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R2016-04 AUTHORIZING REDEVELOPMENT AGREEMENT FIRSTECH
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R2016-04 AUTHORIZING REDEVELOPMENT AGREEMENT FIRSTECH
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2/18/2016 10:10:36 AM
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2/18/2016 10:10:34 AM
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Resolution/Ordinance
Res Ord Num
R2016-04
Res Ord Title
AUTHORIZING REDEVELOPMENT AGREEMENT FIRSTECH, INC
Approved Date
1/19/2016
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�: ���� €��g �m �"�� <br /> . � �.�� <br /> or disapprove such revised plans within ten (10) days of submittal. This process shall <br /> repeat until the plans are approved by the City. <br /> 2.7 Amended Construction Plans. Prior to completion of the Project, if the <br /> Redeveloper desires to make any substantial change in the Construction Plans that <br /> significantly affect the appearance, function, or structural integrity of the Project, the <br /> Redeveloper shall submit the proposed change to the City for its approval. If the <br /> Construction Plans, as modified by the proposed change, conform to the requirements <br /> of the Redevelopment Plan and this Agreement, meet Applicable Law and do not <br /> create a fundamental change in the nature, size or aesthetics of the Project, the City <br /> shall approve the proposed change and notify the Redeveloper in writing of its <br /> approval. If the City disapproves of such change, it shall notify the Redeveloper in <br /> writing with specificity as to the reasons for the disapproval, in which event the <br /> Redeveloper may submit a revised change within a reasonable time thereafter. This <br /> process shall repeat until the revised plans are approved by the City or the change is <br /> abandoned by the Redeveloper. If such change is not so approved or rejected in <br /> writing within ten (10) days of receipt of the submission to the City from the <br /> Redeveloper, such change will be deemed approved. <br /> 2.8 Commencement and Completion Requirements. <br /> 2.8.1 Commencement. The Redeveloper shall commence construction of the <br /> Project no later than March 1, 2016. <br /> 2.8.2 Completion. The Redeveloper shall Substantially Complete construction of <br /> the Project within eighteen (18) months after commencement of construction <br /> or other mutually agreeable date. <br /> 2.9 Certificate of Completion. Promptly after Substantial Completion of construction <br /> of the Project and upon request of the Redeveloper, the City will execute and deliver <br /> to the Redeveloper a certificate of completion. Said instrument of certification by the <br /> City shall be (and it shall be so provided in the certification itsel fl a conclusive <br /> determination of satisfaction with respect to the obligations of the Redeveloper and <br /> its successors and assigns that the construction of the Project has been Substantially <br /> Complete in accordance with the provisions of this Agreement. <br /> 2.10 Form of Certification. The certification provided for in Section 2.9 shall be in such <br /> form as will enable it to be recorded in the Office of the Recorder of Deeds, Macon <br /> County, Illinois. If the City refuses or fails to provide any certification in accordance <br /> with the provisions of this Agreement, the City shall, within fifteen (15) days after <br /> written request by the Redeveloper, provide the Redeveloper with a written statement <br /> indicating in adequate detail in which respects the Redeveloper has failed to <br /> Substantially Complete constntction of the Project in accordance with the provisions <br /> of this Agreement, or is otherwise in default, and what measures or steps will be <br /> necessary, in the opinion of the City, for the Redeveloper to take or perform in order <br /> to obtain such certification. Said certification as provided herein shall not be <br /> unreasonably withheld by the City and the Project shall be deemed approved if the <br /> City fails to conform to the provisions of Section 2.9 and this Section 2.10. <br /> CITY OF DECATUR/FirsTech Red. Agreement 5 <br /> Page 105 of 161 <br />
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