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R2010-200 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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R2010-200 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
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10/2/2015 10:40:12 AM
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Resolution/Ordinance
Res Ord Num
R2010-200
Res Ord Title
RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT
Approved Date
10/21/2010
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, <br /> expropriation or confiscation of facilities or compliance with any order or request <br /> of governmental authority or person purporting to act therefore, acts caused <br /> directly or indirectly by the other party (or its agents or employees) or third <br /> parties, or any other similar cause beyond the reasonable control of the parties, <br /> including but not limited to delays in acquiring interests in or possession of real <br /> estate caused by the parties who are contractually obligated to convey and grant to <br /> the other party. <br /> 10. ASSIGNMENT <br /> Except for the assignment of this Redevelopment Agreement as collateral, the <br /> Developer shall not assign any of the rights in this Agreement without first <br /> obtaining written consent of the City. However, the City agrees that consent shall <br /> not be unreasonably withheld provided the nature and financial status of the <br /> project are not substantially changed, and that nothing contained herein is <br /> intended to restrict the transfer of interest in this Agreement as a result of the <br /> death of any of the Developer's owners, managers or members as the case may be. <br /> 11. PREPAYMENTS <br /> The Municipality absolutely reserves the right, prior to the expiration of the term <br /> of this Agreement and to the extent lawful, in its sole discretion, to prepay all or <br /> any part of its obligations under this Agreement or any Note. <br /> 12. WAIVER <br /> Any party to this Agreement may elect to waive any remedy it may have <br /> hereunder, provided that no such waiver shall be deemed to exist unless the party <br /> waiving such right or remedy does so in writing. No such waiver shall obligate <br /> such party to waive any other right or remedy hereunder, or shall be deemed to <br /> constitute a waiver of other rights and remedies provided pursuant to this <br /> Agreement. <br /> 13. SEVERABILITY <br /> If any section, subsection, term or provision of this Agreement or the application <br /> thereof to any party or circumstance shall, to any extent, be invalid or <br /> unenforceable, the remainder of such section, subsection, term or provision of this <br /> Agreement or the application of same to parties or circumstances other than those <br /> to which it is held invalid or unenforceable, shall not be affected thereby. <br /> 14. NOTICES <br /> All notices, demands, requests, consents, approvals or other instruments required <br /> or pertnitted by this Agreement shall be in writing and shall be executed by the <br /> party or an officer, agent or attorney of the party, and shall be deemed to have <br /> - 19 - <br />
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