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R2013-35 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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R2013-35 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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8/18/2015 3:31:48 PM
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Resolution/Ordinance
Res Ord Num
R2013-35
Res Ord Title
RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT - CITY OF DECATUR/GRAND AVENUE TIF REDEVELOPMENT AGREEMENT
Department
Public Works
Approved Date
4/15/2013
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i <br /> I <br /> of concepts of waiver, laches or otherwise); nor shall any waiver in fact <br /> made by the City or the Redeveloper with respect to any specific Event of <br /> Default by the Redeveloper or the City under this Agreement be <br /> considered or treated as a waiver of the rights of the City or the <br /> Redeveloper under this Section or with respect to any Event of Default <br /> under any section in this Agreement or with respect to the particular Event <br /> of Default, except to the extent specifically waived in writing by the City <br /> or the Redeveloper. <br /> 11.3.2 Rights and Remedies Cumulative. The rights and remedies of the <br /> parties to this Agreement(or their successors in interest)whether provided <br /> by law or by this Agreement, shall be cumulative, and the exercise by <br /> either party of any one or more of such remedies shall not preclude the <br /> exercise by it, at the time or different times, of any other such remedies for <br /> the same Event of Default by the other party. No waiver made by either <br /> such party with respect to the performance, nor the manner or time <br /> thereof, or any obligation of the other party or any condition to its own <br /> obligation under the Agreement shall be considered a waiver of any rights <br /> of the party making the waiver with respect to the particular obligation of <br /> the other party or condition to its own obligation beyond those expressly <br /> waived in writing and to the extent thereof, or a waiver in any respect in <br /> regard to any other rights of the party making the waiver or any other <br /> obligations of the other party. <br /> 11.3.3 Delay in Performance. For the purposes of any of the provisions of this <br /> Agreement except with regard to payment of real estate taxes as provided <br /> herein, neither the City, nor the Redeveloper, as the case may be, nor any <br /> successor in interest, shall be considered in breach of, or in default of, its <br /> obligations with respect to the beginning and completion of construction <br /> of the Project, the Public Projects or the Public Improvements or progress <br /> in respect thereto, in the event of enforced delay in the performance of <br /> such obligation due to unforeseeable causes beyond its control and without <br /> its fault or negligence, including, but not restricted to acts of God, acts of <br /> the public enemy, acts of federal, state or local government, acts of the <br /> federal or state judiciary, acts of the other party, fires, floods, epidemics, <br /> quarantine restrictions, strikes, embargoes, acts of nature,unusually severe <br /> weather or delays of subcontractors due to such causes; it being the <br /> purposes and intent of this provision that in the event of the occurrence of <br /> any such enforced delay, the time or times for performance of the <br /> obligations of the City or the Redeveloper with respect to the beginning <br /> and completion of the construction of the Project, the Public Projects or <br /> the Public Improvements shall be extended for the period of the enforced <br /> delay. Provided,that the party seeking the benefit of the provisions of this <br /> Section, shall within thirty (30) days after the beginning of any such <br /> enforced delay have first notified the other party thereof in writing, of the <br /> cause or causes thereof, and requested an extension of the period of <br /> 17 <br />
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