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R2015-116 Redevelopment Agreement Evergreen Hospitality
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R2015-116 Redevelopment Agreement Evergreen Hospitality
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Last modified
3/8/2017 12:43:32 PM
Creation date
3/8/2017 12:43:30 PM
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Resolution/Ordinance
Res Ord Num
R2015-116
Res Ord Title
Redevelopment Agreement Evergreen Hospitality
Department
Development Services
Approved Date
10/19/2015
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m' 501 <br /> TABLE OF <br /> CONTENTS <br /> Page <br /> ARTICLE VII: REDEVELOPER COVENANTS AND RESTRICTIONS.................................10 <br /> 7.1 Project Subject to Redevelopment Agreement.......................................................................10 <br /> 7.2 Non-discrimination...................................................................................................................10 <br /> 7.3 Property Taxes..........................................................................................................................10 <br /> 7.4 Duration of Covenants..............................................................................................................11 <br /> 7.5 Covenants Running with the Land..........................................................................................11 <br /> 7.6 Covenants Binding for the Benefit of City..............................................................................11 <br /> 7.7 Forms of Covenants and Restrictions. ....................................................................................12 <br /> ARTICLE VIII: INDEMNIFICATION...........................................................................................12 <br /> 8.1 Redeveloper Indemnification of the City................................................................................12 <br /> 8.2 City Indemnification of the Redeveloper................................................................................13 <br /> ARTICLE IX: PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER.......................13 <br /> 9.1 Prohibition Against Transfer of Project and Project Site Prior to Completion of <br /> Construction..............................................................................................................................13 <br /> 9.1.1 Prohibitions...........................................................................................................................................13 <br /> 9.1.2 Conditions for Approval. ......................................................................................................................13 <br /> 9.2 Transfer of Project After Completion of Construction.........................................................15 <br /> 9.3 Status of Assignee......................................................................................................................15 <br /> 9.4 Assignment to Affiliated Entity................................................................................................15 <br /> 9.5 No Release of Redeveloper.......................................................................................................15 <br /> ARTICLE X: DEFAULT AND REMEDIES ..................................................................................16 <br /> 10.1 Events of Default.......................................................................................................................16 <br /> 10.1.1 Misrepresentation..................................................................................................................................16 <br /> 10.1.2 Breach. ..................................................................................................................................................16 <br /> 10.2 Remedies Upon Default............................................................................................................16 <br /> ARTICLE XI: TERMINATION OF AGREEMENT.....................................................................16 <br /> 11.1 Termination by the City...........................................................................................................16 <br /> 11.2 Termination by the Redeveloper.............................................................................................16 <br /> ARTICLE XII: EQUAL EMPLOYMENT OPPORTUNITY.......................................................17 <br /> 12.1 Nondiscrimination.....................................................................................................................17 <br /> 12.2 Advertising.................................................................................................................................17 <br /> ARTICLE XIII: REPRESENTATIONS OF THE REDEVELOPER..........................................17 <br /> 13.1 Organization..............................................................................................................................17 <br /> 13.2 Authorization.............................................................................................................................17 <br />
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