIZING EXECUTION OF A REDEVELOPMENT AGREEMENT - SOUTHSIDE REDEVELOPMENT PROJECT AREA - POLICE FACILITY
Department
Police
Approved Date
8/19/2013
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TABLE OF <br /> CONTENTS <br /> Page <br /> 10.3.1 No Waiver by Delay......................................................................................................................17 <br /> 10.3.2 Rights and Remedies Cumulative................................................................................................17 <br /> 10.3.3 Delay in Performance...................................................................................................................18 <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: REPRESENTATIONS OF THE REDEVELOPER..................................................18 <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...........................................................................................................19 <br /> 13.3 Pending Lawsuits.....................................................................................................................19 <br /> ARTICLE XIV: MORTGAGE FINANCING AND RIGHTS OF MORTGAGEES.........................19 <br /> 14.1 Limitation Upon Encumbrance of Property.........................................................................20 <br /> 14.2 Mortgage or Leasehold Mortgage Authorized......................................................................20 <br /> 14.3 Mortgagee Not Obligated to Construct.................................................................................20 <br /> 14.4 Consent of Mortgagee or Leasehold Mortgagee Required..................................................20 <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................................................25 <br /> 14.10 City's Option to Cure Mortgage Default...............................................................................26 <br /> ARTICLE XV: MISCELLANEOUS......................................................................................................26 <br /> 15.1 Authorized Representatives....................................................................................................26 <br /> 15.1.1 Redeveloper...................................................................................................................................26 <br /> 15.1.2 City.................................................................................................................................................27 <br /> 15.2 Entire Agreement....................................................................................................................27 <br /> 15.3 Binding Upon Successors in Interest.....................................................................................27 <br /> iii <br />
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