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R2015-139 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT Firstech, Inc.
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R2015-139 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT Firstech, Inc.
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12/24/2015 8:41:03 AM
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12/24/2015 8:41:00 AM
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Resolution/Ordinance
Res Ord Num
R2015-139
Res Ord Title
RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT FIRSTECH, INC.
Approved Date
12/21/2015
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TABLE OF <br /> CONTENTS <br /> Page <br /> RECITALS..........................................................................................................................................................1 <br /> ARTICLE I:DEFINITIONS.............................................................................................................................2 <br /> ARTICLE II: DEVELOPMENT OF THE PROJECT...................................................................................4 <br /> 2.1 Development of the Project........................................................................................................4 <br /> 2.2 Progress Reports.........................................................................................................................4 <br /> 2.3 Preliminary Plans.......................................................................................................................4 <br /> 2.4 Approval of Preliminary Plans by City....................................................................................4 <br /> 2.5 Final Site Plan.............................................................................................................................4 <br /> 2.6 Construction Plans.....................................................................................................................4 <br /> 2.7 Amended Construction Plans....................................................................................................5 <br /> 2.8 Commencement and Completion Requirements.....................................................................5 <br /> 2.8.1 Commencement......................................................................................................................................5 <br /> 2.8.2 Completion.............................................................................................................................................5 <br /> 2.9 Certificate of Completion...........................................................................................................5 <br /> 2.10 Form of Certification..................................................................................................................5 <br /> 2.11 Quality of Construction and Conformance to Federal, State and Local Requirements......6 <br /> 2.12 Utilities.........................................................................................................................................6 <br /> 2.13 Insurance.....................................................................................................................................6 <br /> 2.13.1 Liability Insurance Prior to Completion.................................................................................................6 <br /> 2.13.2 Builder's Risk Prior to Completion.........................................................................................................7 <br /> 2.14 Lien Waivers...............................................................................................................................7 <br /> 2.15 Rights of lnspection....................................................................................................................7 <br /> ARTICLE III: CITY OBLIGATIONS.............................................................................................................7 <br /> 3.1 Public Investment.......................................................................................................................7 <br /> 3ZEasements....................................................................................................................................7 <br /> ARTICLE IV:PUBLIC INVESTMENT..........................................................................................................7 <br /> 4.1 Public Investment.......................................................................................................................7 <br /> ARTICLE V:CONDITIONS PRECEDENT TO CITY OBLIGATIONS AND ONGOING BENEFITS.8 <br /> 5.1 Conditions Precedent to Transaction........................................................................................8 <br /> 5.2 Conditions Precedent to Public Investment...............................Error! Bookmark not defined. <br /> ARTICLE VI: OPERATION OF THE PROJECT.........................................................................................8 <br /> 6.1 Operation and Maintenance of the Project..............................................................................8 <br /> ARTICLE VII: REDEVELOPER COVENANTS AND RESTRICTIONS..................................................8 <br /> 7.1 Project Subject to Redevelopment Plan and Agreement........................................................8 <br /> 7.2 Non-discrimination.....................................................................................................................9 <br /> CITY OF DECATUR/FirsTech Red.Agreement i <br />
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