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R2015-138 AUTHORIZING REDEVELOPMENT AGREEMENT PACE Hospitality
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R2015-138 AUTHORIZING REDEVELOPMENT AGREEMENT PACE Hospitality
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Last modified
3/5/2018 4:48:19 PM
Creation date
12/24/2015 8:39:20 AM
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Resolution/Ordinance
Res Ord Num
R2015-138
Res Ord Title
AUTHORIZING REDEVELOPMENT AGREEMENT PACE HOSPITALITY, LLC
Approved Date
12/21/2015
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_ =`�.a ���� ���,��?m ���i <br /> TABLE OF <br /> CONTENTS <br /> P� <br /> Contents <br /> REDEVELOPMENT AGREEMENT................................................................................................1 <br /> RECITALS...........................................................................................................................................4 <br /> ARTICLE I: DEFINITIONS..............................................................................................................5 <br /> ARTICLE II: DEVELOPMENT OF THE PROJECT....................................................................6 <br /> 2.1 Development of the Project........................................................................................................6 <br /> 2.2 Changes in Plans.........................................................................................................................6 <br /> 2.3 Final Site Plan.............................................................................................................................6 <br /> 2.4 Construction Plans. ....................................................................................................................6 <br /> 2.5 Amended Construction Plans....................................................................................................6 <br /> 2.6 Commencement and Completion Reyuirements.....................................................................7 <br /> 2.6.1 Commencement......................................................................................................................................7 <br /> 2.6.2 Completion.............................................................................................................................................7 <br /> 2.7 Certificate of Completion...........................................................................................................7 <br /> 2.8 Form of Certification..................................................................................................................7 <br /> 2.9 Quality of Construction and Conformance to Federal, State and Local Requirements......7 <br /> 2.10 Utilities.........................................................................................................................................7 <br /> 2.11 Insurance.....................................................................................................................................7 <br /> 2.11.1 Liability Insurance Prior to Completion.................................................................................................8 <br /> 2.11.2 Builder's Risk Prior to Completion.........................................................................................................8 <br /> 2.12 Lien Waivers...............................................................................................................................8 <br /> 2.13 Rights of Inspection....................................................................................................................8 <br /> ARTICLE III: CITY OBLIGATIONS..............................................................................................8 <br /> 3.1 Public Investment.......................................................................................................................8 <br /> 3.2 Zoning. ........................................................................................................................................8 <br /> 3.3 Easements....................................................................................................................................9 <br /> ARTICLE IV: PUBLIC INVESTMENT...........................................................................................9 <br /> 4.1 Public Investment.......................................................................................................................9 <br /> 4.2 Adjustment of Public Investment..............................................................................................9 <br /> ARTICLE V: CONDITIONS PRECEDENT TO CITY OBLIGATIONS AND ONGOING <br /> BENEFITS............................................................................................................................................9 <br /> 5.1 Conditions Precedent to Transaction........................................................................................9 <br /> ARTICLE VI: OPERATION OF THE PROJECT........................................................................10 <br /> 6.1 Operation and Maintenance of the Project............................................................................10 <br />
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