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R2005-49 AUTHORIZING DEVELOPMENT AGREEMENT Near North
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R2005-49 AUTHORIZING DEVELOPMENT AGREEMENT Near North
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Last modified
12/29/2015 1:30:29 PM
Creation date
12/29/2015 1:30:21 PM
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Resolution/Ordinance
Res Ord Num
R2005-49
Res Ord Title
AUTHORIZING DEVELOPMENT AGREEMENT NEAR NORTH REDEVELOPMENT PROJECT AREA - HOPE VI / PHASE II AND PHASE III
Approved Date
4/18/2005
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4.7 HUD Submissions....................................................................................24 <br /> 4.8 Loan or Grant of Funds to the Revitaliz�tion.......................................24 <br /> 4.9 Resident Relocation.................................................................................25 <br /> 4.10 HOPE VI Grant Compliance..................................................................25 <br /> 4.11 Provision of Operating Subsidy..............................................................25 <br /> 4.12 DHA Support of Developer's Applications............................................25 <br /> 4.13 DHA Revitalization Support...................................................................25 <br /> 4.14 DHA Eaecution of Documents................................................................25 <br /> 4.15 DHA Response Procedure.......................................................................26 <br /> 4.16 DHA Obligations Related to Property Tazes........................................26 <br /> ARTICLE 5. PHASE II SITE AND PHASE III SITE RESPONSIBILITIES OF <br /> DEVELOPER. .........................................................................................26 <br /> 5.1 Management of the Design Process........................................................26 <br /> 5.2 Obtain Permits and Other Approvals....................................................26 <br /> 5.3 Compliance with Laws and Permits.......................................................27 <br /> 5.4 Reserved....................................................................................................27 <br /> 5.5 Reserved....................................................................................................27 <br /> 5.6 Construction.............................................................................................27 <br /> 5.7 Right of Entry by DHA and City............................................................29 <br /> 5.8 Developer's Environmental Responsibilities.........................................30 <br /> 5.9 Environmental Assurances.....................................................................31 <br /> 5.10 Insurance Requirements.........................................................................31 <br /> ARTICLE 6. OWNER ENTITIES AND PROJECT DOCUMENTS..................................32 <br /> 6.1 Entity Formation......................................................................................33 <br /> 6.2 Owner Entity Organizational Documents.............................................33 <br /> 6.3 Conveyance Documents...........................................................................33 <br /> 6.4 Regulatory and Operating Agreement...................................................33 <br /> 6.5 DHA Financing Documents ....................................................................33 <br /> 6.6 Other Financing Documents...................................................................34 <br /> 6.7 Construction Documents.........................................................................34 <br /> 6.8 Declaration of Trust.................................................................................34 <br /> 6.9 Management Agreement and Management Documents.......................34 <br /> 6.10 Closing.......................................................................................................34 <br /> ARTICLE 7. FEE AND PAYMENT ARRANGEMENTS....................................................34 <br /> 7.1 Development Fee......................................................................................34 <br /> 7.2 Payment of Development Fee..................................................................36 <br /> 7.3 Third Party Costs and Overhead..........................................................37 <br /> 7.4 Management Fee......................................................................................37 <br /> 7.5 Allocation of Savings...............................................................................37 <br /> 7.6 Task Orders and Task Fees....................................................................38 <br /> 7.7 City Reimbursement Process..................................................................39 <br /> 7.8 Infrastructure Contingency Allowance..................................................39 <br /> ARTICLE 8. TERNIINATION FOR CAUSE.........................................................................39 <br /> 8.1 Events of Default by Developer..............................................................39 <br /> 8.2 Force Majeure..........................................................................................41 <br /> ii <br /> INDY 1566592v.2 <br />
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