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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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- �m ���� �;���: �:�.:� <br /> 2.11 Quality of Construction and Conformance to Federal, State and Local <br /> Requirements. All work with respect to the Project shall conform to Applicable Law <br /> including, but not limited to, design standards, environmental codes and life safety <br /> codes. The Redeveloper shall cause the construction of the Project to be commenced <br /> and to be prosecuted with due diligence and in good faith in accordance with the <br /> terms of this Agreement, and without delay and shall cause the Project to be <br /> constructed in a good and workmanlike manner in accordance with the Conshuction <br /> Plans and the Final Site Plan. If the Project is constructed in compliance with the <br /> Construction Plans as approved pursuant to Section 2.6 above, it will be deemed to be <br /> in conformance with Building Codes of the City. <br /> 2.12 Utilities. Except as otherwise provided in this Agreement, all arrangements for �I <br /> utilities must be made by the Redeveloper with the applicable utility company. The I <br /> City makes no representations whatsoever with respect to the adequacy or availability ''� <br /> of utilities with respect to the Project or Project Site. Notwithstanding the foregoing, I <br /> the City, if requested by the Redeveloper, shall make reasonable efforts to assist in <br /> obtaining utility rights and Permits. <br /> 2.13 Insurance. <br /> 2.13.1 Liability Insurance Prior to Completion. Prior to commencement of <br /> construction of the Project, the Redeveloper or the Redeveloper's contractor <br /> shall procure and deliver to the City, at the Redeveloper's or such contractor's <br /> cost and expense, and shall maintain in full force and effect until each and ' <br /> every obligation of Redeveloper contained herein has been fully paid, or <br /> performed, a policy or policies of comprehensive liability insurance and <br /> during any period of construction, contractor's liability insurance, structural <br /> work act insurance and workmen's compensation insurance, with liability <br /> coverage under the comprehensive liability insurance to be not less than One <br /> Million ($1,000,000) Dollars each occurrence and Five Million ($5,000,000) <br /> Dollars total, all such policies to be in such form and issued by such <br /> companies as shall be reasonably acceptable to the City to protect City and <br /> Redeveloper against any liability incidental to the use of or resulting from any <br /> accident occurring in or about the Project or the improvements or the <br /> construction and improvement thereof. Each such policy shall name the City <br /> as coinsureds and shall contain an affirmative statement by the issuer that it <br /> will give written notice to the City at least thirty (30) days prior to any <br /> cancellation or amendment of its policy. <br /> 2.13.2 Builder's Risk Prior to Completion. During the construction of the Project <br /> as certified by the City, the Redeveloper shall keep in force at all times <br /> builder's completed value risk insurance, in non-reporting form, against all <br /> risks of physical loss, including collapse, covering the total value of work <br /> performed and equipment, supplies and materials furnislled for the Project. <br /> Such insurance policies shall be issued by companies reasonably satisfactory <br /> to the City, and shall name the City as a coinsured. All such policies shall <br /> contain a provision that the same will not be cancelled or modified without a <br /> thirty(30) day written notice to the City. <br /> CITY OF DECATUR/FirsTech Red.Agreement 6 <br /> Page 106 of 161 <br />
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