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R2006-40 AUTHORIZING AGREEMENT WITH GMRI, INC.
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R2006-40 AUTHORIZING AGREEMENT WITH GMRI, INC.
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12/2/2015 11:17:14 AM
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Resolution/Ordinance
Res Ord Num
R2006-40
Res Ord Title
AUTHORIZING AGREEMENT WITH GMRI, INC. FOR OLIVE GARDEN PROPERTY
Approved Date
3/20/2006
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interference with the business being operated on Pad B as is reasonably possibte, <br /> including but not limited to, assuring that access and utilities serving Pad B are <br /> maintained at all times. Alf such Work shall be diligerrtly pursued to completion, and <br /> any affected area ot Pad B shall be restored promptly after completion to as dose to the <br /> condition that existed immediately before such Work as is reasonably possible. <br /> Developer shalt not approve a replacement sign structure for Pylon Sign#1 that <br /> materially differs in shape, size, width and/or height from that shown on Exhibit C to the <br /> O.E.A. without the prior written approvat of Olive Garden, not to I�unreasonably <br /> withheld. <br /> C. Developer shall indemnify defend and hold Olive Garden harmless <br /> from and against any and all (iability, costs and damages relating to the Work, including, <br /> without limitation, injury and mechanics' liens. The liability insurance that Devetoper <br /> must maintain pursuant to the O.E.A. shall also oover Pylon Sign #1, and shall name <br /> Olive Garden as an additional named insured. Developer shall deliver certificates of <br />' insurance to Olive Garden evidencing the foregoing coverage within twenty-one (21) <br /> days of reoeipt of written request for same from Olive Garden. <br /> D. In the event Pylon Sign #1 is taken by condemhation, Olive Garden <br /> shall assign the proceeds from the condemnation award or settlemerrt relating to Pylon <br /> Sign #1 to Developer to construct a new sign structure in rep(acement of Pylon Sign #1 <br /> in acxordance with the O.E.A. in an area approved by Olive Garden, Target and <br /> Developer with comparable visibility as close to the original location as reasonably <br /> possible. If the award received for the sign structure is less than the cost to replace the <br /> sign structure, the Parties entitled to place panefs on the sign structure shall each pay a <br /> portion of such defiaency, which portion shall be equal to a fraction, the numerator of <br /> which is the number of square feet of panel area allocated to each pursuant to Exhibit C <br /> of the O.E.A., or the then approved design, even if such panel area is not �sed, and the <br /> denominator of which is the total number of square feet of identifiqtion panel area <br /> available on Pylon Sign #1; for the purpose of this calculation, if the name of the <br /> Shopping Center is located on Pylon Sign #1, then the space devoted to such name <br /> shall be considered a panel belonging to Developer. The award (whether paid <br /> separately or as part of a lump sum) attributable to each panel taken (after application <br /> of the award to the cost of replacement as hereinabove required) shall belong to the '�� <br /> owner thereof. The provisions of this Section 3.D shall continue after expiration of the <br /> term of this Agreement. <br /> 4. No-Buifd Areas. No temporary or permanent structures are permitted <br /> within the No-Build Areas, other than paving, light poles, curbing, storm drains and <br /> tr�c signs, such that the No-Build Areas may only be used for parking, driveways, <br /> sidewalks, curbing, storm drainage, lighting and landscaping incidental thereto, for the <br /> non-exclusive benefit of Olive Garden. The No-Build Areas may not be reduced or <br /> materially mod�ed without Olive Garden's prior written consent. No portion of the No- <br /> Build Areas shatl be designated or reserved for the exclusive use of any Occupant, or <br /> any other person, nor shall the No-Build Areas be designated as an °employee only' <br /> parking area. <br />
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